23% drop in PEZA investment approvals from Jan-May 2024, with P36.83bn approved compared to P48.03bn in 2023.
The Philippine Economic Zone Authority (PEZA) reports a 23% drop in investment approvals from Jan-May 2024, with P36.83bn approved compared to P48.03bn in the same period in 2023. Despite the decline, the approved investments are projected to generate over $1bn in exports and create 19,000 direct jobs. In May, PEZA approved 22 projects worth P6.87bn. The organization plans to achieve P202bn-P250bn worth of investments in 2024.
June 06, 2024
4 Articles