PEZA OKs P48.87-B investments in Sept, year-to-date approvals reach P154.7 billion

The Philippine Economic Zone Authority (PEZA) has approved P48.87 billion in investment pledges in September, bringing its year-to-date approvals to P154.7 billion, surpassing 60% of its annual target.

These September approvals encompass 36 projects projected to generate 10,312 jobs and $1.113 billion in exports.

PEZA Director General Tereso O. Panga expressed confidence that these figures indicate sustained investor confidence and position the Philippines as a top investment hub in Asia.

The year-to-date investment commitments represent a 33.5% increase compared to the same period last year, with 215 projects expected to create 50,430 jobs and yield $4.49 billion in exports.