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Investments in Philippine Economic Zones Surge by 90% in the First Four Months

Investments in Philippine Economic Zones Surge by 90% in the First Four Months

Investments in Philippine economic zones surged by 90% in the first four months. Find the best immigration news on the Worldway Immigration official website.

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According to a report by the Philippine Daily Inquirer on June 6, the Philippine Economic Zone Authority (PEZA) stated that, driven by economic improvements, investments registered with PEZA in the first four months of this year surged by 74% to 74 billion pesos. These investment commitments primarily originated from the expansion of existing enterprises and 19 billion pesos in tourism projects. PEZA aims to attract 1.1 trillion pesos in committed investments between 2011 and 2016, having already achieved half of this goal. Director General De Lima stated that these investments include both new ventures and production expansions, with a notable influx of Chinese food companies investing in the Philippines this year.

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