PEZA approves 11 new projects worth P9.6 B

The Philippine Economic Zone Authority (PEZA) board has approved a total of P9.6 billion worth of investments, including two IT park development projects.

PEZA OIC Deputy Director General Tereso O. Panga said the board approved the investments during a meeting presided for the first time by Trade and Industry Secretary and PEZA Chairman Alfredo E. Pascual after gracing the PEZA Annual Investors’ Recognition on Friday, Nov. 25.

Panga said that Savya Land Development Corp. has sought for the declaration as special ecozone its P3.547 billion IT Park project in a 5,991 square meter lot locating along ARCA South, Taguig City. The IT project will be known as Savya Financial Center.

The other IT Park project is Cazneau Inc. for the declaration of its 15,681 square meter lot in Barangay Binan, Laguna to be known as Sevina Park Commercial with investment of P81.729 million.

The 11 ecozone locator projects which were not identified have total investments of (₱5.973 bilion. Together with the two IT parks projects, the PEZA board approved a total of ₱9.602 billion worth of new investment pledges.

At the PEZA Annual Investors' Recognition Day, Pascual also awarded "Galing Pinas" trophies to the top performing 51 locator companies for 2022 in the following categories: top exporters, top agri enterprises, top COVID-19 responses; outstanding exporter, employer, community projects and environmental performance; and, hall of fame, billionaires award and golden achievement award.

Samsung Electro-Mechanics Phils. Corp. bagged this year's top honors as Golden Achievement awardee for being elevated to the hall of fame for outstanding environmental performance (2021), outstanding exporter (2015), outstanding employer (2014), and outstanding community projects (2011).

“With the support of valued ecozone developers and locators, host LGUs, partner agencies and industries—PEZA will continue to be relevant, vibrant and competitive as it carries out its mandate to develop ecozones (particularly in rural and new growth areas) in order to generate substantial investments, jobs, exports and other economic opportunities for the country,” said Panga.