Ecozone investments up 20% to P18.6B

Investments in the country’s special economic zones continued to grow, rising by 20 percent to P18.619 billion from January to May 24 this year compared with last year’s P15.484 billion, the Philippine Export Zone Authority reported over the weekend.

Based on PEZA records, investments in 28 new export enterprises amounted to P6.128 billion.

Investments in new or expansion projects and amendments of registered activity of existing enterprise amounted to P8.798 billion, while investments in new information technology enterprises hit P1.168 billion for the period in review.

Additional funds were also put into ecozone facilities, amounting to P2.513 billion, while P20.864 million was invested in ecozone utilities.

A total of P11.113 million was also invested in ecozone services enterprise.

The biggest investors in the ecozones this year include Megaworld Corp., Epson Precision Philippines Inc. and White Cap Asia Pacific, Inc.

Megaworld is investing P568 million Ecozone investments... to construct a 30-story building to be known as Cyber One at the Eastwood City Cyberpark.

Epson is locating at the Lima Technology Center and has brought in P468 million to manufacture printer components, specifically ink jet print head, shaft and motor.

White Cap, for its part, is bringing in P427 million to manufacture bandguard caps for export to Holland, Malaysia, Taiwan and China. It is locating at the Carmelray Industrial Park II.