The Philippine Economic Zone Authority (PEZA) said on Monday it supports the veto of House Bill (HB) 7575 creating the Bulacan Airport City Special Economic Zone.
THE Philippine Economic Zone Authority said on Monday it supports the veto of House Bill 7575 creating the Bulacan Airport City Special Economic Zone.
Plaza noted that in the case of the proposed Bulacan Airport City Special Economic Zone, it should instead be registered with PEZA—the authorized agency nationwide for registering new special economic zones. In relation to the numerous IPAs and proposed new ones in Congress, the PEZA chief explained that “Legislated ecozones become the government’s burden as the national government has to provide the seed capital and the yearly budget allocated for its maintenance and operations as government subsidy provided each year.”
“So we are operating just like any government agencies and institution [and perhaps] that’s one of the defects of the vetoed Bulacan airport. Nobody should be spared from the regular audit and systems and processes of government,” added Plaza.
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