Investments registered with the Philippine Economic Zone Authority (PEZA) rose 154 percent in the first five months of 2023 to P48 billion from P19 billion in the same period in 2022.
In a press statement, PEZA said in May alone, PEZA Board approved 20 new and expansion projects with a combined investments of P15 billion.
Of the 20, 11 are into export manufacturing, seven are in information technology and one each are in facilities and ecozone development.
These projects will be located in Makati, Pasig, Taguig, Baguio, Pampanga, Cavite, Batangas, Laguna, Cebu, Iloilo, and South Cotabato.
PEZA pre-qualified for approval by the Fiscal Incentives Review Board an P11.63-billion project for the manufacture of solar wafer cells with Maxeon 7 technology in Sto. Tomas, Batangas.
These projects are expected to generate about $293.55 million exports and create 4,480 direct jobs. – Irma Isip
