Economy
PEZA Approves PHP30 Billion Investments in January
The Philippine Economic Zone Authority (PEZA) approved PHP30.15 billion worth of investments during its first Board meeting on January 23, 2025. This marks a remarkable 1,263 percent increase compared to the PHP2.212 billion approved in January 2024.
PEZA, led by Chair and Trade Secretary Ma. Cristina Roque, approved 12 new and expansion projects spread across Metro Manila,
Calabarzon, Central Luzon, and Central Visayas. These projects include export manufacturing, Information Technology-Business Process Management, and domestic market ventures, all aimed at driving economic growth, generating employment, and boosting exports.
The approved projects are expected to create 3,270 jobs and bring in USD32.177 million in exports. Notably, the United Kingdom emerged as the top investor this month, along with contributions from China, the Netherlands, Australia, and Malaysia.
Among the standout ventures is a PHP28-billion beverage production and distribution facility in Tarlac City, strengthening its role as a key manufacturing and commercial hub. Another notable investment is a PHP1.2-billion energy storage project in the Mactan Economic Zone, which reflects the growing focus on advanced industries and regional development.
PEZA Director General Tereso Panga explained that these investments not only promote regional growth but also position the country as a premier destination for both local and foreign investors. Ma. Cristina Roque added that the projects would enhance exports and provide substantial employment, contributing to inclusive progress nationwide.
According to details shared by the Philippine News Agency (PNA), this early surge in investments signals strong momentum toward PEZA’s 2025 goal of achieving PHP235-250 billion in total investments. With strategic efforts to secure large-scale projects, the country is poised for significant economic advancement while benefiting communities in various regions. (ASC)