PEZA Investment Approvals Skyrocket to P141 Billion

Manila, Philippines – The Philippine Economic Zone Authority (PEZA) has reported a remarkable surge in investment approvals, reaching a staggering P140.9 billion from January to November 2023. This figure represents a 146.95% increase compared to the same period last year, indicating a robust growth momentum for the organization. The approved investments in the previous year amounted to P57.049 billion.

PEZA’s Remarkable Growth Trajectory
Exceeding Targets: PEZA is on track to exceed its investment approval targets for the year. The conservative estimate for the year’s target was set at P154 billion, but the organization is aiming much higher.

Ambitious Forecasts: PEZA Director-General Tereso Panga has expressed confidence in surpassing these targets, with a “fearless forecast” of reaching up to P300 billion. This ambitious goal is more than double the P104.7 billion in investments approved in 2022, showcasing PEZA’s significant growth and contribution to the Philippine economy.

Economic Implications: This surge in investment approvals is a strong indicator of the growing confidence of investors in the Philippine economic zone sector. It reflects the successful initiatives and policies implemented by PEZA to attract more investments, which are crucial for the country’s economic development and job creation.