work4pinoy start page
 
 
  January 3, 2012: PEZA Reports 41% Investments, 15% Employment And 4.5% Export Growth

The Philippines Economic Zone Authority (PEZA), the state agency in charge of export-oriented manufacturing enterprises. Was able to beat the odds in 2011 ending the year with sterling performances in terms of investment generation, employment and exports.
PEZA Director-General Lilia B. De Lima announced a 41 percent increase in investments, 15 percent in employment and 4.5 percent in exports over 2010 figures.
“Despite the odds we are lucky to beat our 12, 12 growth targets in investments and employment generation,” said De Lima.
De Lima reported that PEZA was able to generate a total of P288.34 billion in investments for the whole of 2011 or 41 percent higher than the P204.395 billion investments haul in 2010.
Employment generation was also up 10 15 percent to 837,136 total jobs in the various ecozones registered with PEZA as against, 728,318 direct jobs generated in 2010.
De Lima even noted that jobs generated in PEZA ecozones have six times multiplier effects in terms of indirect jobs creation and eight times for the electronics sector.
This means that PEZA successful surpassed by miles its 12-12 investment and employment growth targets for 2011 over 2010.
PEZA, however, failed to realize its 12 percent growth target for exports but was still able to post a positive growth.
As of November this year, PEZA exports have been up by a modest 4.54 percent or $38.677 billion versus $36.997 in 2010.
Growth in exports suffered given the economic slowdown in the US and Europe, the country’s major exports for electronics items.
The earthquake and tsunami tragedies in Japan have also dampened operations of electronics companies, whose supply chain was disrupted leading to the closure of factories in Japan for months.
There are 257 PEZA operating ecozones and 2,600 operating locator enterprises, all export-oriented. The ecozones include three government-owned ones located in Cebu, Cavite and Baguio.
De Lima further said that prospects for 2012 are good with the manufacturing and IT sectors to continue leading and growth.
The PEA-run ecozones have been favorite destinations among export-oriented enterprises because of the efficient service the agency provides to its registered enterprises.
PEZA also provides a generous package of incentives including income tax holiday, five percent tax on gross income, zero duty on imported capital equipment and employment of foreign nationals, among others.

Source: Manila Bulletin - January 3, 2012

Jobs + Resumes

Today Philippines:

0 job ads

Today international:

3245038 job ads
6 resumes

NEWS

March 7, 2020
Huge job losses seen due to COVID-19 ..... [more]

March 6, 2020
Underemployment down in January ..... [more]

March 4, 2020
Concentrix hiring 6,000 more workers ..... [more]

CONTACT