Business E-Journal: March 2024

In the first quarter of 2024, the Philippines Economic Zone Authority (PEZA) continued its trajectory of growth with a substantial increase in investment approvals, reinforcing the country’s economic resilience and investor confidence. Complementing this achievement, SwissCham Philippines entered into a strategic partnership with the Anti-Red Tape Authority (ARTA), signing a Memorandum of Understanding to enhance the ease of doing business. This collaboration aims to streamline business operations and improve the overall economic environment in the Philippines.

The journal also presents Switzerland as an attractive investment destination, noted for its stable economic policies, innovation-driven economy, and strategic European location. These characteristics make Switzerland a top choice for investors seeking robust growth opportunities.

Locally, SwissCham Philippines has been proactive in engaging with various stakeholders to foster economic development. The organization initiated dialogue with the National Economic and Development Authority (NEDA) and launched the Local Government Advocacy and Innovation Rounds to promote policy development through increased collaboration with local government units. wissCham’s collaboration with the Department of Labor and Employment (DOLE) is helping businesses navigate labor regulations effectively amidst ongoing digital transformation.

Meanwhile, Additiv has appointed a new leader for its Asia-Pacific operations, Hilti Group has outperformed market expectations in a challenging economic climate, and GF has earned top marks for its commitment to climate and water conservation.

This edition features SGS, a leader in inspection, verification, testing, and certification, emphasizing its pivotal role in quality assurance and risk management across industries.