PEZA receives P3.8B investment pledges 

MANILA, PHILIPPINES — Twelve projects totaling Php3.8 billion were approved by the Philippine Economic Zone Authority (PEZA) in February.

PEZA officer-in-charge Tereso Panga reports that the agency’s board approved the new and expansion projects during its board meeting last February 23.

According to Panga, the investments expected from the recently approved projects were 112 percent higher than the Php1.792 billion cleared by PEZA in the same month last year.

“These projects will be located in Taguig City, Laguna, Batangas, Tarlac, and Palawan,” he said.

The projects included are for export manufacturing, facilities, information technology (IT), logistics, utilities, and the expansion of a manufacturing ecozone.

In January, the investments promotion agency approved 19 projects that are expected to bring in Php6.39 billion worth of investments.

PEZA is targeting a 10 percent growth in approved investments for this year.