Cebu lands major factory investment as Peza approvals soar in May

MANILA, Philippines – A major manufacturing investment is headed to Cebu as part of a wider surge in Philippine Economic Zone Authority (Peza) approvals last May, signaling continued confidence in the region as a prime ecozone destination.

Peza approved 31 projects worth P15.41 billion in May, a dramatic 447-percent jump from the P2.82 billion recorded in the same month last year.

Among the highlights was one of three big-ticket manufacturing projects that will locate in ecozones in Pampanga, Laguna, and Cebu. Together, the three projects accounted for more than P11 billion, or nearly three-fourths of all approvals for the month.

READ MORE: PEZA: Cebu continues to attract investors

Peza Director General Tereso Panga credited the strong numbers to the stable business environment, skilled workforce, and strategic location that Philippine ecozones, including those in Cebu, continue to offer investors despite global economic uncertainties.

The May surge brought Peza’s total approved investments for January to May to P124.84 billion, up 88 percent from the same period in 2025, with the approved projects expected to generate over 20,000 jobs nationwide.

Manufacturing led all sectors with 16 approved projects in May, followed by IT-BPM with seven.

Peza said it remains on track to hit its P300-billion investment target for 2026, buoyed in part by the recently approved revised Strategic Investment Priority Plan, which emphasizes advanced manufacturing and emerging technologies.

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