Investments approved by the Philippine Economic Zone Authority (PEZA) between January and December 14 grew 14 percent to P160.44 billion from P140.7 billion in the same period in 2022, the agency’s director-general Tereso Panga said yesterday.
Panga said the board in its latest board meeting on December 7, P19 billion projects from 24 proponents which are expected generate $256.9 million in exports annually and 4,515 jobs once fully operational. The agency will have its last board meeting on December 19.
Of the 19 projects approved this month,14 are export enterprises with investment value of P17 billion; four are facilities enterprises, P1.73 billion and three are information technology (IT) enterprises, P151 million.
There IT centers have also been approved with P693.11 million located in Capas, Tarlac; Bataraza, Palawan and; San Miguel, Tarlac.
Cumulatively, PEZA has approved 221 projects as of December 14, which will generate $$3.7 billion exports annually and 38,360 jobs once operational.
Of the 221 projects, 202 are locators with investments, accounting for the bulk of the approval at P121.7 billion.
Nineteen are developer projects worth P38.74 billion. – Irma Isip
