DIRECTOR-GENERAL Charito B. Plaza said the Philippine Economic Zone Authority (PEZA) approved a total of P268.364 billion worth of proposed investments during the first 365 days of President Rodrigo R. Duterte’s term, generating direct employment of 73,043 positions as of the end of April, the latest date for which data were available.
The first-year approvals cover 564 projects, PEZA said in a statement.
PEZA enterprises generated exports worth $42.103 billion between July 1, 2016 and April 30, 2017.
Ms. Plaza said investor confidence in the Philippines remains high, noting that new sources of investment are emerging like the Middle East and China.
