18 Disyembre,2024 Miyerkules
13 days to 2025, Merry Christmas
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PM for any hospital discharge problem
ABS 2025
27 ecozones worth P9.2 B under Marcos admin
By Nidz Godino
“Reinstatement of ecozone program in medium-term development plan gives us enough confidence to also reach out to investors to invest in the Philippines,” Philippine Economic Zone Authority (PEZA) director general Tereso Panga said total of 27 economic zones with investments worth over P9 billion have been proclaimed under Marcos administration to boost economic growth.
Panga told reporters that proclaimed ecozones are worth P9.175 billion.
For this year alone, he said 16 ecozones with investments of P5.637 billion were proclaimed by President Ferdinand Marcos Jr.
Those proclaimed this year include four information technology parks Sevina Park Commercial in Laguna, ArcoVia City in Pasig City, Taft East Gate in Cebu and Tupi IT Park in South Cotabato as well as IT centers The Grid in Iloilo and Xentromall Antipolo City in Rizal.
Also proclaimed were manufacturing ecozones including the MetroCas Industrial Estates in Cavite, Victoria Industrial Park and TARI Estate both in Tarlac, NDC Industrial Estate in Cavite, as well as the expansion of the Gateway Business Park in Cavite and West Cebu Industrial Park in Cebu.
Last year, 11 ecozones with investments worth P3.538 billion were proclaimed by Marcos.
Philippine Development Plan for 2023 to 2028, serves as country’s overall development blueprint, recognizes important role of ecozones in maximizing investments and promoting development especially outside metropolitan areas.
He said nine out of top 10 richest cities or provinces in the country such as Baguio City, Cagayan de Oro City, Lapu-Lapu City, Iloilo City, Bataan, Cebu City, Laguna, Mandaue City and Davao City host ecozones.
“We see direct correlation, more ecozones hosted by LGU ,local government unit, the higher level of progress,” he said.
He said creation of more ecozones will allow country to attract more investments.
“It’s so low-hanging as growth strategy, and we’ve been saying if only we’re able to create more ecozones, this will provide more readily available areas for investors,” he said.
PEZA expects total approved investments this year to reach P215 billion, highest in seven years.
Last year, PEZA approved P175.71 billion worth of investments.
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