Share on facebook
Facebook
Share on twitter
Twitter
Share on email
Email

P100-B investment okays eyed

            Philippine Economic Zone Authority director general Charito Plaza remains hopeful about surpassing the P100 billion investment approvals by the end of this year.

            This, as the PEZA registered P72.6 billion worth of projects from January to October 2020.

            In a press briefing Monday, Plaza said the PEZA Board approved 34 new projects worth P14.65 billion this month.

            “We’re crossing fingers…We might exceed P100 billion this year,” she said.

            She added that existing PEZA locators manifested they will continue to grow their businesses in the country by bringing in new products as well as expanding their facilities.

            Before 2020 ends, Plaza said PEZA is expecting investments from an Israeli company that intends to transfer its 16 branches in China to the Philippines.

            “We will sign first an MOU (memorandum of understanding). They are currently finding ecozones,” she added.

            In 2019, PEZA approved a total of P117.54 billion in projects.*PNA

Share on facebook
Facebook
Share on twitter
Twitter
Share on email
Email
ARCHIVES

Read Article by date

August 2022
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
293031 

Get your copy of the Visayan Daily Star everyday!

Avail of the FREE 30-day trial.