PEZA investment approvals soar 112% to PHP63.5B

Investment approvals by the Philippine Economic Zone Authority (PEZA) surged 112 percent to PHP63.5 billion from January to April this year, compared to PHP29.96 billion in the same period last year.

The total project registration includes 86 new and expansion projects that will create over 20,000 fresh jobs, with South Korean investors leading the list followed by American, Chinese, Japanese, Hong Kong, and Singaporean investors.

In April alone, PEZA approved an additional 20 new and expansion projects worth PHP4.58 billion, generating more than 9,000 jobs and boosting Philippine exports by USD300 million annually.

PEZA Director General Tereso Panga emphasized the agency's commitment to investment promotion despite geopolitical challenges, noting renewed investor confidence in the Philippines as a resilient and globally competitive destination.

The surge in investments reflects the benefits of newly signed FTAs with South Korea and the emerging China+2 strategy, indicating robust FDI flows into ecozones.