The Philippine Economic Zone Authority (PEZA) is on track to approve at least P250 billion in investments for 2025, potentially reaching as high as P300 billion, director-general Tereso Panga said Monday.
He said that as of the agency’s Dec. 12 board meeting, approved investments totaled P238 billion, requiring just P12 billion more to hit the P250-billion target.
Panga, speaking on the sidelines of PEZA’s 30th anniversary celebration, expects to meet or exceed the goal, noting that applications are still coming in for the last board meeting on Dec. 22.
“We’re now at P238 billion. That means we’re P12 billion short to hit the P250. But we’re still getting applications and many of them want to be approved in our last board meeting on Dec. 22,” Panga said.
At least four projects are scheduled for approval in the final board meeting of the year, with a possibility of more if additional applications are completed on time, he said.
The majority of the incoming projects are in the manufacturing sector, including several large investments from new locators, such as firms from the United States and Japan.
