PEZA Registered PhP203.2 Billion Investments in Jan-October 2017 Up 89.3 Percent from 2016

Pres. Rody Duterte is indeed showing positive results in the economic growth of the country under his leadership despite being a non-economist leader after the Philippine Economic Zone Authority (PEZA) has registered P203.2 Billion Investments in January to October 2017.



The impressive billions of investments to the Philippines is up 89.3 percent from PhP107.3 billion in the same period in 2016.

According to PEZA Director General Charito Plaza the number of projects, job generations and export revenues in economic zones in different parts of the country for the period also increased.

In the first 10 months of the year 2017 under the leadership of Pres. Duterte the approved projects of PEZA slightly grew by .062 percent to 484 from 481 last year.

Aside from the increase of PEZA projects and investments, 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.

PEZA-registered firms likewise improve their export revenues to 9.7 percent, from P34.6 billion in 2016 they reached P38 billion while investments in economic zone development reached P125.8 billion or almost doubled the P65.2 billion approved development in 2016.

Growth in manufacturing investments was faster at 98 percent amounting to PHP45.6 billion in January to October 2017 from PHP23.5 billion last year.

The PEZA Directo Plaza also revealed in a chance interview that investments pledges in PEZA are seen to further increase towards the end of the year. PEZA has been aggressive in promoting the Philippines as investment destination both to foreign and local companies.

Source: PNA

PEZA Registered PhP203.2 Billion Investments in Jan-October 2017 Up 89.3 Percent from 2016 PEZA Registered PhP203.2 Billion Investments in Jan-October 2017 Up 89.3 Percent from 2016 Reviewed by Phil Newsome on December 01, 2017 Rating: 5
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