THE Philippine Economic Zone Authority , which seeks to grow its investment pledges by 6 percent this year, approved P3.48 billion worth of projects in January.
“Despite the pandemic slowing us down for the last two years, Peza is grateful for the unceasing support of our locators and partner investors. Now that the Philippines is attaining herd immunity and reopening our economy, we in Peza continue to thrive in attracting more foreign direct investments [FDI] to the country,” Peza Director General Charito Plaza said.
Total investments from Japanese investors grew threefold to P22.87 billion last year from P7.881 billion in 2020. This month, Peza revived its call for a 100-percent work-from-home arrangement for the information technology-business process outsourcing companies without reducing their fiscal incentives.
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