Bacolod cyberpark among new economic zones in PHL

The Philippine Economic Zone Authority (PEZA) said President Ferdinand Marcos Jr. proclaimed two new economic zones in Batangas Province and Bacolod City.

PEZA Director General Tereso O. Panga said “The two (2) economic zones will certainly bolster and spread economic growth outside the National Capital Region.

On 14 April 2023, Marcos signed Proclamation No. 200 promulgating a new IT park ecozone at Lacson Street in Banago, Bacolod City to be known as Robinsons Cyberpark Bacolod, with PhP777.350 million of projected investment.

The President also approved Proclamation No. 204 last 19 April 2023, designating several parcels of land located at Barangays Santiago, Luta Sur, and Bagong Pook in Malvar, Batangas for the expansion of Lima Technology Center – Special Economic Zone.

The expansion is expected to bring PhP864.224 million in investments.

Both new zones will bring in Php1.641 billion in investments.

“And with our 10% target growth for 2023, we remain on track in our goal of establishing at least thirty ecozones every year that create centers of economic progress outside the National Capital Region (NCR) to spur countryside development,” Panga added.

As of 19 April 2023, PEZA has 20 pending ecozones to be proclaimed by the President. The breakdown of which are: 11 IT centers, 8 manufacturing, and 1 agro-industrial ecozone.