PEZA Eyes Record Investment Approvals in 2026

MANILA, Philippines — The Philippine Economic Zone Authority (Peza) is confident that investment approvals could reach a new high in 2026, having already secured nearly three-fourths of its P300-billion full-year target with four months to spare. At its current pace, the investment promotion agency could surpass the record P312 billion in investment approvals registered in 2012. The agency’s optimism stems from the sustained influx of foreign direct investments (FDI) and the government’s commitment to improving the investment climate. PEZA Director General Tereso Panga previously stated that the agency is on track to meet its P300-billion investment approval target for 2023, with a significant portion already secured. This momentum is expected to carry over into 2026. The economic zones managed by PEZA are crucial drivers of the Philippine economy, attracting businesses through various fiscal and non-fiscal incentives. These include tax holidays, duty-free importation of capital equipment, and streamlined business processes. Sectors such as manufacturing, information technology and business process outsourcing (IT-BPO), and tourism are expected to be key contributors to the projected investment growth. The Philippines has been actively working to enhance its competitiveness as an investment destination, implementing reforms aimed at reducing the cost of doing business and improving infrastructure. This projected surge in investment approvals is anticipated to translate into significant job creation and further boost the country's economic output, reinforcing its position in the global market.