THE Philippine Economic Zone Authority (PEZA) on Monday said it has signed a registration agreement (RA) with the local branch of Singaporean precision engineering and advanced manufacturing firm MNEX Pte. Ltd.
An RA is the final step, after the company’s application and board approval, for it to be a recognized locator within a Special Economic Zone (SEZ).
The deal was signed by PEZA Director General Tereso Panga and MNEX CEO Goh Su Min.
Under the agreement, MNEX — which has invested P180 million — will produce molded parts for various industries at the Light Industry and Science Park III–SEZ in Sto. Tomas, Batangas.
MNEX (Meiban Global), which has operated for 37 years, supplies an integrated value chain — from design and engineering to prototyping and mass production, supported by automation, Internet of Things (IoT)-enabled systems, and digitalized manufacturing platforms — to global clients in consumer electronics, medical devices, and industrial sectors.
It has facilities in China, Malaysia, and the Philippines.
“This partnership [with MNEX] will contribute high-value manufacturing, technology transfer, and quality employment, reinforcing PEZA’s drive to attract future-ready, innovation-led investments,“ Panga said.
Investor-friendly incentives, efficient registration processes, and strong ecozone support will allow MNEX to scale operations, enhance competitiveness, and expand its footprint in the country, PEZA said.
For 2025, PEZA approved $260.89 billion in investments, surpassing its $250 billion target.
Singapore ranked fourth among the top foreign investors with an outlay of $11.187 billion.
