Investments registered with the Philippine Economic Zone Authority (PEZA) jumped 332 percent to P97.16 billion in the first seven months of the year, from the P22.5 billion investments approved in the same period in 2022, the agency said in a report.
The PEZA Board approved in July 31 a total of P16.58 billion investments coming from 15 new and expansion projects that are expected to generate $419.5 million in exports and create 2,983 jobs.
Tereso Panga, PEZA director-general, also announced the proclamation of additional three new economic zones (ecozones).
On July 25, Panga said, the Office of the President released Proclamation Nos. 299, 300 and 303 which approve the creation of ecozones in Naga City, Bacolod City and Dumaguete City.
Proclamation No. 299 designated several parcels of land in Barangay Carolina, Naga City, to be known as Naga City Industrial Park.
Proclamation Nos. 300 and 303 designated buildings as information technology (IT) centers in Barangay Mandalangan, Bacolod City, to be known as Lopue’sMandalangan IT Center, and in Barangay Piapi, Dumaguete City, to be known as Marina Town Dumaguete.
To date, there are a total of six PEZA ecozones pending for proclamation by the President.
These ecozones will be developed in Parañaque City (IT center); Pasig City (IT center); Tanza, Cavite (manufacturing); Ilocos Sur (manufacturing) and Sarangani province (agro-industrial).
