The Philippine Economic Zone Authority (PEZA) started this year with P30 billion in approved investments in the country’s ecozone, the investment promotion agency reported on Monday.

According to PEZA, the first Board Meeting of the year, held on 23 January, approved P30.156 billion in investments, a 1,263 percent increase compared to the P2.212 billion approved in the same period last year.

“This is a bright and promising welcome for 2025. The strong growth in our investment performance for January underscores our commitment to meet our 2025 target of P235-250 billion in investments. It is an encouraging sign that we are on the right path to success,” said PEZA Director General Tereso Panga.

PEZA Board chairperson, Trade Secretary Cristina Roque, approved a total of 12 new and expansion projects for January 2025, expected to generate $32.177 million in exports and create 3,270 direct jobs.

These projects span multiple sectors, including five export manufacturing ventures, four IT-BPM projects, and three domestic market projects. They are strategically located across Metro Manila, CALABARZON, Central Luzon, and Central Visayas.

“This is a testament to the versatility of the PEZA ecosystem, catering to both local and international markets. The approved projects will not only strengthen our export sector but also generate substantial local employment, further fostering inclusive growth,” Roque said.

Records showed that investments from key international markets such as the United Kingdom, China, the Netherlands, Australia, and Malaysia have surged, with the United Kingdom emerging as PEZA’s leading investor for January.

Big-ticket projects

Among the approved projects, two major ventures account for P29.014 billion in investments.

One standout project involves a domestic market enterprise investing nearly P28 billion in its beverage production and distribution facility in Tarlac City.

Another significant project, focused on energy storage systems, is investing more than P1.2 billion in the Mactan Economic Zone.

“This major domestic market project will play a crucial role in strengthening Tarlac’s manufacturing and commercial hub. It aligns with our commitment to expanding regional investment opportunities and supporting the country’s broader economic goals,” Panga noted.

He added, “Our strategy to secure such large-scale investments is not just about driving growth in specific regions. It is about positioning the Philippines as a premier investment destination, making a lasting impact on the economy, and providing benefits to communities nationwide.”

Bullish on the various opportunities the country is expected to leverage, PEZA eyes a 9-10 percent increase in its investment targets for the year and a 5 percent target for both export revenues and employment, in line with the growth targets of industries for 2025.