FIRMS have pledged roughly two-thirds more investments to the Philippine Economic Zone Authority (PEZA) as of end-May versus year-ago levels, data released yesterday showed.
Planned investments in economic zones amounted to P46.349 billion in the first five months, up 67.8% from the same period last year but slower than the 111% increase recorded as of April.
The five-month investment figure is expected to produce $2.106 billion worth of exports, up 84.15% from yearago levels. It is also expected to generate 30,113 jobs or 11.71% more than January to May last year.
By yearend, the PEZA is hoping both employment and export levels will grow by at least 10% from 2009. Investment pledges are also targeted to grow by 15% to P201.670 billion.
The five-month figure so far accounts for roughly a fifth of the total target. — J. A. D. Hermosa
Invoke Article 33 of the ILO constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of Forced Labour and Freedom of Association protocols.
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