The Philippine Economic Zone Authority said the amount of investments it approved in January to July jumped by more than fourfold from last year’s level.
According to the investment promotion agency, the investment approvals for the month of July alone are expected to generate $419.5 million in export receipts and create 2,983 jobs. On July 25, Peza said the Office of the President released Proclamation Nos. 299, 300, and 303 which approved the creation of three economic zones in Naga City, Bacolod City, and Dumaguete City.
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