Thursday, October 2, 2025

SM-Santa Rosa converts Into IT economic zone

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SM City Santa Rosa IT Center in Sta. Rosa, Laguna, will soon be transformed into an Information Technology Economic Zone, entitled to fiscal and non-fiscal incentives, including tax breaks.

This follows the signing of the registration of the property by SM Offices with the Philippine Economic Zone Authority (PEZA) last Monday. 

President Ferdinand Marcos Jr., in June, signed

Proclamation No. 944 officially designates a portion of SM City Santa Rosa as a special IT ecozone under PEZA.

“Accreditation as an IT ecozone under PEZA provides fiscal and non-fiscal incentives, including income tax holidays, tax and duty exemptions, streamlined import–export procedures, and access to Special Non-Immigrant Visas. The designation also ensures modern infrastructure and efficient government services, creating a strategic edge for registered IT enterprises in the Philippines,” parent company SM Prime said in a statement.

The company stated that the IT Center is expected to enhance Laguna’s standing as a preferred location for the IT-BPM sector and contribute to the expansion of investments outside Metro Manila, according to Alexis Ortiga, SM Prime’s head of SM Offices.

 For its part,  PEZA said it stands ready to handhold locators seeking to set up operations in the Philippines as “we advance our country’s role as one of the leading global IT-BPM hubs in Asia,” Tereso Panga, PEZA director general, said.

PEZA reported a 100 percent increase in investment approvals in the first seven months of 2025, reaching P90.6 billion, with up to 30 new ecozones expected by year-end.

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