Issue of November 15, 2020
Other Links:
PEZA logs P73 B worth projects in 10 months
by PNA

Projects registered with the Philippine Economic Zone Authority in the first 10 months of the year have reached P72.6 billion.

In her speech during the fourth quarter general membership meeting last week of the Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI), PEZA Director-General Charito Plaza said PEZA’s investment approval in January to October was 27 percent lower than the P99.3B approved projects in the same period in 2019.

These came from 248 projects registered for the period, down by 45 percent from 454 projects last year.

On the other hand, export revenues in the economic zones slightly increased by 0.63 percent to $40.8B from January to September from $40.5B in the previous year.

“Despite the pandemic, PEZA continuously received expansions and new investments, same with the semiconductor and electronics, which still continue to contribute the biggest export income on commodities and goods,” Plaza said.

Investments from the semiconductor and electronics industry in PEZA reached P8.8B from January to October, declining by 24.7 percent from its P11.8B investments in the same period in 2019.

Exports of PEZA-registered semiconductor and electronics firms also slowed down by 8.2 percent by September to $16.7B from $18.2B in the same period a year ago.

Meanwhile, data from SEIPI show total electronics industry exports in September  alone reached $3.9B, an improvement of 14 percent compared to its previous month.

SEIPI president Dan Lachica earlier said the group revised the industry growth forecast for 2020 from -15 percent to -5 percent.

Lachica added 2021 will be a better year for the industry with a projected outlook of seven percent growth.

This will depend on the outcome of the Corporate Recovery and Tax Incentives for Enterprises bill availability of the Covid-19 vaccine.

SEIPI chair Glenn Everest said there will be emerging technologies post-Covid, which the Philippine semiconductor and electronics industry may look into.

Your Ad Here

Financial aid for hog raisers affected by ASF dwindling

Entry rules at trading post stricter as COVID cases rises

Council seeks to make survival urban gardening permanent

Malagos triumph highlights quality of Philippine cacao

Ex-OFWs from Abra receive livelihood aid

P4-M PRDP aid boosts MP group’s coffee biz

DA holds 6th carabao confab

BSU certified as potato seed producer, a first in N Luzon

DA readies digital cash, food aid for farmers, fisherfolks

Public called to join fight against investment scams

Holders of initial Premyo bonds are first-time investors in GS

InLife launches P1 B investment portfolio

Security Bank is RP’s best FX bank

Presidential communication to Spokesperson Harry Roque
Sangguniang Panlalawigan ng Benguet

Baguio Central University
Benguet Electric Cooperative, Inc.
Congressman Eric Yap
Congressman Mark Go
Department of Labor and Employment – CAR
Department of Trade and Industry – CAR
Mayor Romeo K. Salda
National Grid Corporation of the Philippines
Pines City Colleges

Amare La Cucina
Assumption Medical Diagnostic Center, Inc.
Baguio Center Mall
Baguio Water District
Bruno’s Restaurant
Bureau of Fisheries and Acquatic Resources – CAR
C & Triple A Supermart
Department of Agriculture – CAR
Department of Transportation
Gov. Melchor D. Diclas, MD
John Hay Management Corporation
Mayor Benjamin B. Magalong
MV Alabanza
Rianella Printing Press
Veterans Bank
Vice Mayor Faustino A. Olowan and Family

Home | About Us | Editorial Policy | Contact Us  
News | Opinion | Snapshots | Week's Mail | Obituaries  
Copyright © 2007-2015. All Rights Reserved.