President Ferdinand R. Marcos Jr. has issued two proclamations creating and designating a building on a parcel of land in Mandurriao, Iloilo City as a Special Economic Zone (SEZ) and expanding the Lima Technology Center-Special Economic Zone in Malvar, Batangas.
Proclamation Nos. 668 and 670 were issued by the President on August 27 upon the recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA).
Proclamation No. 668 creates and designates a building and the parcels of land on which it stands as an Information Technology Center, identified as Lot 16-E, Psd-06-069682, and Lot 16-D-1, Psd-06-085931 in Iloilo City, Island of Panay.
The building designated is to be known as “The Grid.”
Proclamation No. 670, on the other hand, designates several parcels of land as an inclusion to the existing Lima Technology Center-Special Economic Zone, identified as Lot 2 Pcs-04-004370, Lot 1 Pcs-04-004370, Lot 5572 Psc-47, Lot 3 Psu-194217, Lot 2 Psu-194217, Lot 1 Psu-194217, and Lot 5575 Psc-47.
Also identified in the proclamation are Lot 8 Ccs-04-005168-D, Lot 1-B Psd-4A-012120, Lot 5496-A Psd-04-132073, Lot 1 Psu-185706, Lot 5594-D Psd-041017-057499, and Lot 55 Psd-041017-057499, located in Malvar, Batangas.
The President’s proclamation was signed by Executive Secretary Lucas Bersamin.
According to PEZA, as of April 2023, there is a total of 419 economic zones in the country, 297 of which are information technology parks or centers.
PEZA promotes the establishment of economic zones in the Philippines to attract foreign investments. *PND* -AL
