PEZA chief: Ecozones crucial in boosting LGU revenues

PTVPhilippines

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00:00The Philippine Economic Zone Authority, or PESA, highlighted the role of ecozones in driving economic development,

00:07particularly in wealthier local government units, with nine of the top 10 richest LGUs hosting PESA zones.

00:15Based on Philippine News Agency's report, PESA Director-General Tereso Panga emphasized the direct correlation

00:25between hosting ecozones and higher levels of development, suggesting that ecozones can drive growth beyond Metro Manila.

00:34He also noted the inclusion of ecozones in the Philippine Development Plan 2023-2028 promotes industrial expansion in rural areas.

00:44Between 2023 and 2024, President Ferdinand Marquez, Jr. approved the establishment of 27 new ecozones,

00:53including manufacturing ecozones and IT parks, with total investments of Php 9.18 billion.

01:02Notable projects include Robinson Cyber Park in Bacolod, PhilChris Central IT Park in Davao, and various expansions of existing ecozones.

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