Peza bullish for 2023 as January investments grow 84%

The Philippine Economic Zone Authority (Peza) on Wednesday said P6.39B worth of investments were approved during its first board meeting in 2023, signaling a strong start for the investment promotion agency this year.

Peza officer in charge and Director General Tereso Panga said this is higher by 83.69 percent compared with the P3.48B approved in the same period in 2022.

“With the positive start of the year, we are bullish with our outlook this year, targeting a 10 percent investment growth based on the initial locator sector targets,” the Peza official said in a statement

Panga said further that these comprise 19 projects of ecozone locators, developers and operators.

Of the…

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