MANILA  -The value of new investments approved by the Philippine Economic Zone Authority (Peza) from January to November grew by more than twofold, reaching P140.884 billion in total as the investment promotion agency moves closer to its annual target.

Data from the Peza released Wednesday night showed it was only P13.82 billion away from its full-year 2023 target of P154.77 billion after recording a growth rate of146.95 percent for the 11-month period.

“With two more board meetings to go, we will surpass our targets for the year with flying colors,” Peza Director General Tereso Panga said during his presentation at the agency’s investors’ night in Pasay City.

Read more:
https://business.inquirer.net/433348/peza-approved-investments-rise-more-than-twofold-from-jan-to-nov

Published : 5-Dec-2023