The Philippines is enjoying a surge of investment pledges in the Philippine Economic Zone Authority (PEZA) with a 249% jump in the first quarter of 2025, according to a Philippine News Agency (PNA) news article. The surge is expected to create many new jobs.
To put things in perspective, posted below is an excerpt from the report of the PNA news article. Some parts in boldface…
Investment pledges in the Philippine Economic Zone Authority from January to March 2025 hit PHP58.95 billion, 249 percent higher than the PHP13.95 billion project registrations in the same period in 2024.
PEZA reported Wednesday that the pledges came from 66 projects that registered with the investment promotion agency (IPA) in the first quarter of the year.
These new and expansion projects are expected to generate 15,815 direct jobs and contribute an additional USD497.46 million to export revenues.
“PEZA’s continued upward trajectory reflects our strong commitment towards investment promotion and facilitation, coupled with our most generous fiscal incentives under the CREATE MORE, and the other advantages placing the Philippines in a sweet spot for economic growth and development,” PEZA Director General Tereso Panga said.
“PEZA continues to play a vital role in advancing the country’s economic resilience through sustained job creation, increased exports, and enhanced investment attraction,” he added.
Twenty-four projects that were registered with PEZA in Q1 2025 are manufacturing activities and another 24 are in information technology and business process management.
Ecozone development and domestic enterprises got seven projects each, while utilities and facilities activities registered two projects each.
A big chunk of PEZA-approved investment in Q1 2025 are for Calabarzon (32 projects), followed by National Capital Region (12), Central Luzon (eight), Central Visayas (eight), Davao Region (two), Ilocos Region (two), Northern Mindanao (one), and Western Visayas (one).
To date, PEZA approved PHP49.81 billion worth of big-ticket projects, or those with investments exceeding PHP1 billion.
For March alone, the PEZA board approved 27 projects with total investments of PHP6.01 billion.
Two big-ticket projects were also approved last month with aggregate pledges of PHP2.62 billion for a water treatment facility in Batangas and a coconut milk manufacturing facility in Misamis Oriental.
“We are bullish that we will sustain this upward trajectory coming into the 2nd quarter of the year as we intensify our investment promotion initiatives partnered with the CREATE MORE incentives, the most generous fiscal incentives among ASEAN to date,” Panga said.
Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the strong surge of investments in PEZA will continue to last throughout the year? Do you think the Philippine economy will grow beyond 6% this year?
You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.
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