PEZA Investments Hit P32B In H1

The Philippine Economic Zone Authority (PEZA) bared that economic zone investments approved for the period of January 1 to June 30, 2021, amounted to PhP 32.057 Billion which is 8.52% higher compared to last year’s approved investments worth PhP 29.541 billion.

Photo Insert: PEZA buildings in Mandaluyong

These investments came from 119 new and expansion projects and showcased a considerable growth of 5.31% compared to 113 in 2020, according to Director General Charito “Ching” B. Plaza

The PEZA Chief said, “PEZA remains true to its mandate of promoting investments, creating employment, generating exports, and attaining total economic development in our country as we maintain and implement strict COVID-19 protocols and guidelines in our ecozones. We will continue to transform challenges into opportunities so we can ceaselessly serve our Filipino people, our partners, locators, and investors.”

These investments came from 119 new and expansion projects and showcased a considerable growth of 5.31% compared to 113 in 2020.

Meanwhile, the actual exports for the period of January 1 to May 31, 2021, amounted to US$ 24.781 Billion with 1,604,877 generated employment. Compared to the same period in 2020, PEZA showcased a 23.35% growth for exports and an 8.58% increase in employment.

The majority of the investments came from various countries such as Japan, South Korea, India, Hong Kong, and China. Western countries also include Germany, Austria, France, Canada, and the United States of America.

In terms of regions in the Philippines where the investments will be located, the top-performing region is Region IV with PhP 10.010 Billion, followed by Regions VII, XI, and NCR.

PEZA continues its advocacy in promoting the creation of special economic zones particularly in the countryside by identifying and transforming idle lands into ecozones to help accelerate economic and employment development in the Philippines.

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