Doha:Parañaque City The Philippine Economic Zone Authority (PEZA) has exceeded its investment approval target for 2026, reaching PHP309.63 billion as of October. PEZA Director General Tereso Panga announced this achievement during his speech at the 60th anniversary of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) and the 40th CACCI Conference.
According to Philippines News Agency, Panga highlighted the agency's potential, overseeing 441 economic zones and more than 4,400 registered businesses nationwide. He emphasized the importance of translating investments into sustainable economic benefits through expanded production, increased exports, technology transfer, and quality employment.
Panga stated the agency's commitment to enhancing community livelihoods through the CREATE MORE Act and PEZA's streamlined services. These initiatives aim to provide incentives and foster collaboration between government agencies and industry players to support businesses in digital transformation and competitiveness.
He also pointed out the impact of artificial intelligence, automation, and advanced manufacturing on business operations, expressing the agency's goal to leverage the Philippines' strengths in electronics, semiconductors, and IT-BPM to prepare industries and workers for future technological advancements.
