{"id":60250,"date":"2015-08-31T15:04:40","date_gmt":"2015-08-31T07:04:40","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=60250"},"modified":"2025-01-08T19:17:23","modified_gmt":"2025-01-09T00:17:23","slug":"peza-approves-p103-b-investments","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2015\/08\/31\/peza-approves-p103-b-investments\/","title":{"rendered":"PEZA approves P103-B investments"},"content":{"rendered":"
\"ShutterStock\"<\/a>
ShutterStock<\/figcaption><\/figure>\n

MANILA — Investment pledges in the Philippine Economic Zone Authority (PEZA) reached PhP103.15 billion in the first seven months of the year, PEZA Spokesperson Elmer San Pascual said.<\/p>\n

San Pascual said that although the investment amount at end-July 2015 was 19 percent lower than the same period of last year\u2019s PhP127.46 billion, the number of projects this year increased.<\/p>\n

According to him, some 360 projects were approved by PEZA in January to July 2015 period, which was 7.0 percent higher from last year\u2019s same period of 337 projects.<\/p>\n

He said that three of the top 10 investors are new enterprises from export and tourism sectors.<\/p>\n

Seven of the top 10 investors are expansions from export and information technology (IT) enterprises.<\/p>\n

The PEZA official said the negative growth in investments in the first seven months of the year was a lingering effect of the congestion at the Manila port last year that made investors delay their expansions and investments in the country.<\/p>\n

\u201cThere\u2019s little bit of uncertainty [of companies] with the recurrence of such situation but the congestion in our ports is already resolved,\u201d said San Pascual.<\/p>\n

\u201cWe\u2019ve been getting reports from both the North and South Harbors, and it has already improved,\u201d he added.<\/p>\n

He said PEZA continues to intensify its investment missions abroad to regain the confidence of foreign investors.<\/p>\n

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<\/p>\n

\u201cSo with that, we\u2019re telling them that the government — especially the national government — will no longer allow such a situation to occur and they see how the national government acted at that time,\u201d he said.<\/p>\n

Moreover, exports revenue of PEZA-registered firms also had a slight improvement, posting a total of USD21.<\/p>\n

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49 billion receipt in January to June this year from USD21.30 billion in the first semester of last year.<\/p>\n

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<\/p>\n

Direct employment in PEZA until end-June 2015 increased by 10 percent to 1,209,546 jobs.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA — Investment pledges in the Philippine Economic Zone Authority (PEZA) reached PhP103.15 billion in the first seven months of …<\/p>\n","protected":false},"author":44,"featured_media":10520,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1482,19,95],"tags":[],"class_list":["post-60250","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking","category-business","category-news-ph","mauthors-philippines-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/60250","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=60250"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/60250\/revisions"}],"predecessor-version":[{"id":281215,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/60250\/revisions\/281215"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/10520"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=60250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=60250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=60250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}