Philippine Economic Zone Authority (PEZA) Director General Lilia de Lima announced her retirement Wednesday, a day before President Benigno Aquino 3rd steps down and turns over power to President-elect Rodrigo Duterte.
De Lima led PEZA for the past 21 years.
De Lima was re-appointed by President Aquino recognizing her excellence in inviting investments in the country through the premiere investment promotion agency (IPA) — PEZA.
Before leading PEZA, the IPA only has 331 registered companies in 16 economic zones across the country.
To date, PEZA now has 3,756 registered enterprises doing business in 343 PEZA-accredited economic zones.
“PEZA is in its ripened, full grown, and matured stage to be able to ceaselessly pursue its mandated tasks to get and attract more investments, in order to create more employment opportunities for our people, and generate much needed exports revenues for the country with endless vigor and determination,” she told PEZA officers and staff.
From 1995 to 2016, total investments of foreign and local companies in PEZA amounted to PHP3.157 trillion.
For the first four months of the year alone, approved investments in the IPA reached PHP48.76 billion, an increase of 19 percent from the same period in 2015.