THE Philippine Economic Zone Authority (PEZA) plans to launch a digital marketplace for locators by September.

PEZA Director General Tereso O. Panga signed a memorandum of agreement with NetGlobal Solutions, Inc. (NGSI) Chairman and Chief Executive Officer Peter G. Lingatong on July 25 for the development of the PEZA Digital Marketplace, a business-to-business (B2B) e-commerce platform for PEZA locators.

“The PEZA Digital Marketplace completes the local supply and global value chain for Philippine economic development. This will also increase our competitiveness to attract more investors to set up offshore facilities and operations in the Philippines, particularly, in our ecozones,” Mr. Panga said in a statement.

“The signed agreement aims to strengthen the ease of doing business in the economic zones as mandated in Republic Act No. 11032 or the Ease of Doing Business and Efficient Government Services Delivery Act of 2018 which directs all offices and agencies to improve transactions systems and procedures to streamline the delivery of government services,” PEZA said.

Under the agreement, the NGSI will develop, operate, and maintain the digital platform, PEZA directory, and PEZA build-a-site. The database development for the marketplace will also cover local producers and suppliers of goods and services providing support to ecozone locators.

“This key measure to enhance the ecozone forward and backward linkages will accelerate the integration of our Filipino micro, small, and medium enterprises (MSMEs) into the ecozone value chain,” the PEZA said.

For 2023, the PEZA is targeting 10% investment approvals growth after it tallied P140.7 billion in 2022. — Revin Mikhael D. Ochave