Tuesday, 20 April 2010

Baguio ecozone exports rise 73% in Q1

Manila Bulletin

Exports of Baguio City Economic Zone (BCEZ) in the first quarter this year went up 73.11 percent in the first quarter this year to $895 million from $517 million in the first quarter last year.

BCEZ Zone Administrator Dante Quindoza said that BEPZ robust exports indicated a strong recovery of the electronics sector which registered a steep decline in 2009 due to the global financial crisis.

Quindoza said that of the $895 million exports in the first quarter, TI Philippines accounted for 95 percent for a total of $857 million. Despite the crisis last year, total exports of BEPZ still managed to grow to $2.86 billion from $2.74 billion in 2008.

Employment also has been up to 9,000 from 8,060 last year as companies have been hiring again.

In the mood for expansion this year are 6 BPO companies, which could expand in the IT buildings being built by the Ayala-owned Hillsport Property Corp. Quindoza said that more companies would like to locate in BEPZ but they have no more space for expansion. The 6.5 hectares that BEPZ was able to secure from the nearby property of Bases Conversion Development Authority have been occupied by the expansion of Moog Corp.

Camp John Hay is also registered with PEZA but locators are limited to light industries not manufacturing operations. “Companies just love to locate in Baguio,” said Quindoza.

BEPZ has a total of 63-hectares, 20 hectares of which have been occupied by TI.

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