NextGen Day

President Ferdinand R. Marcos Jr. has established two new economic zones in Batangas province and Bacolod City, which are anticipated to attract investments worth a combined PHP1.64 billion, according to a report from the Philippine Economic Zone Authority (PEZA) on Tuesday.

According to a statement from PEZA, Proclamation 200, which was signed on April 14, designates Robinsons Cyberpark Bacolod as a new information technology (IT) park in Banago, Bacolod City, and Proclamation 402, which was signed on April 19, approves the growth of the Lima Technology Center – Special Economic Zone in Malvar, Batangas.

The anticipated investment for the IT park in Bacolod is PHP777.35 million, whereas the estimated cost of the Lima Technology Center extension was PHP864.22 million.

Tereso Panga, director general of PEZA, stated that “the two economic zones will unquestionably bolster and spread economic growth outside the National Capital Region (NCR)”.

Twenty ecozone projects, including 11 information technology centers, eight manufacturing ecozones, and one agro-industrial ecozone, according to Panga, are awaiting the President’s permission.

“And with our 10 percent target growth for 2023, we remain on track in our goal of establishing at least 30 ecozones every year that create centers of economic progress outside the NCR to spur countryside development,” he continued.

The PEZA director reaffirmed that ecozones are seen by the Marcos administration as engines for inclusive growth that are anticipated to create jobs, particularly in rural areas.

Save/Share this story with QR CODE

---

Disclaimer

This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

Need to get in touch?

Feel free to Contact NextGenDay.com for comments, suggestions, reviews, or anything else.

---

We appreciate your reading. Simple Ways To Say Thanks & Support Us:
1.) GIVE A TIP. Send a small donation thru Paypal
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
3.) BUY or SIGN UP to our AFFILIATE PARTNERS.
4.) Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).

---

AFFILIATE PARTNERS

World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.

---