PEZA approves nearly P49B worth of investments in Sept.

THE Philippine Economic Zone Authority (PEZA) said it approved P48.87 billion worth of investment proposals in September, helping it exceed 60% of its approvals target in the year to date.

- Justine Irish D. Tabile

The September total is 9.8% lower year on year, it said. The 36 approved projects are expected to create 10,312 jobs and generate $1.113 billion worth of exports.

Of the total, 16 are manufacturing projects, while nine are information technology and business process management (IT-BPM) projects.

Five of the approved investment pledges were economic zone (ecozone) developments, three are to develop facilities, two are logistics projects, and one is a domestic market enterprise.

Eighteen of the projects approved in September plan to locate in Region IVA, while others selected sites in the National Capital Region, Region VII, Region IIL, Region I, Region V, and Region XI.

Approvals in September brought the nine months’ total to P154.7 billion, up 33.5% from a year earlier.

These comprise 215 projects which are projected to generate 50,430 jobs and $4.49 billion in exports.