Ecozone exports up 7% to $12.8B in H1

The Philippine Economic Zone Authority (PEZA) reported yesterday that export earnings from locators at the special economic zones rose by nearly seven percent to $12.84 billion in the first six months of the year from $12.02 billion a year ago.

According to PEZA, exports managed to improve despite the drop in investment inflows during the first half of the year.

From January to June this year, PEZA-approved investments amounted to only P11.3 billion, or 27 percent lower than last year’s P15.4 billion.

For the month of June alone, the agency has approved new export enterprises, 13 expansion projects of existing export enterprises, one information technology (IT) enterprise and two facilities enterprises.

The new approved export enterprises are SHS Perforated Material Inc., JRD Systems Technology Inc., SU Style Inc., Cebu Shioda Factory Corp., OM Electrolyzing Inc., Conchology Inc., Scan View Printing Inc., and Metamorfose Furniture International Inc.