The Philippine Economic Zone Authority (PEZA) reported a 25-percent decline in investments to P51 billion as of the end of September from a year ago, its director-general Charito Plaza said yesterday.
At the GlobalBiz conference yesterday, Plaza attributed this to the continued lockdowns that hampered mobility. As of September 2020, PEZA registered P68 billion in investments.
Plaza also reported 90 percent of all PEZA companies are now operational with manufacturing registering a high of 95 percent and the business process outsourcing at 84 percent.
Exports also rose to $40.67 billion from $34 billion, a 19 percent increase.
The zones employ 1.6 million.
