PEZA gives the green light to P160-B investment commitments

PEZA Registers P160.43B Worth of Investments

The Philippine Economic Zone Authority (PEZA) has recorded a total of 221 projects with combined investment pledges amounting to P160.43 billion. These projects are expected to generate 38,360 jobs and potential exports amounting to P73.71 billion.

Data from PEZA shows that investment pledges from January to Dec. 15 this year have increased by 14.03 percent compared to the same period last year. Of the approved projects, 202 are expansions by existing locators and 19 are by developers, marking a 13.9 percent increase from last year.

Projected exports are expected to be 87.03 percent higher compared to the previous year, while potential job creation is lower by 12.9 percent.

PEZA implemented 24 projects in the first half of December, with a projected total cost of P19.55 billion and expected exports amounting to approximately $288.9 million. These projects are estimated to accommodate around 4,515 jobs.

Overall, PEZA’s numbers signal positive growth and potential for economic development through investments and job creation.

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