Peza recovers from slows Q1 with P63.9B in April approvals

MANILA, Philippines – Approved investments under the Philippine Economic Zone Authority (Peza) jumped by more than twelvefold to P63.9 billion in April, buoyed by big-ticket projects that raised the agency’s hopes of meeting its P300-billion annual target despite a sluggish first quarter. Data released by Peza on Friday showed that the April investment approvals, which covered 26 new projects, represented a 1,296.65-percent increase from the P4.76 billion recorded in the same month last year.  READ: Peza investments rise despite political noise These investment pledges remained driven by manufacturing ventures, topping the mix with 12 new projects, and are expected to […]...

Keep on reading: Peza recovers from slows Q1 with P63.9B in April approvals