The Philippine Economic Zone Authority (PEZA) expressed confidence in reaching its P200 billion target for investment approvals this year, reporting P123.756 billion in approved investments so far.
PEZA Director General Tereso Panga announced that from January to October 2024, the agency logged P123.756 billion in approved investments, reflecting sustained investor confidence in the country’s economic zones.
As of 18 October, Panga said the PEZA governing board approved P7.869 billion in investments, projected to generate $562.624 million in exports and create 4,862 direct jobs from 19 new and expansion projects.
These projects include eight in manufacturing, eight in IT, two in ecozone development, and one in ecozone logistics services across various locations, including Pampanga, Laguna, Cavite, Iloilo, Taguig, Cebu, Muntinlupa, Makati, Batangas, Quezon City, and Tarlac.
The approved ventures span fabricated metal products, computer programming, commercial printing, electronic products, semiconductor devices, warehousing, transportation support activities, office support, and rubber and plastic products.
Tribune
