THE Philippine Economic Zone Authority (Peza) has approved 179 new and expansion projects worth P115.89 billion in investments from January to September 2024, up 4.21-percent compared to the pledges recorded in the 9-month period last year.
THE Philippine Economic Zone Authority has approved 179 new and expansion projects worth P115.89 billion in investments from January to September 2024, up 4.21-percent compared to the pledges recorded in the 9-month period last year.
Such investments are “strengthening” the outlook for hitting a P200-billion investment target for the year, Peza said. “From the 16 approved new and expansion projects, there is a staggering 285 percent increase in investments amounting to P54.19 billion compared to P14.04 billion last September 2023,” said Peza.
Region VII followed Calabarzon, with two projects in Cebu, while NCR added two more in Makati and Taguig, and Central Luzon with one project in Pampanga, PEZA noted.Manufacturing led the number of projects in the 9-month period this year with 88 investment projects, followed by IT-BPM, with 45; Ecozone Development, 21 projects; Facilities, 11 projects; Logistics, 8 projects and Domestic, 5 projects.
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