Philippine Economic Zone Authority (PEZA) Director General Tereso Panga has expressed optimism about hitting the agency\u2019s PHP300-billion investments approval target for 2025.<\/p>\n
After the Board\u2019s meeting last Dec. 12, PEZA-approved investments for the year amounted to PHP238 billion, he told journalists during the agency\u2019s 30th anniversary celebration in Pasay City Monday night.<\/p>\n
\u201cWe\u2019re still getting some applications. They all want to be approved by December 22 (next Board meeting), so we\u2019ll know,\u201d he said.<\/p>\n
Panga said at least four of these applications are big-ticket items, including an \u201cultra luxury\u201d brand from Japan and the U.S., and will be placed in the manufacturing sector, among others.<\/p>\n
Since the investment applications are big-ticket items, Panga said that if the agency will not achieve its approvals target for 2025, it will hit it next year \u201cfor sure.\u201d<\/p>\n
Panga attributed this optimism to their continuous promotions activities abroad, with a U.S. trip already scheduled next month.<\/p>\n
\u201cThis will bring us back to (the) heydays of PEZA. We\u2019re hoping and praying (that) it\u2019s going to be an upward consistent trajectory,\u201d he said.<\/p>\n
\u201cThese investors are investing in the future more than the present. That means they have their trust and confidence, huge trust and confidence, in current leadership,\u201d he said, adding that reforms will also be implemented to further improve their policies. (PNA)<\/p>\n","protected":false},"excerpt":{"rendered":"
The agency remains optimistic about meeting its ambitious 2025 target.<\/p>\n","protected":false},"author":73,"featured_media":261883,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19565],"tags":[],"class_list":["post-261882","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business-today"],"zyndk8_nxtgen_metadata":{"nxtgen_comments":[{"6540":"hope more trabaho for pinoy\r","6541":"investors look future nice\r"}]},"_links":{"self":[{"href":"https:\/\/uptownmanila.com\/index.php?rest_route=\/wp\/v2\/posts\/261882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uptownmanila.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uptownmanila.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uptownmanila.com\/index.php?rest_route=\/wp\/v2\/users\/73"}],"replies":[{"embeddable":true,"href":"https:\/\/uptownmanila.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=261882"}],"version-history":[{"count":0,"href":"https:\/\/uptownmanila.com\/index.php?rest_route=\/wp\/v2\/posts\/261882\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uptownmanila.com\/index.php?rest_route=\/wp\/v2\/media\/261883"}],"wp:attachment":[{"href":"https:\/\/uptownmanila.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=261882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uptownmanila.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=261882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uptownmanila.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=261882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}