2 economic zones proclaimed in Batangas, Bacolod City

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Malacañang has proclaimed two new new economic zones,  one in Batangas Province and  the other in Bacolod City the development of which entails a combined cost of  P1.64 billion.

PANGA

Twenty more ecozones are pending  for  presidential proclamation as of April 19: 11 information technology (IT) centers, 8 manufacturing, and one agro-industrial ecozone.

Proclamation No. 402 dated April 19 designated  several parcels of land in  Barangays Santiago, Luta Sur, and Bagong Pook in Malvar as expansion areas of Lima Technology Center — Special Economic Zone owned by the Aboitiz Group.

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The expansion is expected to bring P864.22 million of investments.

In  Proclamation No. 200 dated April 14,  Robinsons Cyberpark Bacolod was proclaimed a  new IT park ecozone. Located on  Lacson street in Banago, the project  costs P777.35 million.

Tereso Panga, PEZA director-general, said  the agency is on track in its goal of establishing at least 30  ecozones every year. – Irma Isip

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