THE Philippine Economic Zone Authority (PEZA) has announced the creation of six new economic zones (ecozones), which status is up for proclamation by the Office of the President (OP).
THE Philippine Economic Zone Authority has announced the creation of six new economic zones , which status is up for proclamation by the Office of the President .Projected to have a combined initial investment exceeding P5 billion, these industrial areas will have two sites in Cavite and one each in Pampanga, Tarlac, Ilocos Sur and Cebu.The developments consist of one information technology Park, three manufacturing zones, and two existing manufacturing zones due for expansion.
Director General Tereso Panga. Photo from Philippine Economic Zone Authority Fb pageThis year, the OP has proclaimed 11 more ecozones, including new and expansion projects with initial investments worth over P2 billion. Director General Tereso Panga earlier said centers of economic innovation and transformation will solidify the country's role as a global manufacturing hub, which, in turn, will create more jobs, spur economic growth in the communities around them, and support the administration's goal of achieving upper-middle income status for the Philippines.As of June 2024,
New Ecozones Up For Proclamation
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