The Philippine Economic Zone Authority (PEZA) said it has surpassed its 2022 target, recording P140.7 billion worth of investments from January to December.
THE Philippine Economic Zone Authority said it has surpassed its 2022 target, recording P140.7 billion worth of investments from January to December.
PEZA said the 13 new and expansion projects which were approved last December 15 by the PEZA Board, presided over by Trade Secretary Alfredo E. Pascual, are expected to bring in P83.65 billion in investments. The investment promotion agency said these investments came from Japan, Singapore, Netherlands, United Kingdom, USA, India, South Korea, the Republic of China, the British Virgin Islands, and Taiwan.
Based on the data trend presented by PEZA from 2018 to 2022, the investment approvals for 2022 have exceeded its four-year annual performance with P140.2 billion recorded in 2018.
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