BusinessMirror

Peza reg­is­ters ₧73-bil­lion projects from Jan-oct ’20

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PHILIP­PINE Eco­nomic Zone Au­thor­ity ( Peza) Di­rec­tor Gen­eral Char­ito Plaza said that the reg­is­tered projects with the in­vest­ment pro­mo­tion agency in the first 10 months of the year have reached P72.6 bil­lion.

In her re­cent speech dur­ing the fourth-quar­ter gen­eral mem­ber­ship meet­ing (GMM) of the Semi­con­duc­tor and Elec­tron­ics In­dus­tries in the Philip­pines Foun­da­tion Inc. (SEIPI), Plaza said Peza’s in­vest­ment ap­proval from Jan­uary to Oc­to­ber 2020 was 27 per­cent lower than the P99.3 bil­lion ap­proved projects in the same pe­riod in 2019.

These came from 248 projects reg­is­tered for the pe­riod, down by 45 per­cent from 454 projects last year.

On the other hand, ex­port rev­enues in the eco­nomic zones slightly in­creased by 0.63 per­cent to $ 40.8 bil­lion from Jan­uary to Septem­ber 2020 from $ 40.5 bil­lion in the pre­vi­ous year.

“De­spite the pan­demic, Peza con­tin­u­ously re­ceived ex­pan­sions and new in­vest­ments,” Plaza said. “Same with the semi­con­duc­tor and elec­tron­ics, which still con­tinue to contribute the big­gest ex­port in­come on com­modi­ties and goods.”

In­vest­ments from the semi­con­duc­tor and elec­tron­ics in­dus­try in Peza reached P8.8 bil­lion from Jan­uary to Oc­to­ber 2020, de­clin­ing by 24.7 per­cent from its P11.8bil­lion in­vest­ments in the same pe­riod in 2019.

Ex­ports of Peza- reg­is­tered semi­con­duc­tor and elec­tron­ics firms also slowed down by 8.2 per­cent at end- Septem­ber 2020 to $16.7 bil­lion from $18.2 bil­lion in the same pe­riod a year ago.

Mean­while, data from SEIPI show that to­tal elec­tron­ics in­dus­try ex­ports in Septem­ber 2020 alone reached $3.9 bil­lion, an im­prove­ment of 14 per­cent com­pared to its pre­vi­ous month.

“The in­crease in ex­ports and the re­quired raw ma­te­rial im­ports were due to the grad­ual eas­ing of the ma­te­rial sup­ply chain dis­rup­tion and the ramp­ing-up of op­er­a­tions amidst the on­go­ing pan­demic,” SEIPI said in a news statement.

SEIPI Pres­i­dent Dan Lachica ear­lier said the group re­vised the in­dus­try growth fore­cast for 2020 from -15 per­cent to -5 per­cent.

Lachica added 2021 will be a bet­ter year for the in­dus­try with a pro­jected out­look of 7-per­cent growth.

This will de­pend on the out­come of the Cor­po­rate Re­cov­ery and Tax In­cen­tives for En­ter­prises (CRE­ATE) bill and avail­abil­ity of the Covid-19 vac­cine.

SEIPI Chair­man Glenn Ever­est said there will be emerg­ing tech­nolo­gies post- Covid, which the Philip­pine semi­con­duc­tor and elec­tron­ics in­dus­try may look into.

Ever­est, who is also the vice pres­i­dent and gen­eral man­ager of Con­ti­nen­tal Temic Elec­tron­ics (Phils.) Inc., said these emerg­ing tech­nolo­gies in­clude gen­er­a­tive de­sign, which is ex­pected to grow by 20 per­cent by 2025; em­bed­ded metrol­ogy, seen to in­crease by 7 per­cent by 2025; high­speed sin­ter­ing, with 24- per­cent growth out­look by 2023; nan­otech­nol­ogy, seen to grow by 17 per­cent by 2024; and light-based man­u­fac­tur­ing, which is ex­pected to in­crease by 11 per­cent by 2029.

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