PEZA investment pledges reach P31 B in 8 months

Investment pledges approved by the Philippine Economic Zone Authority (PEZA) in the first eight months this year reached P31.1 billion, boosted by Japanese investment contribution that account for the biggest share at 26 percent.

For the January-August period this year alone, Japanese ecozone investments account for 26 percent share or P8 billion out of total P31.129 billion approved by PEZA. For the first seven months this year, Japanese firms exported a total of $10.215 billion with total employment of 350,486.

To date, PEZA has registered 903 locator companies with Japanese equity generating a total investments of P735.9 billion and providing employment to 350,486 Filipinos.

As per the JBIC 2021 survey, the Japanese investors chose the Philippines as “base of export to Japan”, and received the most votes on “good performance of sales in the ASEAN region.”

Source: Manila Bulletin

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