ECOZONE EXPORTS SURGE 22.4% TO $20.62 BILLION IN 8 MONTHS
MANILA, September 24, 2004 (STAR) By Marianne V. Go - Exports by firms operating in the economic zones surged 22.4 percent to $20.619 billion in the first eight months of 2004, the Philippine Economic Zone Authority (PEZA) reported yesterday.
In its report, PEZA said the bulk of the export revenues came from 36 privately-run economic zones scattered throughout the country, accounting for $15.845 billion or an increase of 27.5 percent from the previous level of $12.424 billion in the same period a year ago.
As of May 2004, there are 65 operating ecozones, including government-owned export processing zones and information technology (IT) parks registered with PEZA.
Among the biggest contributors to the ecozone exports are the Laguna Technopark, the Light Industry and Science Park, Carmelray
Industrial Park, Gateway Business Park, and First Cavite Industrial Estate.
The four government-run zones (Baguio, Bataan, Cavite and Mactan), meanwhile, contributed $4.667 billion to the export volume, up by 7.6 percent from last year’s figure.
The special IT buildings and IT parks, for their part, posted $106.29
million in exports of services during the eight-month period, higher by 41.9 percent from only $74.87 million a year earlier.
PEZA also reported that employment in the special ecozones has breached past the one million mark, with 400,360 directly employed by the ecozone locator-firms and 600,540 indirectly employed.
In the first seven months this year, PEZA said investments made by the locator-firms more than doubled to P28.43 billion from P12.30 billion in the comparable period last year.
Reported by: Sol Jose Vanzi
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