Peza cleared P64B investments in April
Big-ticket ventures powered the Philippine Economic Zone Authority (Peza) to a strong April. Approved investments surged to P63.9 billion, raising hopes that the P300-billion target for 2026 will be attained.Spread across 26 projects, the amount soared by 1,296.65 percent.
These were driven largely by five projects worth a combined P60.02 billion: two electronics and semiconductor manufacturing projects, an economic zone development in Tarlac, a facilities enterprise in Iloilo and two tourism expansion projects in Baguio, Clark and Cebu.
“As we move into the second quarter, we remain optimistic that we will sustain our positive growth trajectory and provide a conducive environment for both new and expanding enterprises to thrive,” Peza Director General Tereso Panga said.
From these, Peza expects to generate about $1.7 billion in export revenues and create 7,621 direct jobs.
