Zone pledges double but IT projects falter

Published by rudy Date posted on October 10, 2017

by Malaya, Oct 10, 2017

Investments registered with the Philippine Economic Zone Authority (PEZA) rose 94 percent in the first nine months of the year pushed largely by investments in ecozone development and manufacturing.

Total investments stood at P196 billion from P101 billion in the first nine months of the year.

Although the number of projects is lower at 438 compared with 447 last year, these projects would result in employment of 73,553.

Investments, however, in information technology continue to be sluggish, dropping 8 percent to P11 billion from P14 billion in 2016. There were fewer IT projects, 153 from 167 last year.

These projects would generate IT jobs for 49,068 individuals.

Ecozone took the chunk of committed investments at P123 billion while manufacturing accounted for P45 billion.

As of July, exports of locators in ecozones stood at $29 billion, 11 percent higher than the $26 billion exported a year ago.

Exports in IT were almost flat at $6.2 billion from $6.16 billion.

PEZA also recently approved four medical tourism zones, including the P2.4-billion facility of Century Properties Inc. in Makati City.

Top investors for the year include First Pangasinan Property Development. Achievement Realty Corp., Tubalan Cove Business, Ayala Land Inc. and Megaworld Corp., ecozone development; Sarangani Energy Corp. as a utilities company; Epson Precision (Philippines) Inc. and STMicroelectronics Inc. and STMicroelectronics Inc, electronics; B/E Aerospace BV (Philippine) branch, manufacturing and; Central Block Developers Inc., facilities enterprise.

July 2025

Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”

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.

Accept National Unity Government (NUG)
of Myanmar.  Reject Military!

#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos

Time to support & empower survivors. Time to spark a global conversation. Time for #GenerationEquality to #orangetheworld!

July


3 July – International Day of Cooperatives
3 Ju
ly – International Plastic Bag Free Day
 
5 July –
World Youth Skills Day 
7 July – Global Forgiveness Day
11 July – World Population Day 
17 July – World Day for
International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons 


Monthly Observances:

Schools Safety Month

Nutrition Month
National Disaster Consciousness Month

Weekly Observances:

Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week

 

Daily Observances:

First Saturday of July:
International Cooperative Day
in the Philippines

Categories

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.