PEZA approves P15.4B in investment pledges

Investment pledges approved by the Philippine Economic Zone Authority (PEZA) surged in May, driven by an increase in export-oriented manufacturing and information technology-business process management (IT-BPM) projects.

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The PEZA Board approved 31 projects valued at P15.41 billion, a 446.89% jump from the P2.82-billion approved in May 2025.

The projects are expected to generate $364.73 million in exports.

Of the total, 16 projects were export manufacturing enterprises, seven are IT-BPM projects; two are domestic market enterprises; two are economic zone (ecozone) developments; two are logistics enterprises; one is a facilities enterprise; and one is a tourism enterprise.

Most of the projects will be located in the Calabarzon Region (16 projects), followed by the National Capital Region (six projects), and Central Luzon (two projects).

PEZA said Cebu, Cagayan de Oro, Davao del Sur, and South Cotabato will each have three projects, while one project is located in Iloilo.

In the first five months of the year, PEZA approved 135 new and expansion projects worth P124.84 billion, up 88% from the P66.34-billion approved last year.

As of end-May, the agency’s investment approvals have reached 41.61% of its P300-billion target for 2026.