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The Philippine Economic Zone Authority (PEZA) aims to conclude the incentive package within this quarter, offering electricity subsidies to Samsung Electro-Mechanics Philippines (SEMPHIL) for its $1 billion investment project. All parties have now agreed on electricity prices, and the package will be forwarded to the Fiscal Incentives Review Board (FIRB) for approval this week. The approval process will also entail final clearance from the Office of the President (OP), following which it will revert to PEZA. The entire process is anticipated to wrap up in the third quarter. SEMPHIL intends to commence construction on the project in January 2026, expanding its Calamba, Laguna factory, which specializes in manufacturing electronic components like multilayer ceramic capacitors, tantalum capacitors, inductors, and chip resistors.
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