APPROVED INVESTMENTS by the Philippine Economic Zone Authority (PEZA) dropped 11.5% in the first 11 months of 2022, but its top official is still hoping to achieve its 6-7% growth target by yearend.
LIMA central business district is LIMA Estate’s 30-hectare commercial area in Batangas. — COMPANY HANDOUTffiPEZA in a statement said it generated P57.048-billion investments from 181 projects for the January-to-November period. This is lower than the P64.463-billion investments from 229 projects approved a year ago.PEZA Officer-in-Charge and Deputy Director-General for Policy and Planning Tereso O. Panga said the agency has been able to temper the decline in investments seen earlier this year.
Big-ticket projects approved by PEZA include those by Shin-etsu Magnetics Philippines, Inc.; Cebu Mitsumi, Inc.; TDK Philippines Corp.; Tamiya , Inc.; and Philippine International Manufacturing and Engineering Services Corp. Shibutani Shoten is planning to put up a company in the Philippines “to support its employment and training program for Filipino workers and expand its brand.” The company makes car seat, arm rest, and headrest covers for automakers such as Mitsubishi and Mazda.
Nakashima Propeller, a manufacturer of marine equipment such as sea vessel propellers, rudders and shafts, is planning to introduce new technology at its facility in the Cavite Economic Zone.
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Peza investments rose to P57B in NovemberThe Peza has tallied P57.048 billion in investments as of November, leaving the investment promotion agency with one last month to meet its target to top last year’s total of P69.301 billion by 6-7 percent. | AldenMonzonINQ /PDI
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Peza: 181 projects in 11 months brought ₧57-B investments - BusinessMirrorTHE Philippine Economic Zone Authority (PEZA) said the country attracted P57 billion in investments from 181 projects in January to November. Based on data provided by the investment promotion agency, this is a 11.50-percent decline from the P64.463-billion investments recorded in the same period last year. PEZA said, however, it remains confident of hitting its
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Japan-based firms eyenew projects with Peza - BusinessMirrorTHE head of the Philippine Economic Zone Authority (Peza) announced that Japan-based firms have expressed interest to apply for new and expansion projects in areas of logistics and apparel, among others. Peza Officer-in-Charge Tereso O. Panga announced this after a 3-day mission in Osaka and Okayama where she and other trade officials engaged in several
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