PEZA projects hit P2.21B in Jan. alone

‘PEZA said the board approved a total of P2.21 billion in investments, generating $69.62 million in exports and 1,337 direct jobs, from 12 new and expansion projects, including seven ecozone export enterprises, four IT enterprises, and one facilities enterprise.’

The start of 2024 proved to be a milestone for the Philippine Economic Zone Authority, as it posted a total of P2.21 billion in approved investments, as revealed in its board and executive committee meeting in the Baguio City Economic Zone last 27 January.

In a statement, PEZA said the board approved a total of P2.21 billion in investments, generating $69.62 million in exports and 1,337 direct jobs, from 12 new and expansion projects, including seven ecozone export enterprises, four IT enterprises, and one facilities enterprise.

Bigger projects to come

“We are confident of securing more investments which are already in PEZA’s pipeline and waiting for approval in the coming months,” PEZA director general Tereso Panga said.

Moreover, he said new and expansion projects will be located in Cavite Economic Zone, Cavite Technopark — Special Economic Zone, Laguna Technopark, Lima Technology Center — SEZ, Carmelray Industrial Park II — SEZ, Laguna Technopark Annex — SEZ, First Philippine Industrial Park, Giga Tower Bridgetowne IT Park in Quezon City, Southwoods Mall in Laguna City, Panorama Tower in Bonifacio Global City, and Jazz IT Center in Makati City.

For the full-year 2023, PEZA posted a 24.8 percent spike in approved investments, posting P175.709 billion surpassing its P140.7 billion registered in 2022.