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Byline: Jessica Anne D. Hermosa
THE PHILIPPINE Economic Zone Authority (PEZA) is holding off from revising investment targets to more ambitious levels despite the first quarter surge, preferring instead to monitor whether growth will be sustained.
The uptick recorded in the first quarter could just have been due to the record low base seen in the same period last year, PEZA Director- General Lilia B. de Lima told reporters at the sidelines of the state agency's annual recognition rites for top investors.
The projection of a 15% growth in investment pledges this year to P201.670 billion will thus be maintained until second quarter figures are in.