PEZA-approved investments increased by 8% in 1H
The Philippine Economic Zone Authority (PEZA) has disclosed that investment pledges for the first half of 2021 have increased by 8.5% in comparison to the same period last year.
PEZA Director General Charito Plaza stated that this year’s pledges have amounted to P32.057 billion (approximately US$ 635 million), compared to 2020’s P29.541 billion (approximately US$ 586 million).
Additionally, the new and expansion projects in the country increased by 5.31% to 119, in contrast to last year’s 113.
The agency said that the majority of the investments came from countries such as Japan, South Korea, India, Hong Kong, China, Germany, Austria, France, Canada, and the United States.
Most of these investments will be directed to Region 4 (Calabarzon), Region 7 (Central Visayas), Region 11 (Davao Region), and the National Capital Region (NCR).
*Exchange rates as of August 10, 2021
