MANILA, Jan. 23 -- The Philippine Economic Zone Authority (PEZA) aims to continue attracting Japanese investors into ecozones by partnering with Sumitomo Mitsui Banking Corp. (SMBC) and the Rizal Commercial Banking Corp. (RCBC).

PEZA Director General Tereso Panga, SMBC managing executive officer and co-head of Asia Pacific Yuichi Nishimura, and RCBC president and chief executive officer Eugene Acevedo signed in Pasay City Tuesday a memorandum of understanding (MOU), making the two banks as PEZA's investment promotion partners (IPPs).

"This 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 d...