EXCERPT

PHILIPPINE Economic Zone Authority (PEZA) Director General Charito Plaza said on Friday the investment promotion agency is now looking at 7- to 8-percent growth in investment approvals this year.

In a television interview, she said the new growth outlook is slightly higher than the previous projection of a 6-percent increase in approved investments for the full year of 2022.

PEZA approved about P69.3-billion worth of project registrations in 2021 that would create 35,245 jobs once these projects are fully operational.

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