PEZA investments up 250% in Jan.

by Bernie Magkilat (Excerpt from Manila Bulletin)
February 6, 2014

The PEZA Investment Performance in the 1st 3 quarters of 2013. (photo taken from MB).

The Philippine Economic Zone Authority (PEZA) was off to a food start this year having registered P20.585 billion or 250.34 percent higher than January 2013 approved investments of P5.875 billion.

Lilia B. De Lima, PEZA Director-General told reporters at the sidelines the joint membership meeting of the Makati Business Club and the Management Association of the Philippines, that those approved projects in the first month of the year were actually those that failed to catch up with their registrations last year.

Their failure to complete registration processes last year could be partly blamed for PEZA’s slight decline in its overall investment registration in 2013.

Total investments approved by PEZA in 2013 reached P276.126 billion or 11.48 percent lower from P311.949 billion in 2012.

The January investment inflows was led by the P6 billion cyber park development project of the Quisumbing-owned Norkis Group of Companies.

Meantime, De Lima said that Aboitiz Land Inc., which recently acquired the Alcantara-owned Lima Industrial Park in Batangas, is expanding its site with 200 hectares to address more requests for factory sites by foreign investors.

According to De Lima, the new owners of the industrial park of the Lima Land Inc. after acquiring it for P1.36 billion, said the company would be acquiring neighboring properties in Lima.

The industrial estate covers 150 hectares but it has only 20 hectares left for new locators.

Already, investments registered in PEZA for the month of January this year jumped 150 percent over January 2013.

De Lima further said that a group of 20 manufacturing companies from the Shizouka prefecture in Japan are visiting the country on February 11 to explore investment opportunities in the country.