PEZA approves PHP52.93B in investments, up 338% from 2024

The Philippine Economic Zone Authority (PEZA) has approved PHP52.93 billion in investment pledges from January to February 2025, marking a 338 percent increase from the same period in 2024.

These investments are expected to generate 11,063 jobs and contribute an additional USD274.96 million to export revenues through 39 projects across various sectors.

The recent signing of the implementing rules and regulations (IRR) of the CREATE MORE Act is expected to further boost investment approvals by addressing investor concerns and offering longer incentives.

PEZA Director General Tereso Panga expressed optimism about achieving the agency's growth target of 9 to 10 percent for 2025, citing its dedication to supporting various sectors and fostering regional economic growth.

In February alone, PEZA registered 26 projects with capital amounting to PHP22.78 billion, including a P10.45-billion investment in an ecozone development project in South Korea.