PEZA surpasses P200-B investment approvals
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NewsTranscript
00:00The Philippine Economic Zone Authority, or PESA, approved Php 201.55 billion in investments,
00:07exceeding its Php 200 billion target for the year.
00:11This is a 43 percent increase compared to the same period in 2023 and a 14.7 percent
00:18rise from 2023's year-end total.
00:22PESA approved 239 new and expanded projects expected to generate over Php 3.9 billion
00:30in exports and create over 70,000 jobs.
00:33In November alone, 41 projects were approved with investments of Php 77.794 billion expected
00:42to produce Php 831 million in exports and more than 30,000 jobs.
00:49PESA Director General Teresa Panga highlighted strong investors' confidence due to government-supportive
00:55policies.