Wednesday, December 1, 2021
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PEZA approves 8.52% more investments for 1H

  • The Philippine Economic Zone Authority (PEZA) approved 8.52% more investments in the first half of 2021 than in the same period last year
  • The investments came from 119 new and expansion projects and are 5.31% higher compared to the 113 recorded in 2020
  • For June alone, 62 new projects were green lit, including 22 information and technology enterprises, 20 export manufacturing enterprises, 13 facilities, and seven economic zone development projects
  • Exports for the period covering January 1 to May 31, 2021 amounted to US$24.781 billion with 1.605 million generated employment

The Philippine Economic Zone Authority (PEZA) approved investments amounting to P32.057 billion in the first half of 2021, 8.52% more than the P29.541 billion approved year-on-year.

The investments came from 119 new and expansion projects, higher by 5.31% compared to the 113 projects in 2020, PEZA said in a statement.

Majority of the investments came from Japan, South Korea, India, Hong Kong, China, Germany, Austria, France, Canada, and the United States.

Region IV is the top investment destination with P10 billion, followed by Regions VII and XI, and the National Capital Region.

For June alone, the PEZA Board approved 62 new projects. Of these, 22 are information and technology enterprises, 20 export manufacturing enterprises, 13 facilities, and seven economic zone development projects.

“These projects are essential especially as we continue to go back to our vibrant and booming economy,” PEZA director general Charito Plaza said in a statement.

PEZA exports for the period January 1 to May 31, 2021 amounted to US$24.781 billion with 1.605 million generated employment. This represents growth in exports of 23.35% and employment of8.58% compared to the same period last year.

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