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The Baguio City Economic Zone Authority announced on Monday it would
double its investments by end-December.
Zone Administrator Tereso O. Panga told
reporters that the city can expect at least P6.8872 billion worth of
investments to come in towards the latter of December, more than
double the previous year of only P3. 667 billion.
“This will be achieved with the development of
more ecozones within Baguio City such as SM Cyberzone, Alpha PCM and
PR Halili IT Buildings, John Hay tourism Econzone, and Hankyung and
Baguio Country Club Retirement Ecozones,” Panga said.
Panga said investment projects that have pending
application to BCEZ include JFS Precision Technology Corp with P30
million investments, Hankyung and Baguio Country Club Retirement
Ecozones with $10 million investments and Mobilution with $1.5
million.
Meanwhile, pipeline expansion projects include
NTUI Call Center, P4.5 million, Moog Controls Corp. with $105
million, Sitel’s Phase 3 with $5.5 million, LTX Asia with $1.3
million and Contact Masters with $1.3 million.
Last year, PEZA’s total registered investments
stood at P133.732 billion, or 60 percent higher than the
P83.674-billion pledged last year, and higher than this year’s
target of P100 billion.
-- Katrina Mennen A. Valdez
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