Wednesday, June 7, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business

PEZA-approved investments grew 83% to P6.4b in January

Othel V. CamposbyOthel V. Campos
February 1, 2023, 6:50 pm
in Business, Economy & Trade
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

Investment pledges approved by the Philippine Economic Zone Authority climbed 83.69 percent in January to P6.39 billion from P3.48 billion a year ago as more locators plan to expand their facilities and ramp up operations in the country.

PEZA acting director-general Tereso Panga said the board approved the investments in its meeting in the last week of January.

“With the positive start of the year, we are bullish with our outlook this year, targeting a 10-percent investment growth based on the initial locator sector targets,” said Panga.

The PEZA board approved a combination of 18 new and expansion projects with investments totaling P2.27 billion. These include 11 export manufacturing enterprises, four facilities enterprises, two IT enterprises and 1 domestic market enterprise.

It also approved an economic zone development project valued at P 4.12 billion.

These projects will be located in PEZA-accredited establishments in Makati City and Pasay City and within the economic zones of CALABARZON, Cebu City and South Cotabato.

Panga said PEZA aimed to strengthen the implementation of the economic zones development program with the launch of the new Philippine Development Plan 2023-2028 on Jan. 30, 2023.

“With the inclusion of the ecozone development program in the new Philippine Development Plan, we are positive that more ecozones will be approved and created especially in the countryside. Ecozones can be shields to soften the landing of the headwinds, the external constraints, and all these global disruptions happening especially during this time. Ecozones can be economic drivers to accelerate economic recovery and growth,” he said.

Philippine Chamber of Commerce and Industry president George Barcelon underscored the ease of doing business in economic zones, and how it correlates to the country’s ability to attract investments.

“I think our solution is for the local government to have the DNA of PEZA. If you talk about growth [and] inclusivity for the country, the growth should be throughout the Philippines, and I think the local government plays a key role in making things easy for people to want to invest in the area of their jurisdiction,” Barcelon said.

Under the PDP 2023-2028, PEZA is tasked to expedite the implementation of the economic zone transformation roadmap.

“More than ever, we commit to strengthening our investment promotion and facilitation efforts by remaining true to our mandate and aggressively promote the Philippines as an investment haven in Asia,” said Panga.

Tags: investment pledgesPEZAPhilippine Economic Zone Authority
ADVERTISEMENT
Othel V. Campos

Othel V. Campos

Related Posts

YOU, Go, Girls!

byManila Standard Digital
June 7, 2023, 10:00 am
0
8
YOU, Go, Girls!

Unleashing the Potential of Women through the Elevate AIDA Project

Read more

VITARICH CORPORATION: Annual General Meeting of the Stockholders

byManila Standard
June 7, 2023, 6:00 am
0
8
Vitarich signs deal to acquire poultry company for P45m

TO ALL STOCKHOLDERS: Please be informed that the Annual General Meeting of the Stockholders of VITARICH CORPORATION (The "Corporation") will...

Read more

DOE wants ‘just’ transition to renewables

byAlena Mae S. Flores
June 6, 2023, 8:55 pm
0
8
Lotilla resigns as AboitizPower director after his appointment as DOE secretary

Energy Secretary Raphael Lotilla said Tuesday a green transition for the Philippines should neither add to public burden nor compromise...

Read more

PH set to start mango exports to Australia

byOthel V. Campos
June 6, 2023, 8:50 pm
0
8
Study: PH, Japan have $49-b untapped trade potential

The Philippines is set to start shipping carabao mangoes to Australia this month, the Philippine Embassy in Canberra said in...

Read more

PH expected to grow faster than regional peers—NEDA

byJulito G. Rada
June 6, 2023, 8:45 pm
0
8
Covid lockdowns shut China delivery workers out of their homes

National Economic and Development Authority Secretary Arsenio Balisacan asked Israeli businessmen to invest more in the Philippines which is expected...

Read more

DOTr opens public bidding for P5.24-b procurement of car, motorcycle plates

byDarwin G. Amojelar
June 6, 2023, 8:40 pm
0
8
MRT-7 seen to start partial operations in 2022

The Department of Transportation said Tuesday it is bidding out the procurement of motorcycle and car plates worth P5.24 billion...

Read more

Print Edition

View More

Recent Posts

  • Iran reopens long-shut Saudi embassy, confirming detente
  • CIA knew of Ukraine plan to blow up Nord Stream pipeline: report
  • PHILCONSTRUCT Visayas 2023 returns to Cebu this June
  • 5 killed in Angola during fuel price protests
  • YOU, Go, Girls!
  • Four dead, dozens injured in Haiti quake
  • TVJ finds new home in TV5
  • Ukraine evacuates thousands after key dam destroyed

Advertisement

Latest News

Four dead, dozens injured in Haiti quake

byAFP
June 7, 2023, 10:00 am
0
8
Southwoods nails Seniors’ Fil golf crown

Port-Au-Prince, Haiti - An earthquake shook parts of western Haiti on Tuesday, killing at least four people and injuring three dozen...

Read more

TVJ finds new home in TV5

byPatricia Bianca S. Taculao
June 7, 2023, 9:54 am
0
8
TVJ finds new home in TV5

After bidding their emotional farewells as hosts of the noontime show Eat Bulaga in GMA, the iconic and comedic trio...

Read more

Ukraine evacuates thousands after key dam destroyed

byAFP
June 7, 2023, 9:00 am
0
8
Southwoods nails Seniors’ Fil golf crown

Kherson, Ukraine - An attack on a major Russian-held dam in southern Ukraine on Tuesday unleashed a torrent of water that...

Read more

Ukraine nuke plant safety at stake after dam damage

byAFP
June 7, 2023, 8:00 am
0
8
Southwoods nails Seniors’ Fil golf crown

Vienna, Austria - While there is "no immediate nuclear safety risk," the UN nuclear watchdog is exploring options to get water...

Read more

VITARICH CORPORATION: Annual General Meeting of the Stockholders

byManila Standard
June 7, 2023, 6:00 am
0
8
Vitarich signs deal to acquire poultry company for P45m

TO ALL STOCKHOLDERS: Please be informed that the Annual General Meeting of the Stockholders of VITARICH CORPORATION (The "Corporation") will...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App