PEZA ends 2018 with P140-B in­vest­ments

Sun.Star Pampanga - - BUSINESS! - He Philip­pine Eco­nomic Zone Author­ity has ap­proved a to­tal of PHP140.24 bil­lion worth of in­vest­ments in 2018, the agency re­ported. (PNA)

Ac­cord­ing to PEZA, in­vest­ment pledges last year dropped 40.97 per­cent from PHP237.57 bil­lion.

Value of in­vest­ment com­mit­ments de­cline af­ter the num­ber of projects reg­is­tered with PEZA also de­creased by 4.51 per­cent from 554 projects in 2017 to 529 projects in the pre­vi­ous year.

“The drop is for new in­vest­ments caused by the un­cer­tain­ties of change of poli­cies,” PEZA Direc­tor Gen­eral Char­ito Plaza said, as she clar­i­fied that ex­ist­ing lo­ca­tors were not pulling out their in­vest­ments in the coun­try.

“New in­vest­ments dropped also be­cause of the forth­com­ing elec­tion where the next Congress might change again the poli­cies,” she ex­plained fur­ther.

Despite the de­cline in in­vest­ment pledges, in­vest­ment ap­provals by PEZA has con­tin­ued to cre­ate jobs for Filipinos.

As of Oc­to­ber 2018, jobs within PEZA-reg­is­tered eco­nomic zones in­creased by 7.33 per­cent with nearly 1.5 mil­lion jobs com­pared to 1.4 mil­lion jobs at endOc­to­ber 2017.

Ex­port rev­enues of PEZA lo­ca­tors grew by 6.58 per­cent as of Oc­to­ber 2018 to USD45.18 bil­lion from USD42.39 bil­lion rev­enues in the same pe­riod in 2017.

Mean­while, in­vest­ments in the sec­tor of in­for­ma­tion tech­nol­ogy (IT) im­proved by 32.2 per­cent in 2018 amount­ing to PHP25.56 bil­lion from PHP15.56 bil­lion in 2017.

A to­tal of 188 IT projects were reg­is­tered with PEZA last year.

Num­ber jobs also rose 8.05 per­cent to 733,479 in 2018 from its pre­vi­ous count of 678,799 jobs at end-2017.

Ex­port rev­enues of IT and busi­ness process out­sourc­ing firms reg­is­tered with PEZA in­creased by 9.33 per­cent to USD9.82 bil­lion in 2018 from USD8.98 bil­lion in 2017.



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