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PEZA-approved investment pledges surge this year - BusinessWorld Online

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INVESTMENT pledges approved by the Philippine Economic Zone Authority (PEZA) more than doubled this year, thanks to several big-ticket projects.

INVESTMENT pledges approved

“With the big-ticket investments that were prequalified by the Board for endorsement to the FIRB , we were able to record a positive increase in investments in 2022.” Three of these projects are by ecozone developers while 10 are by ecozone locators such as export manufacturing and information technology service enterprises.

Philippine Chamber of Commerce and Industry President George T. Barcelon is hopeful the country will continue to attract more foreign investments next year. ect some of the investments that we will be expecting… Similar to North America, the recent increase in interest rates has put a halt to some of the optimistic projections for 2023,” he said.

 

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