The Philippine Economic Zone Authority (PEZA) has registered 73 new and expansion projects, valued at P29.955 billion investments as of April 19.
In a statement, Panga said total approved projects year-to-date will generate annual exports of $1.09 billion and 14,812 direct employment.
The approved projects are in export manufacturing, information technology-business process management, facilities, logistics, domestic market, and ecozone development, which are mostly located in Calabarzon, Metro Manila, Bicol, and Central Luzon, Cebu, Davao and Cagayan de Oro.
In April alone, PEZA approved 23 new and expansion projects worth P15 billion investments. These projects are also anticipated to generate US $69.778 million worth of exports and provide 3,254 Filipino jobs.
These 23 projects encompass various types of industries, namely: 8 export manufacturing, six IT-BPM, 2 facilities, 1 logistics, and 6 ecozone development.
The approved new and expansion projects are located mostly in the National Capital Region, followed by CALABARZON and Central Luzon, while others are located in the Bicol, Central Visayas, and Davao regions, respectively.
