The Peza on Thursday disclosed it has approved 60 new and expansion projects worth P33.094 billion of investments from January to April 2023, which is 107.15 percent higher than the P15.975 billion approved investments in the same period last year.
The Philippine Economic Zone Authority on Thursday disclosed it has approved 60 new and expansion projects worth P33.094 billion of investments from January to April 2023, which is 107.15 percent higher than the P15.975 billion approved investments in the same period last year.
The P20.556 billion worth of investment approvals in April 2023 is 162.37 percent higher than the P7.834 billion investment approvals in April 2022. Data from Peza showed that while the value of investment approvals surged year-on-year, the number of projects declined from 26 in April 2022 to 14 projects this April 2023.
Meanwhile, Peza said despite the widening trade deficit based on the recent report of the Philippine Statistics Authority , the investment promotion agency recorded $15.753 billion of exports for the first quarter of 2023.
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