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The Philippine Economic Zone Authority’s approved investments of P186 billion for January to November 13 has surpassed the 2023 total
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New and expansion projects reached 222 from January to Nov 13
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The agency said it is on track to achieve its targets for this year
The Philippine Economic Zone Authority’s (PEZA) approved investments of P186.098 billion from January to November 13 has surpassed the P175.71 billion greenlit for the entire 2023.
During its Nov. 13, 2024 board meeting, PEZA said it is on track to achieve its investment target of P200 billion for this year.
Approved new and expansion projects have reached 222 from January to November 13.
The projects are seen to generate more than $3 billion in exports and boost employment with the creation of 60,000 jobs.
“The PEZA board’s approval of the P62.341 billion investments during our first board meeting this month brings us closer to our goal of driving further growth and innovation in the country with the continued entrance of both local and foreign investments into the ecozone system,” PEZA director general Tereso Panga said in a statement.
Panga added that the previous year’s investment acquisition performance “is a clear sign of the confidence of both international and local investors in our current economy.”
READ: PEZA greenlights 144 projects worth P54.716B from Jan-July 2024
