THE Philippine Economic Zone Authority (PEZA) said plans were underway for an aggressive investment promotion initiative to get electronics manufacturing services (EMS) and semiconductor manufacturing services (SMS) companies overseas to invest in the Philippines.

Speaking at ANC's televised program 'Market Edge' on Thursday, PEZA Director General Tereso Panga said efforts were being undertaken to further promote the country as an investment hub in the electronics and semiconductor industry to non-traditional foreign investors as the Philippines Statistics Authority (PSA) announced a widened trade deficit in November 2023.