The Philippine Economic Zone Authority (Peza) reported that registered projects with them in the first 10 months of the year have reached P72.6 billion.
In a speech, Peza Director General Charito Plaza said that the agency’s investment approval from January to October 2020 was 27 percent lower than the P99.3 billion approved projects in the same period in 2019. These came from 248 projects registered for the period, down by 45 per cent from 454 projects last year.
“Despite the pandemic, Peza continuously received expansions and new investments,” Plaza said. “Same with the semiconductor and electronics, which still continue to contribute the biggest export income on commodities and goods.”