Investment approvals to hit P215B, says PEZA

THE Philippine Economic Zone Authority expects to approve P215 billion in investments this year with an additional P13 billion set to be green-lit today.Up for approval during the Dec. 17 board meeting are economic development projects worth P7.07 billion and local projects totaling 6.38 billion,

Director General Tereso Panga. said that P215 billion in approvals would be the highest since 2017's P237 billion and would also be a 9-percent increase from last year's P175.7 billion.Panga said that they were targeting to hit P235-P250 billion in approvals next year, mostly from manufacturing, electronics and information technology companies.Other sectors that could drive growth next year include agro-processing, food manufacturing, and green mineral processing.

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