Published May 5, 2021, 6:00 AM
Despite the continuing movement restrictions, economic zones still operate at higher capacity and continued to employ over a million workers across the country.
Philippine Economic Zone Authority (PEZA) Director General Charito B. Plaza said that during the modified enhanced community quarantine (MECQ) period from April 12-16, economic zones were operating at 90 percent capacity or 2,701 companies continued to open nationwide. This enabled 1,193,813 employees to work under various work schemes.
Philippine Economic Zone Authority Director General Charito B. Plaza. (Photo credit from Corporate Communications Division
Philippine Economic Zone Authority)
Broken down, Plaza said that 84 percent of the IT-BPO industry continued to operate while the manufacturing sector at 94 percent.
Published February 24, 2021, 4:47 PM
New committed investments approved by the Philippine Economic Zone Authority (PEZA) in January this year soared 139 percent, but there are still over 300,000 workers displaced from the continued non-operation of more than 300 locators.
PEZA Director General Charito B. Plaza said in her State of PEZA Address during its 26th Anniversary celebration today, Feb. 24, that 24 projects with combined investments of P11.308 billion were approved in the first month of 2021.
“This is actually 139th increase from the P4.726 billion investments PEZA generated in January 2020,” Plaza reported. Of the 24 projects, 20 are locator enterprises and 4 are economic zone developers.
Philippine Economic Zone Authority Director General Charito B. Plaza. (Photo credit from Corporate Communications Division