NEW investments worth P123.71 billion and corresponding to 198 projects have been approved from January to October, the Philippine Economic Zone Authority (PEZA) reported on Wednesday.

The amount is lower than the P131.76 billion in the same period in 2023. But the projects are 29 more than the 169 approved deals last year, and are projected to earn $3.074 billion in export revenues and surpass last year's $3.025 billion.

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