PEZA green lights 9 projects in March
The Philippine Economic Zone Authority (PEZA) approved a total of nine projects in its economic zones for the month of March.
Among these new ventures, five projects fall under the export manufacturing enterprises, one for facilities, and three for ecozone development projects.
All of them will be located in Laguna Technopark, Carmelray Industrial Park I, Cebu Light Industrial Park, Lima Technology Center, and Cavite Economic Zone.
This comes as PEZA announced the decline of their approved ecozone investments for the first quarter of the year from 2021’s P25.38 billion to P8.141 billion
PEZA Director-General Charito Plaza said that they are expecting this figure due to the ongoing pandemic, the Russian-Ukraine war, and the May 2022 national elections.
Nonetheless, the PEZA chief stated that she is confident that the situation will improve after the election period and when the new president has laid out his economic plans for the country.
She added that she is hoping for the new administration to address the work-from-home (WFH) concerns of the IT-BPO firms in the country.
