Investment approvals up 19.25% for Jan.-March period —PEZA

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PEZA saw its total approved investments grow by mid-double digits as if the middle of March this year.

The Philippine Economic Zone Authority saw its total approved investments grow by mid-double digits as if the middle of March this year.At the Saturday News Forum in Quezon City, PEZA Director General Tereso Panga said that the agency’s approved investments totaled P14.951 billion from January up to the middle of this month.The amount is higher by 19.25% compared to the P12.537 billion in investments approved from January to March 2023.

“These investments are predominantly by our electronics companies, IT-BPM ,” the PEZA chief said.“We see some investments from metal industry and transport. We also see some investments from the entry of the electric vehicles,” he added.Panga said the growing investment approvals as of the first three months of the year signifies the Marcos administration’s commitment to attract more investments to further boost the economy.

 

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