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Bacolod City, Philippines Thursday, August 27, 2020
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More ecozones pushed
as part of recovery plan


Philippine Economic Zone Authority (PEZA) director general Charito Plaza yesterday underscored the role of establishing more economic zones, particularly in the countryside, as part of the country’s recovery plan amid the Covid-19 pandemic.

In a statement, Plaza said creating more ecozones will generate job opportunities for Filipinos and will hasten development in areas outside Metro Manila.

“Ecozones will be drivers for economic recovery and growth in every region, which will help create jobs for the locals and complete the supply needs in the area. When people have jobs, consumption increases, and local production booms. This will, in turn, boost socio-economic progress as well as reduce crime and poverty incidence in our regions as experienced by local government unit hosts,” she added.

She said that in the first half of the year, President Rodrigo Duterte signed 12 proclamations for new PEZA-registered ecozones.

Sixty-three applications are pending for Duterte’s signature.

“Covid-19 cannot stop PEZA and LGUs from industrializing our country and being an investment haven in Asia. PEZA stays committed to its 10-point programs that aim to address the efficiency factors towards attracting and assisting investors, to create a globally competitive, sustainable, and environment-friendly business environment in our economic zones, and to train and transform Filipino workers into multi-knowledge, multi-skilled, rich human capital, and world-class workers,” Plaza said.*PNA


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