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The Philippine Economic Zone Authority on Thursday reported it has approved P36.827 billion worth of investments in the first five months of 2024.In a statement, PEZA said the approved investment commitments, encompassing 95 new and expansion projects, are projected to generate $1 billion of exports and create 19,000 direct employment.
For May, PEZA approved 22 new and expansion projects with investment worth P6.872 billion.The approved projects in May are seen to generate $100.806 million in exports and create 4,616 direct employment.The 22 projects are composed of 19 locator companies and three ecozone developers.Export manufacturing takes the lion's share with 10 projects, followed closely by nine in IT-BPM, two in domestic markets, and one focusing on facilities development.
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