The Philippine Economic Zone Authority (PEZA) remitted P1.39 billion in dividends to the national government in 2024, its second consecutive year of contributing over a billion pesos to public funds, following a P1.3 billion remittance in 2023.
The back-to-back billion-peso remittances officially placed PEZA among the GOCC “Billionaires’ Club”, an elite circle usually dominated by revenue-generating financial institutions.
Over the past decade, total dividends from PEZA have reached P25.06 billion.
As a non-financial, investment promotion agency with just over 600 employees, it operates without direct budgetary support from the national government.
Despite its status as a self-sustaining agency, PEZA manages over 400 economic zones nationwide and supports more than 4,000 locator companies.
PEZA has intensified its investment promotion efforts, enhanced digital services, and fast-tracked investor facilitation in key sectors such as manufacturing, IT-BPM, and emerging technologies.
The US State Department has repeatedly cited PEZA as a benchmark for transparency and regulatory efficiency in the Philippines.
“As we turn 30, we are focused on future-proofing PEZA to ensure it remains a dynamic force for economic development and nation-building,” said PEZA director general Tereso Panga.
