PEZA, Japanese firm to expand manufacturing in PH

PTVPhilippines

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00:00The country's manufacturing sector gets a welcome shot in the arm with a capital infusion of 1.8

00:06billion pesos to hike production of medical equipment and suspension assemblies in their

00:10manufacturing facility at the Cavite Economic Zone. The announcement made public by the

00:16Philippine Economic Zone Authority or PESA after an inking of a registration deal between PESA

00:21Director General Tereso Panga and PIME's President Tetsuya Matsusaki last Thursday, February 13.

00:29As a result, at least 200 more jobs will be generated and sourced from local residents

00:34once operations step up next month. This latest input brings to a total of roughly 4.8 billion

00:40pesos put in by the PIME's company since December of last year. And PESA Head Honcho Tereso Panga

00:47is even more rosy about investment prospects this year following the signing of the

00:53Implementing Rules and Regulations of the CREATE MORE Act on Monday, February 17.

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