PEZA investment approvals hit P63.5 billion

April 30, 2025 | 12:00am

MANILA, Philippines — Investments approved by the Philippine Economic Zone Authority (PEZA) more than doubled from January to April amid continued efforts to position the country as a competitive investment destination.

In a statement yesterday, PEZA said it has approved P63.52 billion worth of investments from January to April, 112 percent higher than the P29.96 billion booked in the same period last year.

The approvals in the first four months covered 86 projects, higher than the 73 projects in the same period in 2024. These projects are expected to create 24,920 jobs.

According to PEZA, South Korea was the top source of investments as it accounted for P10.45 billion.

Other major sources of investments were the United States, China, Japan, Hong Kong and Singapore.

“This indicates the FDI (foreign direct investment) flows that ecozones are reaping from the country’s newly signed FTA (free trade agreement) with South Korea and the emerging China+2 strategy in the region,” PEZA said.

For April alone, investments approved by PEZA during its board meeting in Baguio plunged by 69.5 percent to P4.58 billion from

P15 billion in the same month last year.

The approved investments in April are for 20 projects, which are expected to provide more than 9,000 jobs and over $300 million worth of exports.

Of the 20 projects, seven are in export manufacturing, five in information technology - business process management, four in facilities, two in utilities, one in logistics and one for the domestic market.

The projects are located in the National Capital Region, Cordillera Administrative Region, Central Luzon, Calabarzon and Central Visayas.

Coinciding with the PEZA’s Board meeting, the investment promotion agency signed a supplemental agreement with MOOG Controls Corp. for a new facility in Luisita Industrial Park in Tarlac.

MOOG, which is one of the locators of the Baguio City Economic Zone, is engaged in the manufacture and assembly of components and actuators for aircraft and industrial applications.

The company has invested over P4 billion and provided jobs to more than 1,500 Filipino workers.

Amid global uncertainties on trade policies and supply chains, PEZA director general Tereso Panga said the investment promotion agency has been receiving more queries about the country and welcoming several inbound delegations exploring investment opportunities within the ecozones.

“We are bullish that more investors will look at the Philippines for the expansion or even transfer of their offshore operations in the coming months,” he said.

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