The Philippine Economic Zone Authority (Peza) has reported a 5.27-percent increase in investments as of November, mostly in manufacturing.
According to Peza Promotions and Public Relations Manager Elmer San Pascual, investments as of the 11th month of the year has reached P222.041 billion, a 5.27-percent improvement, P210.9 billion higher over the same period last year.
Employment as of October tallies to 1,153,923, higher by 13.75 percent than the 1,014,431 employee count over the same period last year.
Sources of investments include manufacturing including electronics and semiconductors, transport and car parts; precision instruments; beverage; electrical machinery; fabricated metals; and chemical products. Other sources include information-technology services and ecozone development.
Catherine N. Pillas