PEZA-approved investments up 3% to P207 B

Investments approved by the Philippine Economic Zone Authority (PEZA) saw a moderate increase from January to November, with tens of thousands of jobs and billions of dollars' worth of exports expected from the new ventures or expansions.

- - Alden Monzon

Data released by PEZA yesterday showed that P207.577 billion worth of investment was registered during the period, marking a 3.8-percent increase from the P200 billion recorded a year ago.

"Even amid external shocks and a challenging global investment climate, the ecozone industry remains undeterred. Our consistent growth reflects the trust of investors in the Philippines' competitiveness, coupled with PEZA's brand of service," PEZA director general Tereso Panga said in a statement.