THE PHILIPPINE Economic Zone Authority (PEZA) approved P3.8 billion worth of investments in February, more than double the investments approved a year ago. READ:
THE PHILIPPINE Economic Zone Authority approved P3.8 billion worth of investments in February, more than double the investments approved a year ago.cer-in-Charge Tereso O. Panga said the board had given the green light for 12 new and expansion projects worth P3.8 billion during its Feb. 23 meeting. This is 112% higher than the P1.792-billion approved investments in February 2022.
In 2022, PEZA approved P140.7 billion worth of investments from 198 new and expansion projects, up 103% year on year. In 2022, the PEZA Board approved 29 applications for new and expansion projects for ecozones, which are estimated to bring in P96.215 billion of investments. Of the 29 projects, eight are to be located in the Calabarzon region.
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