The Philippine Economic Zone Authority (PEZA) Board has approved on March 11, 2021 a total of 33 projects, which will bring about PhP 13.19 Billion investments and generate 2,447 employment in host areas of the ecozones.
Among the total 33 Board-approved projects, 29 will be located in Luzon while the remaining four will be located in Visayas and in Mindanao.
For the 30 projects of registered business enterprises, 12 are for export projects, 11 are for IT projects, five (5) are for facilities, one (1) for logistics and one (1) for utilities. Meanwhile, the other three (3) projects are for ecozone development projects which sums to 33 projects in total.
The 33 projects cover the February to March 2021 applications to PEZA and approval by the Board.
According to PEZA Director General Charito “Ching” Plaza, “We thank our locator companies for continuously trusting PEZA and for believing the potentials that the Philippines have despite the onslaught of this current pandemic crisis. PEZA indeed continues to implement its brand of excellence, one-stop-shop and continued operations albeit observing strict health and safety protocols for the safety of all”
“The approval of new projects and investments is the agency’s positive action to continuously support the Philippine economy in our endeavor to maintain our competitiveness for investments despite the impact of COVID-19,” noted Plaza.
“We at PEZA are doing our best to become part of the solution during these trying times. We will continue to turn the threats into opportunities and help the Philippines achieve its goal of becoming an investment haven in Asia and around the globe,” noted Plaza.
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Stay updated with news and information from the Philippine Economic Zone Authority by visiting their website at peza.gov.ph.
