THE Philippine Economic Zone Authority said it approved P36.827 billion in investments from January to May 2024, a 23.32-percent decline from the P48.027-billion investments approved in the same period last year.
In May 2024 alone, the Peza Board said it approved 22 new and expansion projects expected to bring in P6.872 billion worth of investments. The 22 projects that were approved in May 2024 encompass various industries, with 19 locator companies and three ecozone developers. Meanwhile, Peza noted that direct employment “flourished significantly” compared to the same period last year as it registered a 62.59-percent increase. This, Peza said, reflects the agency’s “commitment to generating meaningful employment opportunities for Filipinos.”