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The Philippine Economic Zone Authority on Wednesday reported a 19.25-percent increase in investment pledges to P14.95 billion as of March 15, 2024 from P12.54 billion in the same period in 2023.
“PEZA is more than encouraged to sustain its growth momentum this year and onwards given the very positive investment climate statement recently issued by the US International Trade Administration and Bloomberg International, saying that business environment is notably better particularly within the PEZA special economic zones and that PEZA is a unique factor for the Philippines in terms of FDI attraction,” Panga said.
The first-quarter investments are expected to bring in $616.59 million in exports and expand employment within the ecozones by 11,558 new workers.Majority of the projects are located in Quezon City, Taguig City and Makati City, Calabarzon, Bataan, Pampanga, Cebu, Albay and Cagayan De Oro.
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