Manila, Feb. 25 -- The Philippine Economic Zone Authority (PEZA) has approved PHP52.93 billion worth of investment pledges in the first two months of the year.

PEZA reported Tuesday that its investment approvals from January to February surged by 338 percent from PHP12.1 billion commitments in the same period in 2024.

These pledges came from 39 projects, which are expected to generate 11,063 jobs and will contribute an additional USD274.96 million to export revenues.

Eighteen of these approved projects are domestic market enterprises, which investments rose 71 percent to PHP37.97 billion.

There were 12 project registrations from the information technology and business process management (ITBPM) sector, five economic zone development p...