PEZA’s approved investments up 54% in Q1
The Philippine Economic Zone Authority (PEZA) approved P25.38 billion worth of investments in Q1 2021, a 54% rise from Q1 2020’s P16.5 billion.
In a statement, PEZA said that the investment will generate 5,601 jobs for 57 new projects in export activities, information technology, facilities, logistics, utilities, tourism, and ecozone development projects located across the country. Of the 57 new projects, eight are ecozone development projects.
PEZA director-general Charito Plaza said that 2,701 companies in ecozones and 84 percent IT – business process outsourcing sector are operating nationwide amidst modified, enhanced community quarantine in Metro Manila, Cavite, Laguna, Rizal, and Bulacan.
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