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PEZA Investment Approvals Soar to P52.93-B, Poised to Achieve 2025 Growth Target
The Philippine Star
|February 28, 2025
On track to achieving its target of 9 to 10 percent investment growth this year, the Philippine Economic Zone Authority (PEZA) recorded an outstanding P52.933 billion in investments following its board meeting on February 20, 2025, at the PEZA head office.
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PEZA Director General Tereso O. Panga stated, "PEZA's rising investments reflect its dedication to supporting various sectors and propelling the country's economic progress."
"By attracting projects from priority industries—such as emerging technologies in the EMS-SMS sector—and fostering strategic collaborations with the pharmaceutical industry, among others, PEZA continues to draw investments that stimulate regional economic growth and advance the nation's industrial landscape."
Trade Secretary and PEZA Board Chairman Cristina Aldeguer-Roque likewise highlighted the role of the CREATE MORE Act in this performance.
"The CREATE MORE Act is a game changer in the entry of foreign direct investments into the country, encouraging more international investors to come given the longer-set incentives being offered," she said.
YEAR-ON-YEAR PERFORMANCE
From January to February alone, the Agency achieved a staggering 337.58 percent increase in investment approvals, reaching P52.933 billion compared to P12.097 billion in the same period in 2024.
The approval of 39 new and expansion projects for this period also recorded a 39.29 percent rise from that of last year. Additionally, employment saw an impressive 209.02 percent surge, with 11,063 direct Filipino jobs expected to be created.
PEZA saw an increase in investments from domestic market enterprises, injecting P37.972 billion or 71 percent of the total investments approved for January to February 2025.
Dit verhaal komt uit de February 28, 2025-editie van The Philippine Star.
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