12 new ecozones approved

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Twelve new economic zones — nine information technology (IT) centers and two manufacturing ecozones and one IT park — worth P6.4 billion approved recently will serve as economic drivers in their communities during this time of new coronavirus disease 2019 crisis.

Charito Plaza, director-general of the Philippine Economic Zone Authority (PEZA) in a statement said

President Duterte signed in May and in June the proclamation of the new seven SEZs    Davao del Sur Industrial Economic Zone, a manufacturing ecozone;    BatStateU Knowledge, Innovation and Science Technology Park, and IT park and    GLAS Office Development, Bench City Center, Ortigas Technopoint Tower 1 & 2,
NEX Tower and  Robinsons Luisita 2, all IT centers.

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Plaza said the proclamation of Abiathar Commercial Complex, Ayala Bacolod Capitol Corporate Center, Silver City 4  and TDG Innovation and Global Business Solutions Center, all IT centers and;

Millennium Industrial Economic Zone, which is into manufacturing were signed in January.

“Once export companies invest in these newly proclaimed ecozones, these will surely multiply investment and economic activities and opportunities,” she said.

Majority of the new ecozones are in Luzon.

“Ecozones are sources or platforms of new technological transfer and innovations. It is important to note that local government unit (LGU) hosts of ecozones benefit from the presence of ecozones which improve their income and classification to a higher level compared to the absence of ecozones in some areas,” said Plaza.

Since the Duterte administration, 73 new ecozones have been proclaimed.
To date, PEZA registered and manages a total of 408 economic zones nationwide. The number may increase as public, private lands or even ancestral domain lands can be registered to PEZA as ecozone by the LGU concerned and through private sector initiative.
PEZA has a total of 4,542 locator companies directly and indirectly employing 6.5 million Filipino workers as of May 2020.

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