By Beatriz Marie D. Cruz, Senior Reporter
INVESTMENT APPROVALS by the Philippine Economic Zone Authority (PEZA) slumped by 40% to P11.21 billion in July, it said on Friday.
In a statement, PEZA said its approved 17 new and expansion projects equivalent to P11.21 billion, a 39.71% drop from the P18.6 billlion approved in the same month last year.
The projects are expected to generate $2.54 billion in exports, a 241.12% increase from the $744 million recorded last year.
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