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PEZA OKs P30 billion investments in January

Louella Desiderio - The Philippine Star
This content was originally published by The Philippine Star following its editorial guidelines. Philstar.com hosts its content but has no editorial control over it.
PEZA OKs P30 billion investments in January
In a statement yesterday, the investment promotion agency said it approved P30.16 billion worth of investments for this month, significantly higher than the P2.21 billion recorded in the same month last year.
Businessworld / File

MANILA, Philippines — The Philippine Economic Zone Authority (PEZA) started the year on a high note, with investment approvals soaring by over 1,260 percent in January compared to the same period last year.

In a statement yesterday, the investment promotion agency said it approved P30.16 billion worth of investments for this month, significantly higher than the P2.21 billion recorded in the same month last year.

The approved investments are for 12 projects expected to generate $32.18 million in exports and create 3,270 direct jobs.

Among those approved this month are two big-ticket projects.

In particular, the PEZA approved a P28-billion beverage production and distribution facility in Tarlac City.

“This major domestic market project will play a crucial role in strengthening Tarlac’s manufacturing and commercial hub. It aligns with our commitment to expanding regional investment opportunities and supporting the country’s broader economic goals,” PEZA director general Tereso Panga said.

Also approved was the P1.2-billion energy storage systems project in the Mactan Economic Zone.

The 12 approved projects span various sectors, with five for export manufacturing activities, four for information technology - business process management and three for domestic market activities.

These projects are in Metro Manila, CALABARZON (Cavite-Laguna-Batangas-Rizal-Quezon), Central Luzon and Central Visayas.

“This is a bright and promising welcome for 2025. The strong growth in our investment performance for January underscores our commitment to meet our 2025 target of P235 billion to P250 billion in investments. It is an encouraging sign that we are on the right path to success,” Panga said.

Last year, investments approved by the PEZA reached P214.18 billion.

Apart from higher investment approvals, the PEZA is also aiming for a five percent growth in export revenues and employment this year.

PHILIPPINE ECONOMIC ZONE AUTHORITY

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