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The Philippine Economic Zone Authority said Monday it approved P30 billion worth of investments as of April 19, 2024.
“PEZA’s approved projects will result in mutualistic benefits for international relations and continually champion the Philippines as Asia’s premier investment destination,” Panga said. The projects span various sectors including export manufacturing, IT-BPM, facilities, logistics and ecozone development.Majority of the projects are located in CALABARZON, Metro Manila, Bicol and Central Luzon, with some in the Visayas and Mindanao.
Meanwhile, PEZA included renewable power and waste water treatment as mandatory requirement for new economic zone applications.“This is now the eco-zone model we are promoting. Locator companies are now demanding that they should see all these elements in the economic zone. We need to develop self-sustaining economic zones,” he said at the sidelines of the two-day forum on eco-industrial parks at the PEZA office in Pasay City.
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