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Peza investments up 92% in H1

More foreign firms express interest in setting up shop in PH

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PEZA Director General Lilia de Lima: We’re on the radar of European companies

Investment pledges registered with the Philippine Economic Zone Authority (Peza) surged by nearly 92 percent to P83.7 billion in the first six months of 2013 from the P43.6 billion recorded a year ago.

The bulk of these investments came from manufacturing companies, most of which are based in Japan, Peza director general Lilia de Lima said on the sidelines of the Sonion Philippines Inc. facility inauguration in Batangas.

De Lima noted that a lot of foreign companies are now inclined to put up their respective facilities in the Philippines, given the robust performance of the local economy and the ease of doing business in an economic zone.

“What’s good now is that we’re on the radar of European companies … those from Germany and the UK. In the United States, when we went to New York and San Francisco, I talked to several firms there who are interested. These are from the manufacturing and IT sectors,” De Lima revealed.

There also has been “several leads” from automotive firms, but the Peza head declined to cite further details until agreements have been firmed up.

What is clear, according to De Lima, is that once these investments materialize and companies start their operations, employment and export figures will also increase.

De Lima further assured prospective investors that there is adequate space in economic zones as new areas are being developed in Cavite, Laguna, Batangas and Central Luzon, while existing ones are also being expanded to accommodate new companies. On the average, the utilization rate of existing economic zones are said to be 85 to 90 percent.

According to De Lima, Peza has already approved applications for the creation of new economic zones, but these may need presidential proclamations before the areas are developed.

At present, there are already 286 economic zones in the country, she said.

Also, De Lima revealed that several firms operating in the country’s economic zones will inaugurate new facilities within the year.

Some of the companies are Canon Inc. and Brother Industries Ltd., which will be making printers with reported investments of 6 billion yen and 4.23 million yen, respectively; Japanese electronics manufacturer Funai Electric Co. Ltd., which took over the inkjet business of Lexmark International; and electronics components maker Murata Manufacturing Co. Ltd., which was earlier reported to have invested 620 million yen.


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  • mansky…

    good job madam..just continue to streamline the beaucracy for investor,siguruhin nyong mula pagpasok ng kanilang raw product at paglabas ng pinas bilang isa ng produkto ay hassle free mula sa mga kurakot ng lansangan.maglagay kayo ng special economic police force na maniniguro na ligtas mula sa mga hijacker ang mga container na papuntang port..sana lang ay di mabago kung anu man ung policy ni pinoy about investor na galangin at iimprove pa ng papalit na pres.CONTINUITY!!continue to improve our infrastracture in a corrupt free manner.container trucks on the road is a sign of economic activity more container trucks means a robust economic activity.very exciting ang nangyayari sa pinas ngayun from AFP nodernization to an upward trend in economic activity in our economic zone,we have now a good momentum and lets keep that momentum going.

  • ConcernedCitizenPh

    Matagal na tayo nasa radar ng mga investor because of same language, religion, culture (except culture of corruption). Pero mas matagal mag-adjust ng policies ang gobyerno kaya kahit sa mga muslim, communist, non-English speaking countries napapadpad ang mga investor.

  • 1voxPopuli

    “darn it” – negastars

  • http://pinayshopper.blogspot.com/ PinayShopper2010

    whatever administration PEZA Director De Lima is under, she’s still doing great! That’s doing your job in a very professional and non-political way! Kudos to you madam!
    more factories means more jobs for more all pinoys!

  • carlcid

    Meanwhile, Kim Henares wants to cut off tax incentives for industries because she is only concerned about attaining her revenue targets.

  • neilabarca

    KUNG ang PUHUNAN sa Pilipinas ay tumaas ng 92% sa EPZA, DAHIL sa KULELAT tayo sa ASEAN in terms of Foreign Direct Investment, ini-IMAGINE ko na MAS NAGING MATINDI at mas mabilis ang pag-asenso ng ating mga kalapit bansa, kumpara sa Pilipinas.

    Halimbawa na lang, mas malaki ang ipinagbago ng Phom Pehn at Hanoi (Cambodia at Vietnam) nuong 2003 nung ako’y dumalaw dun, kung ikukumpara ng ako’y bumalik kamakailan lang ( january, 2013)…

    NAKAKALUNGKOT, MUKHANG AABUTAN, OOVERTAKAN o LALAGPASAN na ang PILIPINAS ng Cambodia at Vietnam…

    • MDLANHAM

      Okey, you might as well consider relocating there. We are here to stay. Go Pilipinas!!!!!

    • Dibs

      talagang nakakaawa tayo. but don’t fret. i visited our manufacturing line in vietnam —- grabe, napaka-innefficient nila, systemic ung problema. kaya, yantiya ko not in my lifetime na ma-‘OOVERTAKAN’ tayo ng vietnam. as engineers and mfg workers, we are so efficient..this is our advantage. problema lang talaga is that cost of manufacturing sa pinas is nakakahilo!

      btw, not sure how true, but intel is planning to pull out some of its product line in vietnam and move them somewhere due to reason i mentioned above…i just hope na ibalik nila sa pinas…..

      the ball is on our gov’t now….ewan ko kung paano nila gawin ‘to but they have to do something. fyi: in terms of semicon mfg, my assessment is that we are better than the malaysians, singaporeans and even chinese.

      • sigena

        mahal pilipinas sa kuryente, yun lang yun.

    • Karabkatab

      E widen mo ng konti ang focus neil. Ang Pilipinas ay hindi lang naman metro Manila. Noong pumunta ako ng Davao at Bukidnon last month, I noticed a significant leap in economic activities of the areas. I may not have the hot numbers and statistics but looking at the traffic of cargo trucks plying in the area, there is indeed a significant improvment in the production sector.

    • Diablo_III

      bakit malaki ang GDP natin? kesa sa kanila…

      • ConcernedCitizenPh

        Because our bigger population means it has bigger consumption and private consumption is part of the GDP equation that includes FDIs, government spending and excess of exports over imports. GDP per capita is a better measure of spending power per person though it still does not distinguish the source of cash like ofw remittances

  • noelpogi

    Umpisa na!

  • FORTHE GOOD

    Great news! this will create more employment.

  • ernievictory

    welcome’ yan para maibsan ang unemployment sa bansa. go PNoy and team . you’re doing a good job. kaya pwede ng mag apply ang mga supot tulad ni weder weder at spitfire . ewan ko lang kung papasa sila sa IQ at psychological tests. bwaha ha ha…

    • stopcorruption007

      san na kaya ang mga nega..hehehe

    • stopcorruption007

      isama mo pa dyan si fulpol, kung sa bagay isang tao lang ang mga yon.



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