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MANILA, Philippines – Approved investments under the Philippine Economic Zone Authority (Peza) surged to P15.41 billion in May, providing a significant boost to the agency’s investment pipeline after a slow start to the year.
Data released by Peza on Sunday showed the value of the 31 projects approved during the month was 446.89 percent higher than the P2.82 billion recorded in the same period last year.
READ: Peza keeps ’26 P300-B target despite 23% drop in Q1 investments
In terms of projected export value, May approvals rose 48.29 percent to $364.73 million.
