PEZA to approve P100 billion in investment pledges by year-end

PEZA to approve P100 billion in investment pledges by year-end

The Philippine Economic Zone Authority (PEZA) is aiming to approve more than P100 billion in investment pledges by the end of the year – led by a potential investor relocating from China.

PEZA Director General Charito Plaza said that due the positive responses of present investors and incoming investors, they might exceed their investment goal of P100 billion this year.

However, even if the investment agency approves worth P100 billion of new investment pledges, this would still be around 15% lower than P117.54 billion in investments approved in 2019. Before the pandemic, PEZA aimed for 5-10% growth in new investment pledges this year.

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