PEZA approves 26 fresh projects as quarantine restrictions ease

PEZA approves 26 fresh projects as quarantine restrictions ease

A total of 26 fresh projects that will bring in over P13 billion in new capital and generate nearly 20,000 jobs has been approved by the Philippine Economic Zone Authority (PEZA), as investors take their next steps post-lockdown.

More than two-thirds of these projects were tendered by foreign firms mostly from the United States, Japan, Taiwan and China, while the remaining one-third was submitted by local investors. Once operational, these projects will be put up in various economic zones across the archipelago.

“Indeed, the Philippines continues to maintain and attract [the] trust and confidence of investors and business groups whether in terms of new or expansion projects,” Peza Director General Charito B. Plaza said in a statement.

Read more here.

Shares