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PEZA approved P12B investments in Jan.-Feb. 2024

 

PEZA approved P12B investments in Jan.-Feb.

By TED CORDERO, GMA Integrated News

Published February 20, 2024 11:44am

The Philippine Economic Zone Authority (PEZA) has approved over P12 billion worth of investment commitments during the first two months of 2024.

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In a statement on Tuesday, PEZA said it has given the thumbs up for P12.096 billion in investments in January to February this year, up 18.66% in the same period last year.

“The significant upswing in our investment performance within two months underscores our commitment to achieving our target of P250 billion investments for this year,” said PEZA Director General Tereso Panga.

So far this month, the investment promotion agency approved 16 projects, composed of nine ecozone enterprises, three IT enterprises, one domestic market, two ecozone logistics services, and one developer.

PEZA said the approved projects are expected to generate P9.884 billion in investments, create 2,243 direct jobs, and yield $591.476 million in exports.

 

The approved projects are located in the First Philippine Industrial Park II (FPIP II-SEZ), Daiichi Industrial Park (DIP-SEZ), Light Industry & Science Park III (LISP III-SEZ), Laguna Technopark (LT-SEZ), PHIVIDEC Industrial Estate - Economic Zone, Lima Technology Center (LTC-SEZ), Mactan Economic Zone II (MEZ II – SEZ), People Technology Complex (PTC-SEZ), 1 Nito Tower in Cebu City, Embarcadero De Legazpi in Legazpi City, Albay, Light Industry & Science Park IV (LISP IV – SEZ), and Hermosa Ecozone Industrial Park (HEIP-SEZ).

In January, PEZA greenlit P2.21 billion worth of 12 projects which are expected to $69.62 million worth of exports and 1,337 direct jobs. 

Broken down, the 12 projects were composed of seven ecozone export enterprises, four information technology enterprises, and one facilities enterprise. 

 –VAL, GMA Integrated News

 

PEZA OKs 12 projects worth P2.21 billion in January 2024

 

PEZA OKs 12 projects worth P2.21 billion in January

By TED CORDERO, GMA Integrated News

Published February 2, 2024 3:31pm
Updated February 2, 2024 3:30pm

The Philippine Economic Zone Authority (PEZA) approved P2.21 billion worth of new and expansion projects in the first month of 2024.

In a news release on Friday, PEZA said the 12 projects it green-lit would generate $69.62 million worth of exports and 1,337 direct jobs.

Broken down, the 12 projects were composed of seven ecozone export enterprises, four information technology enterprises, and one facilities enterprise.

“We are proud to have closed more than P2 billion worth of investments in the first month of 2024, and confident of securing more investments which are already in PEZA’s pipeline and waiting for approval in the coming months,” said PEZA Director General Tereso Panga.

The investment promotion agency said the projects would be located in the following ecozones:

• Cavite Economic Zone (CEZ)
• Cavite Technopark-Special Economic Zone (SEZ)
• Laguna Technopark
• Lima Technology Center-SEZ
• Carmelray Industrial Park II-SEZ
• Laguna Technopark Annex-SEZ
• First Philippine Industrial Park
• Giga Tower Bridgetowne IT Park in Quezon City
• Southwoods Mall in Laguna City
• Panorama Tower in Bonifacio Global City
• Jazz IT Center in Makati City

The approved investments were presented during PEZA’s first board meeting in Baguio City from January 25 to 27, 2024. — DVM, GMA Integrated News

 

 

DOLE Wage Order no. IVA-20 CALABARZON Minimum Wage effective Sept 24, 2023

 NOTES:

1. Binan City, Laguna= Php520 per day or ( 65pesos/hr)

2. Santa Rosa City, Laguna = Php479 per day or (59.875 pesos/hr)

3. If Retail or Service shop employing not more than 10 employees = Php385 per day or (48.125 pesos/hr)