PEZA opens 2021 strong

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    The Philippine Economic Zone Authority (PEZA) opened 2021 strong registering P11.31 billion worth of investments in January.

    At the State of the PEZA Address yesterday, the agency’s director-general Charito Plaza reported 24 projects were registered last month which upon commercial operations will generate 5,601 jobs.

    Plaza said PEZA attracted 20 new locator enterprises. Four of the registered projects are in ecozone development.

    Last month’s approved investments represent a 139-percent increase from P4.7 billion approved in January 2020.

    But to date, 359 of ecozone locators remain closed affecting 316,165 workers.

    “This year will be a revival,” said Plaza, referring to the 13-percent decline in investment registrations of P95 billion in 2020 from P109 billion in 2019.