THE Philippine Economic Zone Authority (Peza) board has approved a total of 10 projects in the Visayas and Mindanao region, five of which are located in Central Visayas.
Peza on Friday, July 10, approved a total of 50 new projects, which will bring about P22.5 billion in investments and generate 8,917 jobs in the country.
Of the 50 approved projects, 16 are for export, 15 are for information technology enterprises, seven for facilities enterprises and two for logistics.
The remaining 10 projects are for new ecozone development.
Peza said majority of the investors are Filipinos while others are Japanese, American, Australian and Chinese, among others.
Forty percent of these new projects will be located in Luzon while six will be located in the Visayas and four will be in Mindanao.
“The approval of new projects and investments is the agency’s positive action to continuously support the Philippine economy in our endeavor to maintain our competitiveness for investments despite the impact of Covid-19,” Peza Director General Charito Plaza said.
Peza said of the 50 new projects, 33 new projects have been approved for ecozone enterprises. The projects are newly approved investment activities in existing or operating locator companies.
These new projects will generate a total of P 13.8 billion in investments and create 7,116 new jobs.
The remaning 17 new projects have been approved for ecozone development, bringing in P8.7 billion in investments and generating 1,801 new jobs.
“Covid-19 cannot stop Peza in performing its mandate to register, manage and operate public and private economic zones in the country. Peza continues to attract investors to come and invest in the Philippines despite the crisis,” Plaza said.
From the start of the year until May, Peza has created a total of P29.54 billion in investments and approved a total of 113 projects.
Peza’s locator companies employ 1.6 million workers and generated $4.362 billion in exports as of January 2020. (JOB with PR)