THE Philippine Economic Zone Authority (PEZA) is eyeing the opening of 30 new ecozones in 2025. According to PEZA Director General Tereso O. Panga, the investment promotion agency (IPA) supports the plan to integrate small and medium enterprises (SMEs) into the ecozone value chain.
According to PEZA Director General Tereso O. Panga, the investment promotion agency supports the plan to integrate small and medium enterprises into the ecozone value chain.
The location of these new ecozones would mostly be in Calabarzon, but he added that they are looking at new growth areas, including rural areas. “ our performance under the current administration, we’re doing 16 proclamations. If we can double it, then that will definitely stimulate production as well as economic activities, especially in new growth areas,” he said.“When we get investors inquiring about onsite selection, if we don’t have land to offer them especially economic zones, easily just like that, we lose out to other competitors in the region,” Panga said.
A total of 16 economic zones were created, leading to commitments of P5.637 billion this year. This is higher than the 11 ecozones created with commitments reaching P3.538 billion last year.
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