Apr 25, 2015
Philippine economic zones lost P25 billion investments due to port congestion
Philippine economic zones lost P25 billion investments due to port congestion
MANILA: The country’s economic zones lost an estimated P25 billion worth of investments last year due to the port congestion, the Philippine Economic Zone Authority (PEZA) said.
Elmer San Pascual, promotion and public relations group manager at PEZA, told reporters the investments intended to expand operations of existing locators were put on hold amid congestion at the ports last year.
“There…
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