PEZA investments running 25% higher

 

Export-oriented investments in the country’s economic zones went up 25 percent in the first four months of the year to P72.409 billion from P57.887 billion in the same period this year.

Philippine Economic Zone Authority (PEZA) Director General Lilia B. De Lima said new investments came from new and expansion projects mostly engaged in manufacturing for electronics and semiconductor projects.

Investments in economic zones and IT parks and building development were also significant, De Lima said.

De Lima also reported that economic zone locators exported a total of $6.750 billion or 7.04 percent higher than the $6.306-billion export in the same period in 2013.

In terms of employment, hiring pace quickened in the January-February period this year increased 16.87 percent to over 1.05 million workers from 905,769 in the same period last year.

Among the investments is an expansion of American electronics company.

De Lima also reported that a Japanese motor vehicle and spare parts manufacturer is among the new investment.

PEZA has also approved a Filipino-Japanese fabricated metal manufacturer.

Other investments include electronics firms Taiwanese, Dutch, and Japanese.

PEZA has also approved a Filipino-owned agro-industrial enterprise.

An American call center has also expanded its Philippine operation.

 

by Bernie Magkilat
Manila Bulletin, 1 May 2014

http://www.mb.com.ph/peza-investments-running-25-higher/