Philippines investment body PEZA secures $513Mn in January deals
MANILA, PHILIPPINES — The Philippine Economic Zone Authority (PEZA) started 2025 on a high note, securing PHP 30.156 billion (US$513 million) in approved investments during its first board meeting of the year.
This represents a staggering 1,263% increase compared to the PHP 2.212 billion (US$37 million) recorded in January 2024, setting a solid foundation for PEZA’s goal of achieving a 9-10% investment growth this year.
“This is a bright and promising welcome for 2025,” said PEZA Director General Tereso Panga. “The strong growth in our investment performance for January underscores our commitment to meet our 2025 target of PHP 235-250 billion in investments. It is an encouraging sign that we are on the right path to success.”
12 new projects to boost exports and jobs
During the January board meeting, chaired by Trade Secretary and PEZA Chair Ma. Cristina Roque, 12 new and expansion projects were approved.
These include five export manufacturing ventures, four IT-BPM projects, and three domestic market projects. Collectively, these initiatives are expected to generate US$32.177 million in exports and create 3,270 direct jobs.
“This is a testament to the versatility of the PEZA ecosystem, catering to both local and international markets,” Roque noted. “The approved projects will not only strengthen our export sector but also generate substantial local employment, further fostering inclusive growth.”
Foreign investors lead the charge
International investors played a significant role in this milestone achievement.
Key contributions came from countries such as the United Kingdom, China, the Netherlands, Australia, and Malaysia.
Notably, the United Kingdom emerged as PEZA’s top investor for January, reflecting growing global confidence in the Philippines as an investment destination.
Big-ticket projects dominate investments
Two major ventures accounted for PHP 29.014 billion (US$496 million) of the total investments. A domestic market enterprise plans to invest nearly PHP 28 billion (US$478 million) in a beverage production and distribution facility in Tarlac City, bolstering the region’s manufacturing hub.
Additionally, an energy storage systems project will inject over PHP 1.2 billion (US$20 million) into the Mactan Economic Zone (MEZ).
“Our strategy to secure such large-scale investments is not just about driving growth in specific regions. It is about positioning the Philippines as a premier investment destination, making a lasting impact on the economy and providing benefits to communities nationwide,” Panga emphasized.
Optimistic outlook for 2025
With this record-breaking start, PEZA remains optimistic about achieving its targets for 2025, including a 5% increase in export revenues and employment. The agency’s efforts underscore its dedication to fostering economic growth and positioning the Philippines as a premier global investment destination.
This strong performance highlights PEZA’s pivotal role in driving inclusive growth through strategic investments across key sectors.
