PEZA investment pledges rise 34%

Investment pledges in the country's economic zones (ecozones) approved by the Philippine Economic Zone Authority (PEZA) have surged to more than ₱150 billion from January to September as investors continue to affirm their confidence in the country's business landscape.

- By DEXTER BARRO II

The PEZA said on Tuesday, Sept. 30, that it cleared ₱154.70 billion in investments in the first nine months, nearly 34 percent higher than the ₱115.89 billion in the same period in 2024.

These pledges, which will materialize into actual investments, cover 215 new and expansion projects. This is up 20 percent from 179 projects last year.

The projects are seen to create 50,430 direct jobs, up 41 percent compared to the same nine-month period.

The approved projects are expected to generate as much as $4.49 billion, a 79 percent improvement from last year's $2.51 billion.