{
  "id": 12418157,
  "title": "PEZA races toward P300 billion goal as investments surge in 9 months",
  "url": "https://urgent.news/2026/10/06/peza-races-toward-p300-billion-goal-as-investments-surge-in-9-months",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-06T16:00:00.000Z",
  "source": {
    "name": "Philippine Star Business",
    "slug": "philippine-star-business",
    "url": "https://www.philstar.com/business/2026/10/07/2561358/peza-races-toward-p300-billion-goal-investments-surge-9-months"
  },
  "original_language": "en",
  "account": "The Philippine Economic Zone Authority (PEZA) is on track to reach its ambitious P300-billion investment goal for the year, as approvals surged by 92 percent from January to September. In a recent statement, PEZA reported approving P297.14 billion in investments during the same period, compared to P154.70 billion during the same period last year. This year's investments are projected for 222 projects, which are anticipated to generate $8.95 billion in exports and create 33,331 direct jobs. The approved investments span various sectors, including manufacturing, information technology-business process management, logistics, domestic market activities, ecozone development, facilities, tourism, and utilities. Taiwan led foreign investments, followed by the Netherlands, South Korea, Singapore, and Indonesia, indicating a diverse international investor base. September alone saw P80.68 billion in investments, a 65 percent increase from P48.87 billion in September 2022. These September investments are for 26 projects expected to yield $2.34 billion in exports and generate 6,292 direct jobs. The five most significant projects in September, combined, have investments totaling P77.62 billion and cover areas such as shipbuilding, photovoltaic manufacturing, real estate, bioethanol production, and electronics manufacturing. These projects will be situated in Tarlac, Cavite, Batangas, and Negros Occidental. PEZA Director General Tereso Panga attributes the recent investment approvals to growing investor confidence in the country. The recent significant deal in the Philippines-European Union free trade agreement is anticipated to open new investment opportunities and create more jobs. PEZA also expects the Philippines' expanding international economic partnerships to bolster its appeal as a preferred destination for future investments, encompassing advanced manufacturing, semiconductors, electronics, and aerospace. With P300 billion in investments within reach, PEZA remains committed to surpassing its previous record of P311 billion under the Aquino administration, given that there are still three months left in the year. Last year, PEZA approved a total of P261 billion in investments.",
  "summary": "The Philippine Economic Zone Authority is close to hitting its P300-billion investment target for the year as investment approvals surged by 92 percent from January to September.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}