The temporary ban on eco-zones within Metro Manila should be lifted within the year to pave the way for the development of new Information Technology (IT) centers in the region, according to the Philippine Economic Zone Authority (Peza).
THE temporary ban on eco-zones within Metro Manila should be lifted within the year to pave the way for the development of new Information Technology centers in the region, according to the Philippine Economic Zone Authority .
The Peza chief hopes the moratorium on ecozones within Metro Manila will be lifted within the year as the CREATE law should prevail over the AO 18. Panga said Peza has already endorsed around 10 or 20 projects to the Office of the President for Metro Manila locations. He added that the OP has been receptive to Peza, as the investment promotion agency “lacks spaces” to offer to new entrants in the Information and Communications Technology Business.
This specific provision in the Order was imposed to complement strategies and policies on rural development.Meanwhile, Panga said once the moratorium is lifted, this would still be consistent with the goal of the administration to develop the countryside.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Peza prequalifies 8 ecozone projects worth P33BThe Peza on Tuesday said it pre-qualified eight economic zone projects worth P33 billion during the first half of the year, paving the way for the next approval process for these big-ticket investments.
Read more »
PEZA Board prequalifies 8 big-ticket ecozone projects in first half of 2023 | Andrea E. San JuanThe Philippine Economic Zone Authority (PEZA) on Tuesday announced it has pre-qualified eight big-ticket ecozone development projects amounting to P33.002 billion worth of investments in the first half of 2023. According to PEZA, these new and expansion ecozones will undergo Fiscal Incentives Review Board (FIRB) approval for projects with minimum…
Read more »
Manila cops in alleged robbery-extortion case surrender to authoritiesThe five cops who allegedly robbed a computer shop and attempted to extort money from its owner in Manila have surrendered to authorities Monday evening.
Read more »
The Boyz cements bond with PH Deobis in first solo Manila concertMembers of K-pop supergroup The Boyz captivated their PH Deobis with their intense charisma and pure talent during 'THE BOYZ 2ND WORLD TOUR: ZENERATION' solo concert on Saturday at the Araneta Coliseum. ZENERATION_MNL
Read more »
United Airlines to launch direct US-Manila flights by October 29United Airlines will start flying directly from San Francisco to Manila by October 29 this year, becoming the only United States carrier to offer direct flights from the Philippines to continental US.
Read more »