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PEZA projects P215 B investment approvals by yearend
The Philippine Star
|December 17, 2024
The Philippine Economic Zone Authority (PEZA) expects to end 2024 with approved investments of around P215 billion, the highest in seven years.
It is also aiming for a nine to 10 percent increase in investment approvals next year, following the approval of the CREATE MORE and a new free trade agreement (FTA) with South Korea.
In a press briefing yesterday, PEZA director general Tereso Panga said the agency is looking at a "nine to 10 percent increase in investments" next year to reach a minimum of P235 billion from the 2024 performance.
He said PEZA, which is set to hold its last board meeting today, expects total investment approvals to reach around P215 billion for this year.
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