INVESTMENTS registered with the Philippine Economic Zone Authority (PEZA) are up 32.06% to P80.619 billion as of September from a year earlier, data from the state agency showed.
The figure comprises 364 projects, one of which is Green Future Innovations, Inc.’s recently registered P5.216-billion plan to put up an ethanol plant in Isabela.
The joint venture among Japanese, Filipino and Taiwanese firms seeks to extract 54 million liters of the fuel additive from a 11,000-hectare sugarcane plantation. It will also produce electricity using a 19-megawatt power plant that will run on biomass by 2012, the PEZA said.
The project will employ some 500 workers when operational, the agency added.
The ethanol investment, along with the other projects, are expected to generate a total 63,519 new jobs once they come on stream.
The investments are also estimated to churn out $5.642-billion worth of annual exports, the PEZA said.
The agency will have to drum up nearly twice the eight-month investment tally in the last quarter to hit its 2010 growth target of 15% or P201.670 billion.
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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