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Manila Bulletin devider Trade & Energy devider Malacanang approves 2 new PEZA ecozones

Malacanang approves 2 new PEZA ecozones

Published Apr 25, 2023 07:23 am



The President signed Proclamation No. 200 on April 14 promulgating a new IT park ecozone at Lacson Street in Banago, Bacolod City to be known as Robinsons Cyberpark Bacolod, with investment of P777.350 million. The President likewise approved Proclamation No. 402 last 19 April, designating several parcels of land located at Barangays Santiago, Luta Sur, and Bagong Pook in Malvar, Batangas for the expansion of Lima Technology Center – Special Economic Zone. The expansion is expected to bring P864.224 million worth of investments. The two economic zones will certainly bolster and spread economic growth outside the National Capital Region,” said Panga. He said the new ecozones will make its 10 percent growth target 2023 track. This will also bolster its goal of establishing at least thirty ecozones every year to create centers of economic progress outside the NCR to spur countryside development. As of 19 April 2023, PEZA has 20 pending ecozones to be proclaimed by the President. The breakdown of which are: 11 IT centers, 8 manufacturing, and 1 agro-industrial ecozone. The approval of the new ecozones is exactly what the government needs to continue the Marcos administration’s goal for inclusive economic development and jobs creation. “More investments mean more exports and more jobs,” said Panga.

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Philippine Economic Zone Authority (PEZA) Malacanang ecozones PEZA Director-General Tereso O. Panga
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