{"id":261805,"date":"2020-07-15T23:57:17","date_gmt":"2020-07-16T03:57:17","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=261805"},"modified":"2020-07-15T23:57:17","modified_gmt":"2020-07-16T03:57:17","slug":"peza-okays-50-new-projects-worth-p22-5b","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/07\/15\/peza-okays-50-new-projects-worth-p22-5b\/","title":{"rendered":"PEZA okays 50 new projects worth P22.5B"},"content":{"rendered":"<figure id=\"attachment_186245\" aria-describedby=\"caption-attachment-186245\" style=\"width: 960px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/10\/30742069_1626837394031040_6638192403477954560_n.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-186245\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/10\/30742069_1626837394031040_6638192403477954560_n.jpg\" alt=\"\" width=\"960\" height=\"641\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/10\/30742069_1626837394031040_6638192403477954560_n.jpg 960w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/10\/30742069_1626837394031040_6638192403477954560_n-300x200.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/10\/30742069_1626837394031040_6638192403477954560_n-768x513.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/a><figcaption id=\"caption-attachment-186245\" class=\"wp-caption-text\">As many Filipinos lost their jobs amid the pandemic, the latest investment approvals in PEZA will create 8,917 new jobs. (<a href=\"https:\/\/www.facebook.com\/pezaofficial\/photos\/a.1596127690435344\/1626837387364374\/?type=3&amp;amp;theater\">File Photo: Philippine Economic Zone Authority\/Facebook<\/a>)<\/figcaption><\/figure>\n<div dir=\"auto\"><strong>MANILA<\/strong>\u00a0\u2013 The Philippine Economic Zone Authority (PEZA) on Wednesday said its Board has approved a total of 50 new projects with investments reaching PHP22.5 billion last July 10.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">In a statement Wednesday, the PEZA said 33 of these projects are expansion projects of its locators.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">They registered a total of PHP13.8-billion investments.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Seventeen newly-registered projects were economic zone development with investments that amounted to PHP8.7 billion.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Of the total new projects, 40 will be located in Luzon, six in Visayas, and four in Mindanao.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">About 44 percent of the total investments came from domestic companies, and the remaining 56 percent were from foreign investors.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">These foreign sources include Australia, China, Japan, Singapore, and the United States.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cThe approval of new projects and investments is the agency\u2019s positive action to continuously support the Philippine economy in our endeavor to maintain our competitiveness for investments despite the impact of Covid-19 (coronavirus disease 2019),\u201d PEZA Director General Charito Plaza said.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">As many Filipinos lost their jobs amid the pandemic, the latest investment approvals in PEZA will create 8,917 new jobs.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cCovid-19 cannot stop PEZA in performing its mandate to register, manage, and operate public and private economic zones in the country. PEZA continues to attract investors to come and invest to the Philippines despite the crisis,\u201d Plaza added.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">As of January 2020, a total of 1.56 million jobs were created in PEZA and exports revenue reached USD4.4 billion<em><strong>.<\/strong><\/em><\/div>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u00a0\u2013 The Philippine Economic Zone Authority (PEZA) on Wednesday said its Board has approved a total of 50 new projects &hellip;<\/p>\n","protected":false},"author":33,"featured_media":186245,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-261805","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-kris-crismundo","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/261805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=261805"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/261805\/revisions"}],"predecessor-version":[{"id":261825,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/261805\/revisions\/261825"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/186245"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=261805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=261805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=261805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}