THE Philippine Economic Zone Authority (PEZA) on Friday said that it had approved P109.43 billion in investments as of the end of April, a substantial 72.27 increase from the P63.52 billion recorded a year earlier.

April approvals alone surged by 1,296.65 percent to P673.9 billion from P4.57 billion, a result described by the agency as a “strong transition into the second quarter and reinforcing investor confidence in the Philippines as a competitive investment destination.”

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