The Philippine Economic Zone Authority will likely endorse applications for 30 new economic zones to the Office of the President, an official said over the weekend.
PEZA officer-in-charge Tereso Panga said in a board briefing on Friday that 30 ecozone developers submitted plans to put up new ecozones.
“A total of 64 items were discussed, [including] 30 ecozone developers and locator application projects with a total capital investment of P8.685 billion. Policy administrative, finance concerns, the inclusion of ecozone logistics services and the 30 percent extension of work-from-home arrangement [were] also presented to the PEZA board,” he said.
PEZA, which oversees more than 400 economic zones, focuses on the creation of more oil depots, refineries, agro-industrial, aquamarine, pharmaceutical, agro-forestry, minerals processing and renewable energy special economic zones for self-reliance and sustainable economy.
