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PEZA investment approvals plunge 44% in H1
The Philippine Star
|July 15, 2024
Investment pledges approved by the Philippine Economic Zone Authority (PEZA) in the first semester fell by 44 percent to P45.48 billion from P80.59 billion the same period a year ago.
In a statement, the PEZA said the approved investments in the first half are for 120 projects, which are projected to create 25,259 jobs and exports amounting to $1.61 billion.
The approved projects cover various sectors such as manufacturing, information technology-business process management (IT-BPM), ecozone development, facilities development and logistics.
In terms of location, the majority or 100 of the approved projects are in Luzon, while 14 are in Visayas and six are in Mindanao.
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