The Philippine Economic Zone Authority (PEZA) Board has approved a record-high PHP30.15 billion in investments during its first Board meeting in January 23 this year, up by 1,263 percent from the PHP2.212-billion in January 2024.
In a recent statement, Department of Trade and Industry (DTI) Secretary and PEZA chair Ma. Cristina Roque said their Board approved 12 new and expansion projects, including five export manufacturing ventures, four Information Technology-Business Process Management projects, and three domestic market projects strategically located across Metro Manila, Calabarzon, Central Luzon, and Central Visayas.
PEZA Director General Tereso Panga said these projects are expected to generate USD32.177 million in exports and create 3,270 direct jobs. “This is a bright and promising welcome for 2025. The strong growth in our investment performance for January underscores our commitment to meet our 2025 target of PHP235-250 billion in investments. It is an encouraging sign that we are on the right path to success,” he noted.
Panga said the United Kingdom is the leading source of investments this month, adding that investments from key international markets such as the United Kingdom, China, the Netherlands, Australia, and Malaysia also went up.
“This is a testament to the versatility of the PEZA ecosystem, catering to both local and international markets. The approved projects will not only strengthen our export sector but also generate substantial local employment, further fostering inclusive growth,” Roque pointed out.
Among the approved projects, PEZA said two major ventures account for PHP29.014 billion in investments. A domestic market enterprise will invest almost PHP28 billion in its beverage production and distribution facility in Tarlac City.
Another significant project, focused on energy storage systems, will invest more than PHP1.2 billion in the Mactan Economic Zone.
“This major domestic market project will play a crucial role in strengthening Tarlac’s manufacturing and commercial hub. It aligns with our commitment to expanding regional investment opportunities and supporting the country’s broader economic goals,” Panga said.
“Our strategy to secure such large-scale investments is not just about driving growth in specific regions. It is also about positioning the Philippines as a premier investment destination, making a lasting impact on the economy and providing benefits to communities nationwide,” he added.
PEZA eyes a 9- to 10% increase in its investment targets and a 5% target for both export revenues and employment this year. (PNA)
