The Philippine Economic Zone Authority (PEZA) said Monday it expects to end 2024 with P213.5 billion in investment pledges, a 21.5-percent increase from
The Philippine Economic Zone Authority said Monday it expects to end 2024 with P213.5 billion in investment pledges, a 21.5-percent increase from the previous year and the highest in the past seven years.
“These are mostly manufacturing projects, which generate jobs faster. What’s encouraging is the nearly even split between foreign and local investments, showing increased investor confidence,” Panga said. Panga said that in October 2024, the investment figures were below target, but a surge in November helped the agency reach its goal, ensuring positive annual performance.
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