THE Philippine Economic Zone Authority (PEZA) has inked an agreement with Sumitomo Mitsui Banking Corp. (SMBC) and Rizal Commercial Banking Corp. (RCBC) to bring in more Japanese investments in the country, especially in renewable energy (RE) and manufacturing.

'This memorandum of understanding (MoU) is targeted to spur economic development continuously positioning the country as an attractive investment destination characterized by agility and responsiveness to the needs and demands of our dynamic investors,' PEZA Director General Tereso Panga said during the signing ceremony in Pasay City on Tuesday.