Economic zone agency promotes halal industry in Philippines

Filipino companies display halal-certified food products at the Malaysia International Halal Showcase in Kuala Lumpur, Malaysia on April 3, 2019. (MIHAS)
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Updated 23 May 2023
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Economic zone agency promotes halal industry in Philippines

  • Global halal market is estimated to be worth more than $7 trillion
  • Philippine Economic Zone Authority to promote small and medium enterprises for the industry’s growth

MANILA: The Philippine Economic Zone Authority has announced it is promoting the domestic halal industry in the country to tap into the rapidly growing regional and global markets.

With the world’s Muslim population accounting for about 1.8 billion people, the global halal market is estimated to be worth more than $7 trillion. A third of it is contributed by the halal food and beverage industry, but the market also covers recreation, travel, financial services, fashion, and many other sectors.

While the Philippines has been looking to expand the market presence of its halal-certified food, especially in Gulf countries, it has also set the development of halal tourism among its priority goals for 2023 to boost arrivals from the Middle East and its own Muslim-majority neighbors such as Malaysia, Indonesia and Brunei.

PEZA, which promotes the establishment of economic zones in the Philippines for foreign investment, recently signed agreements with the country’s central bank to expand the footprint of halal financial services in the country.

“Halal is not only a matter of food but it also includes the matter of halal in logistics tourism, manufacturing ...  and financial accessibility,” Aleem Siddiqui Guipal, PEZA’s public relations manager, told the Philippine state broadcaster PTV earlier this week. 

“We have signed a memorandum of agreement with Bangko Sentral ng Pilipinas to invite foreign Islamic banks and even local commercial banks to register.”

Foreign investment to create halal hubs in the Philippines has so far come from neighboring Malaysia and Saudi Arabia, Guipal said, but added that the agency was currently focused on the domestic ecosystem and promoting financing among local players, especially small and medium enterprises for the industry’s growth.

“The strategy that we are seeing is, first, to support SMEs (small and medium enterprises) and start-ups so that they will have a mechanism or platform to grow the domestic halal industry,” he said.

PEZA is also involving the relevant authorities mandated with developing the minority Muslim community in the Philippines.

Muslims constitute roughly 5 percent of the nearly 110 million, predominantly Catholic population of the Southeast Asian nation. They live mostly on the island of Mindanao and the Sulu archipelago in the country’s south, as well as in the central-western province of Palawan, and the capital, Manila.

“We also signed an MoU with the National Commission on Muslim Filipinos, and Southern Philippines Development Authority to support the halal industry in the Philippines,” Guipal said.

“It’s also a vehicle of our government to address the socio-economic challenges of the country, in meeting the needs of our countrymen, especially in the southern Philippines.”


Rubio defends US ouster of Venezuela’s Maduro to Caribbean leaders unsettled by Trump policies

Updated 26 February 2026
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Rubio defends US ouster of Venezuela’s Maduro to Caribbean leaders unsettled by Trump policies

BASSETERRE, St. Kitts and Nevis: US Secretary of State Marco Rubio on Wednesday defended the Trump administration’s military operation to capture Venezuela’s Nicolás Maduro, telling Caribbean leaders, many of whom objected to that move, that the country and the region were better off as a result.
Speaking to leaders from the 15-member Caribbean Community bloc at a summit in the country of St. Kitts and Nevis, Rubio brushed aside concerns about the legality of Maduro’s capture last month that have been raised among Venezuela’s island-state neighbors and others.
“Irrespective of how some of you may have individually felt about our operations and our policy toward Venezuela, I will tell you this, and I will tell you this without any apology or without any apprehension: Venezuela is better off today than it was eight weeks ago,” Rubio told the leaders in a closed-door meeting, according to a transcript of his remarks later distributed by the US State Department.
Rubio said that since Maduro’s ouster and the effective takeover of Venezuela’s oil sector by the United States, the interim authorities in the South American country have made “substantial” progress in improving conditions by doing “things that eight or nine weeks ago would have been unimaginable.”
The Caribbean leaders have gathered to debate pressing issues in a region that President Donald Trump has targeted for a 21st-century incarnation of the Monroe Doctrine meant to ensure Washington’s dominance in the Western Hemisphere. The Republican administration has declared a focus closer to home even as Washington increasingly has been preoccupied by the possibility of a US military attack on Iran.
Rubio downplays antagonism in US regional push
In his remarks to the group, America’s top diplomat tried to play down any antagonistic intent in what Trump has referred to as the “Donroe Doctrine.” Rubio said the administration wants to strengthen ties with the region in the wake of the Venezuela operation and ensure that issues such as crime and economic opportunities are jointly addressed.
“I am very happy to be in an administration that’s giving priority to the Western Hemisphere after largely being ignored for a very long time,” Rubio said. “We share common opportunities, and we share some common challenges. And that’s what we hope to confront.”
He said transnational criminal organizations pose the biggest threat to the Caribbean while recognizing that many are buying weapons from the United States, a problem he said authorities are tackling.
Rubio also said the US and the Caribbean can work together on economic advancement and energy issues, especially because many leaders at the four-day summit have energy resources they seek to explore. “We want to be your partner in that regard,” he said.
Rubio said the US recognizes the need for fair, democratic elections in Venezuela, which lies just miles away from Trinidad and Tobago at the closest point.
“We do believe that a prosperous, free Venezuela who’s governed by a legitimate government who has the interests of their people in mind could also be an extraordinary partner and asset to many of the countries represented here today in terms of energy needs and the like, and also one less source of instability in the region,” he said.
Rubio added: “We view our security, our prosperity, our stability to be intricately tied to yours.”
Trump plays up Maduro’s ouster
Trump, in his State of the Union address Tuesday night, called the operation that spirited Maduro out of Venezuela to face drug trafficking charges in New York “an absolutely colossal victory for the security of the United States.”
The US had built up the largest military presence in the Caribbean Sea in generations before the Jan. 3 raid. That has now been exceeded by the surge of American warships and aircraft to the Middle East as the administration pressures Iran to make a deal over its nuclear program.
In the Caribbean, Trump has stepped up aggressive tactics to combat alleged drug smuggling with a series of strikes on boats that have killed over 150 people and he has tightened pressure on Cuba. Regional leaders have complained about administration demands for nations to accept third-country deportees from the US and to chill relations with China.
One regional leader who has backed the US escalation is Trinidad and Tobago Prime Min­is­ter Kam­la Persad-Bisses­sar, whom Rubio thanked for her “public support for US military operations in the South Caribbean Sea,” the State Department said.
Persad-Bissessar told reporters that her conversation with Rubio focused on “Haiti; we talked about Cuba of course; we talked about engagements with Venezuela and the way forward.”
She was asked if she considered the latest US military strikes in Caribbean waters as extrajudicial killings: “I don’t think they are, and if they are, we will find out, but our legal advice is they are not.”
Rubio had other one-on-one meetings with heads of government, including from St. Kitts and Nevis, Haiti, Jamaica and Guyana.
Caribbean leaders point to shifting global order
Trump said during the State of the Union that his administration is “restoring American security and dominance in the Western Hemisphere, acting to secure our national interests and defend our country from violence, drugs, terrorism and foreign interference.”
Terrance Drew, prime minister of St. Kitts and Nevis and chair of the Caribbean Community bloc, said the region “stands at a decisive hour” and that “the global order is shifting.”
Drew and other leaders said Cuba’s humanitarian situation must be addressed.
“It must be clear that a prolonged crisis in Cuba will not remain confined to Cuba,” Jamaican Prime Minister Andrew Holness warned. “It will affect migration, security and economic stability across the Caribbean basin.”
The US Treasury Department on Wednesday slightly eased restrictions on the sale of Venezuelan oil to Cuba, which instituted austere fuel-saving measures in the weeks after the US raid in Venezuela.
That move came hours before Cuba’s government announced that its soldiers killed four people aboard a speedboat registered in Florida that had opened fire on officers in Cuban waters.