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Nov 30, 2017 @ 19:20

PEZA investments up 90% to P203.2B


MANILA — The Philippine Economic Zone Authority (PEZA) has registered P203.2 billion investments in January to October 2017, up 89.3 percent from P107.3 billion in the same period in 2016.

Projects approved by PEZA in the first 10 months of the year slightly grew by 0.62 percent to 484 from 481 last year.

Employment in PEZA zones went up 4.47 percent to 1.38 million in January to October 2017 from 1.32 million in the same period in 2016.

Export revenues of PEZA-registered firms likewise improved 9.7 percent to $38 billion this year from $34.6 billion in the previous year.

Investments in economic zone development reached P125.8 billion, almost doubled the P65.2 billion approved in 2016.

Growth in manufacturing investments surged 98 percent to P45.6 billion in January to October 2017 from P23.5 billion last year.

But investments in information technology sector slowed down to PHP14.4 billion, down 8.4 percent. (PNA)

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