PEZA expects more investments in second semester
The Philippine Economic Zone Authority (PEZA) is expressing hope that it will attract more investments in the coming months, despite a 27 per cent drop in the value of newly-approved projects in the first seven months to P52 billion from P71.21 billion a year ago.
PEZA Director General Charito Plaza said that while “it is true that the COVID-19 pandemic affected our economy badly,” the information technology-business process outsourcing (IT-BPO) and manufacturing industries continued to have robust contributions to new investments.
The IT-BPO sector registered investments of P11.40 billion, up by 37 percent from P8.32 billion a year earlier. Approved investments in the seven-month period came from 164 new and expansion projects.
