Investments in Phl ecozones up 31 pct in Jan.-July
MANILA, Philippines (Xinhua) - Investments in Philippine economic zones jumped by nearly 31 percent on year to P127.45 billion ($2.93 billion) in January to July, the Philippine Economic Zone Authority (PEZA) said today.
In the month of July alone, PEZA Director General Lilia de Lima said the Philippine government approved 12 projects from local and foreign investors.
De Lima said PEZA also approved the entry of 12 new local and foreign information technology companies in the country's ecozones.
She said the bulk of investments during the period was channeled to the manufacturing sector.
Since 1995, Philippine economic zones have attracted 3,313 companies and P2.83 trillion ($65.1 billion) in investments. Total exports from local ecozones in the past 19 years have reached $536.4 billion.
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