Despite the coronavirus pandemic, the Philippine Economic Zone Authority (PEZA) said it generated P88.341 billion in investments with 300 projects registered as of November 2020.
The agency also generated $45.085 billion of exports and created 1.41 million jobs as of October 2020. Compared to last year, PEZA recorded P109.194 billion of investments and $45.340 billion of exports, with 496 projects registered and 1.572 million jobs generated for the same periods.
“We continue to be positive about opportunities for the Philippines to attract trust and confidence of investors and business groups whether in terms of new or expansion projects. We at PEZA continue to do our best to attract investors and help our economy bounce back,” said PEZA Director General Charito “Ching” Plaza.
Also, PEZA-registered companies are nearing their 100-percent operations by the end of 2020.
For the period of December 7 to 12, about 2,645 companies or 88 percent are currently operating with 1.107 million or 75 percent of the work force working under various work schemes.
For the last two years of the Duterte Administration, PEZA is also gearing to fully adopt its “Transformational Roadmap” containing 10-point programs, which seek to eradicate the country’s import and consumption dependence in order to attain industrialization and total development of the Philippines. SOVEREIGNPH