NEW investments worth P123.71 billion and corresponding to 198 projects have been approved from January to October, the Philippine Economic Zone Authority (PEZA) reported on Wednesday.
NEW investments worth P123.71 billion and corresponding to 198 projects have been approved from January to October, the Philippine Economic Zone Authority reported on Wednesday.The amount is lower than the P131.76 billion in the same period in 2023. But the projects are 29 more than the 169 approved deals last year, and are projected to earn $3.074 billion in export revenues and surpass last year's $3.025 billion.
5 million in export income and provide 4,862 jobs.Also signed during the meeting were 19 new and expansion projects in various sectors including manufacturing and information technology with eight each; ecozone development, two; and one in ecozone logistics services.These will produce fabricated metal, rubber, plastics, computer programs, commercial printing, electronics, semiconductor devices and offer warehousing, transportation support activities and office support.
Approves 198 New Projects Worth P123.71B
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