Significant growth year-on-year: The approved investments represent a 43.06-percent increase from November 2023 and a 14.7-percent increase compared to the total 2023 investments of P175.71 billion.
New and expansion projects: From January to November 2024, Peza approved 239 new and expansion projects, expected to generate over $3.9 billion in exports and create over 70,000 direct jobs.
November 2024 board approvals: 41 new and expansion projects worth P77.79 billion were approved in November 2024, seen to generate $831.019 million in exports and create 9,957 direct jobs.
Regional investment distribution: Approved projects are spread across Calabarzon, Central Visayas, and Region 3, emphasizing economic growth in provinces like Batangas, Laguna, Cebu, Cavite, Rizal, Pampanga, and Negros Oriental.
CREATE MORE Law boost: The enactment of the CREATE MORE law and the recent S&P credit ratings have strengthened Peza’s global investor engagement efforts, attracting interest from non-traditional regions like the Middle East and Africa.
Outlook: Peza’s leadership expects sustained growth, driven by investor confidence, the government’s policy direction, and the continued promotion of the Philippines as a top investment destination in Southeast Asia.
