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HomeBusinessPBBM creates another ecozone in Tarlac province

PBBM creates another ecozone in Tarlac province

TARLAC CITY, Tarlac (October 7, 2024) — President Ferdinand “Bongbong” Marcos Jr issued Proclamation No. 701 last Saturday designating a 200-hectare plot in Barangay Lourdes here as a Special Economic Zone (SEZ).

The proclamation was made based on the recommendation of the Philippine Economic Zone Authority (PEZA) and in accordance with Republic Act No. 7916, also known as the “Special Economic Zone Act of 1995”.

This is the second designated ecozone in the province this year after the Victoria Industrial Park in Barangay Baculong in Victoria town in July.

Tarlacā€™s economy is driven by agriculture, manufacturing, and services, making the SEZs attractive to foreign investors. These projects are expected to bolster economic activities in the province.

Ronald Dizon
Ronald Dizon
Ronald was correspondent for several Philippine dailies and weeklies a score of years ago and was editor of a South Pacific paper. He still writes for this online news service and several local weeklies. If he's not busy, you might catch him online on cnc.net playing that godawful old game. "Aaaa kakakaka!!!!!"
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