THE Philippine Economic Zone Authority remains optimistic about achieving its 2024 investment target despite the drop recorded in the first semester.PEZA Director General Tereso Panga said on Wednesday that the investment target of around P250 billion remained in sight as they anticipate more trade and investments in line with a recent trilateral agreement between the United States, Japan and the Philippines.
As such, we remain hopeful that we will achieve this year our P200 to P250 billion in annual investments as we facilitate the big ticket projects of our prospective investors, both local and foreign,' Panga said.Investment pledges approved by the agency fell by 44 percent to P45.48 billion during the January-June period compared to P80.59 billion in the same months last year.The result represents around 18 percent of the agency's investment target.
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