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The Philippine Economic Zone Authority remitted over P1 billion in dividends to the national government for the second straight year in 2024
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The agency contributed P1.3 billion in dividends in both 2023 and 2024
The Philippine Economic Zone Authority (PEZA) remitted over P1 billion in dividends to the national government for the second straight year in 2024, the agency said in a statement.
PEZA contributed over P1.3 billion in dividends to the national government in 2023 and 2024, marking the first back-to-back billion-peso remittances in the agency’s 30-year history.
In total, PEZA contributed P3.688 billion in dividends from 2022 to 2024, building on a 15-year total of P25.06 billion from 2007 to 2021.
The agency operates independently from the national budget, manages over 400 economic zones, and supports more than 4,000 locator companies nationwide.
Despite being a non-financial government-owned and -controlled corporation with only around 600 employees, it has consistently ranked among top-performing agencies, the agency said.
Under the leadership of director general Tereso Panga, a 28-year veteran, PEZA recorded three consecutive years of growth in investment approvals, reversing post-pandemic declines and supporting economic recovery.
The agency said its fiscal discipline aligns with President Ferdinand Marcos, Jr.’s policy to expand the role of economic zones in national development. PEZA has focused on digitizing services, cutting red tape, and attracting investments in sectors such as manufacturing, information technology and business process management, and emerging technologies.
PEZA has also been cited by the US State Department for regulatory transparency and good governance. The agency marked its 30th anniversary in 2025.
“As we turn 30, we are focused on future-proofing PEZA to ensure it remains a dynamic force for economic development and nation-building,” said Panga.
From January-April 2025, PEZA approved 112% more investments to P63.523 billion compared to the same period last year.
The investments cover 86 new and expansion projects projected to generate $846.735 million worth of exports and create more than 24,920 direct employment.
