PEZA investments up 25% Jan-April

Rappler.com

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The investments are a combination of fresh investments and the expansion of existing operations, mostly in the electronics and automotive industry

INVESTMENTS UP. Investments registered with the Philippine Economic Zone Authority increased by 25% in January to April 2013. File photo by AFP

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

 

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