THE Philippine Economic Zone Authority (PEZA) on Tuesday said Japan was currently its top investor.
From January to September, Japanese firms committed new and expansion projects worth P14.778 billion, or 9.55 percent of P154.704 billion of PEZA’s approved investments.
To date, PEZA said it had hit 61.9 percent of its P250-billion target for this year.
Other investment commitments were from the Cayman Islands, South Korea, China and the United States.
A Japanese food processing facility was one of the big-ticket approvals in September, to cater to domestic and export markets and anchor industrial growth in the Luzon Economic Corridor (LEC).
“DTI is advancing a more competitive Philippines. Every ecozone and enterprise approval means new jobs, broader trade opportunities, and stronger industries. These investments reinforce our position as a premier hub in Asia and affirm that the Philippines is fast becoming the destination of choice for global industries,” Trade Secretary Roque said at a recent PEZA board meeting.
PEZA Director General Tereso Panga said Japan’s return as a leading investment partner reflected “the fruit of PEZA’s investment missions and strong collaborations“ with stakeholders.
