PEZA Jan-April investment approvals up 72% to P109B

Title PEZA Jan-April Investment Approvals Soar 72% to P109B, Boosting
Boosting Job Creation and Exports

The Philippine Economic Zone Authority (PEZA) has announced a remarkable su
surge in investment approvals for the first four months of the year. As of 
April, PEZA has approved a staggering P109.43 billion in investments, repre
representing a significant 72.27% increase from the P63.52 billion recorded
recorded during the same period last year.

A Strong Start to the Year

April saw an astonishing 1,296.65% increase in investment approvals, with P
P673.9 billion worth of projects approved compared to P4.57 billion in Apri
April 2022. This remarkable growth is a testament to PEZA's efforts in prom
promoting the Philippines as a competitive investment destination.

Manufacturing Leads the Way

The January-April tally comprises 104 new and expansion projects, up from 8
86 last year. Manufacturing projects dominated the list at 42, followed by 
ecozone development (19), information technology-business process managemen
management (12), facilities (12), logistics (10), tourism (3), domestic (4)
(4), and utilities (2).

Regional Breakdown

By location, Luzon tops the list with 86 projects, followed by Visayas (15)
(15) and Mindanao (3). The Netherlands emerged as the top foreign investor 
country, followed by South Korea, Indonesia, Japan, and Taiwan.

PEZA Director General's Optimistic Outlook

PEZA Director General Tereso Panga emphasized that these figures reflect th
the agency's resilience in the face of global economic challenges. While w
we remain mindful of the prevailing global headwinds and supply chain press
pressures, the Philippines continues to offer a sense of stability for capi
capital. For our part, we are focused on ensuring that these investments tr
translate into steady, reliable opportunities for our employees and locator
locators, he said.

Ambitious Targets

PEZA is aiming for P300 billion in investment pledges by 2026, building on 
last year's record-breaking total of P260.89 billion. With the agency's eff
efforts to promote the Philippines as a competitive investment destination,
destination, it's no surprise that investors are taking notice. As Panga pu
put it, The rise in the number of approved investments emphasizes PEZA's p
pivotal role in catalyzing investment inflow and sustaining the country's e
economic momentum despite the current global volatility.

Conclusion

PEZA's remarkable performance in the first four months of the year is a tes
testament to the agency's commitment to promoting the Philippines as a prim
prime destination for investments. With manufacturing leading the way, and 
a strong regional presence, it's clear that PEZA is on track to achieve its
its ambitious targets. As we look to the future, it's exciting to think abo
about the opportunities that these investments will bring – not just in ter
terms of job creation and exports, but also in terms of economic growth and
and development.

Keywords PEZA, investment approvals, Philippines, manufacturing, ecozo
ecozone development, information technology-business process management, fa
facilities, logistics, tourism, domestic, utilities

Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.