Peza remits P1.39B dividends, marks second straight year over billion-peso mark

The Philippine Economic Zone Authority (Peza) remitted P1.39 billion in dividends from its 2024 earnings on Tuesday, marking a 1.86-percent increase over the previous year and bringing its total contributions to government coffers since President Ferdinand Marcos Jr's administration began to P3.68 billion.

Peza Director General Tereso Panga highlighted that this is the agency's second consecutive year contributing more than a billion pesos to government revenues, positioning Peza as part of an elite group of government-owned and -controlled corporations known for significant revenue generation.

Since its establishment 30 years ago, Peza has remitted a total of P25.06 billion in dividends from 2007 to 2021, supporting economic development across the country.

Peza oversees over 400 economic zones and employs more than 600 personnel while maintaining fiscal self-sufficiency and supporting more than 4,000 locator companies within its zones.

From January to April this year, Peza's investment approvals reached P63.52 billion, marking a 112.06 percent increase from the previous year, with an aim to approve up to P250 billion in investments by 2025.