PHILIPPINE Economic Zone Authority (PEZA) investment approvals have continued to recover with pledges between January and November 2023 surging 147 percent to P140.88 billion from P57.05 billion a year earlier, the agency's chief said on Wednesday evening.

The investment pledges have also surpassed full-year approvals in 2022, PEZA Director General Tereso Panga said, adding that since the start of the Marcos administration in 2022, the agency had reversed a contraction in investment approvals despite the economic challenges.