Investments registered by the Philippine Economic Zone Authority
increased by a marginal 1.21 percent in 2014, a consequence of the truck
ban in Manila that triggered a seven-monthlong congestion in the
capital’s main gateways.
According to Peza Head for Promotion and Public Relations Group Elmer
San Pascual, investments as of December 2014 is at $279.477 billion,
which fell short of the 10-percent target for 2014.
“Malaki epekto ng port congestion. Those who were planning to expand had
to rethink their expansion plans because their raw materials were not
coming in and they, likewise, can’t ship out their finished products,”
San Pascual said.
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