MANILA, Philippines (Xinhua) - Investments in Philippine economic zones rose by 27.71 percent on year to $106 billion in January to June, the Philippine Economic Zone Authority (PEZA) said today.
PEZA Director General Lilia De Lima said local economic zones managed to attract more foreign investments despite the truck ban imposed by the Manila city government.
De Lima said investors have committed to funding some 300 new and expanding projects. This is 15 percent higher than the level registered in the same period last year.
She said companies manufacturing electronic products, consumer goods, toys, and medical equipment in local ecozones will get a lion's share of investments.