PEZA investments up 25% Jan-April
MANILA, Philippines – Investments registered with the Philippine Economic Zone Authority (PEZA) increased by 25% to P72.409 billion in the first 4 months of 2014, from P57.887 billion in the same period last year.
The investments are a combination of fresh investments and the expansion of existing operations, mostly in the electronics and automotive industry, PEZA said.
Locators in the ecozones exported $6.75 billion worth of goods from January to April this year, 7.04% higher from the $6.306 billion exported goods for the same period last year.
Total employment of companies in the ecozones increased by 17% or to 1,058,599 from 905,769 employment during the same period.
PEZA Director General Lilia de Lima earlier said PEZA is targeting a minimum 10% increase in investments in its ecozones this year.
Total investments approved by PEZA last year was at P276.1 billion, nearly 12% lower than in 2012. – Rappler.com