PEZA investment approvals up 34% in 9 months

Investments approved by the Philippine Economic Zone Authority (PEZA) increased by 34 percent from January to September compared to the same period last year, driven by projects from Japanese firms.

- By LOUELLA DESIDERIO

In a statement, the PEZA said it approved P154.70 billion worth of investments from January to September, surpassing the P115.89 billion cleared in the same period last year.

This year's approved investments are for 215 projects in various sectors, including manufacturing, information technology - business process management, domestic activities, facilities, ecozone development, logistics and utilities.

These projects are projected to generate $4.49 billion worth of exports and provide 50,430 jobs.