Approved investments soar 139% in January
Approved investments by the Philippine Economic Zone Authority (PEZA) surged 139 per cent in January from a year ago. The agency approved 24 projects in the first month of 2021.
PEZA director general Charito Plaza said the agency approved projects worth P11.31 billion in January, up from P4.726 billion in the same month last year. She said that out of the 24 approved projects, 20 are made by locator enterprises, while four are for ecozone development.
The approved projects are expected to create 5,601 jobs.
“We will continue to support efforts of [the] government that will enhance and promote investments in the country to achieve overall welfare and good of the country and the people during this time,” Plaza said.
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