Peza investments jump 94%
The Philippine Economic Zone Authority said registered investments jumped 94 percent to P196.45 billion in the first nine months of 2017 from P101.2 billion year-on-year.
Peza director general Charito Plaza said exports from the economic zones also rose 11.5 percent to $29.26 billion from $26.24 billion a year ago.
“We saw the increasing value of investments continue despite a slight drop in the number of projects by 2 percent to 438 projects from 447,” she said.
Investments from the information technology sector, one the biggest contributors to export earnings, declined 22 percent to P11.38 billion in the nine-month period from P14.57 billion a year ago.
The number of projects dropped 8 percent to 153 from 167, although employment grew 8 percent to 655,635 workers, while exports inched up 1.4 percent to $6.25 billion from $6.16 billion in 2016.