Japan named the largest investor in PH ecozones with P727.7 B
Japan continues to be the biggest contributor in Philippine ecozones with a 27% share in Foreign Direct Investments (FDIs) amounting to P727.7 billion (approximately US$14.3 billion), said Philippine Economic Zone Authority (PEZA) Deputy Director-General Tereso Panga.
During its latest ECOZONES IN-DEPTH: PEZA Dialogue with the Philippine Ambassador to Japan Jose Laurel V, Panga said that there are a total of 964 PEZA-approved Japanese companies in the country, generating employment to 351,806 Filipinos.
Additionally, PEZA recorded that Japanese ecozone locators made up 70% or P22.2 billion (US$437 million) of the approved P31.8 billion (approximately US$626 million) investments in the country from January to September.
Panga concluded that he is confident that Japan will continue to be the “no. 1 investor in PEZA not only this year but for the many years to come.”
