The Philippine Economic Zone Authority (Peza) received P95 billion worth of investment commitment for 326 projects approved in the manufacturing and business process outsourcing (BPO) sectors last year despite the pandemic difficulties. The figure is 19% lower than the P117.5 billion investment pledges in 2019, but it is higher than the agency’s forecast in July last year. Peza hopes to attract more foreign direct investments in the country this 2021.
