THE Philippine Economic Zone Authority (Peza) secured P30 billion in investments during its first board meeting in January.
Peza approved 12 new and expansion projects that are expected to generate US$ 32.177 million in exports and create 3,270 direct jobs.
These projects span multiple sectors, including five export manufacturing ventures, four information technology-business process management projects and three domestic market projects. They are strategically located across Metro Manila, Calabarzon, Central Luzon and Central Visayas.
Among the approved projects, two major ventures account for P29.014 billion in investments.
One involves a domestic market enterprise investing nearly P28 billion in its beverage production and distribution facility in Tarlac City. Another significant project, focused on energy storage systems, is investing more than P1.2 billion in the Mactan Economic Zone in Lapu-Lapu City.
The January approvals marked a 1,263 percent increase from the P2.212 billion investments approved in January 2024.
According to Peza Director General Teresa Panga, the strong growth in investment performance for January underscored the agency’s commitment to meet its 2025 target of P235-250 billion in investments.
Peza eyes a nine to 10 percent increase in its investment targets for the year and a five percent target for both export revenues and employment in line with the growth targets of industries for 2025. / KOC