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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