The Philippine Economic Zone Authority (Peza) reported a remarkable surge in investments for April, totaling P63.9 billion. This marks an increase of 1,296.65% compared to the previous year, bolstering hopes of reaching the agency's P300 billion investment target for 2026.
This investment approval encompasses 26 projects, including five major initiatives that account for P60.02 billion. These projects involve two electronics and semiconductor manufacturing facilities, an economic zone development in Tarlac, a facilities enterprise in Iloilo, and two tourism expansion projects located in Baguio, Clark, and Cebu.
Peza is optimistic about sustaining this positive growth trend in the second quarter. Director General Tereso Panga emphasized the agency's commitment to creating an environment conducive to both new and expanding businesses.
As we move into the second quarter, we remain optimistic that we will sustain our positive growth trajectory and provide a conducive environment for both new and expanding enterprises to thrive.
Tereso Panga, Peza Director General
From these investments, Peza anticipates generating approximately $1.7 billion in export revenues and creating 7,621 direct jobs, further contributing to the Philippine economy.