PHILIPPINE Economic Zone Authority Director General Tereso Panga has highlighted the contribution of the die and mold industry in the economy and employment.In his keynote speech at the 10th Philippine Die and Mold Machineries and Equipment Exhibition at the World Trade Center, Pasay City, on Wednesday, Panga said there are 285 registered projects in PEZA that are engaged in the die and mold activity.These projects have generated a total of P23.49 billion in investments as of June 2023.
Philippine Export Zone Authority Director General Tereso Panga shakes hands with Philippine Die and Mold Association President George Ong after signing a Memorandum of Agreement on further collaboration on Aug. 23, 2024. These projects contribute to PEZA's consistent positive performance with our investments this year already totaling P97.163 billion, three times larger as compared to the same period last year,' he added.Panga said these investments also created 35,487 jobs inside economic zones.He said that through government and private sector collaboration, the Mold and Die Technology Support Center was established at Cavite Economic Zone.MTSC was funded by the Korean government with $6.