Investment Pledges for Economic Zones Decline by 38%

Total investments registered with the Philippine Economic Zone Authority (PEZA) plunged 38 percent in the 10 months to October as political uncertainties created at the start of the administration put a damper on investor interest. Investment pledges approved as of end-October reached P107.34 billion, lower than the P174.27 billion in the same period last year. The agency, however, is confident investment pledges would pick up in the coming…

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