PEZA-approved ecozone investments in March double to P6B

Philippine Economic Zone Authority (Photo from PEZA/Facebook)

MANILA, Philippines — The value of investments approved by the Philippine Economic Zone Authority (PEZA) more than doubled to P6.01 billion in March, with nearly 4,800 new jobs expected from new business ventures and expansions.

PEZA, one of the investment promotion agencies of the Department of Trade and Industry (DTI), said the value of projects cleared during the month was 110.65 percent higher than the P2.85 billion recorded in the same month a year ago.

“We are bullish that we will sustain this upward trajectory coming into the second quarter of the year as we intensify our investment promotion initiatives partnered with the CREATE MORE (Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy Act) incentives, the most generous fiscal incentives among Asean (Association of Southeast Asian Nations) to date,” PEZA Director General Tereso Panga said in a statement on April 2.

“We already received several inquiries and hosted inbound delegations from US, Japan, China, Taiwan and Spain who are interested in investing in the ecozones,” he also said, adding that they are anticipating the influx of more investors looking into the country for their offshore operations in Asia.”

The newly approved investments in March are expected to create 4,752 direct jobs, as well as $223.497 million worth of exports annually.

READ: Peza approves P53-B projects in Jan-Feb 2025

With these approvals, PEZA’s investment portfolio for the first quarter reached P58.95 billion, reflecting a 229.3-percent annual increase.