PEZA okays P1.8-B Bacolod ecozone

A 250-hectare Bacolod City Special Economic Zone with an investment of P1.844 billion is promoting its development as a free trade zone to attract light manufacturing operations for the export market.

The Philippine Economic Zone Authority (PEZA) has already approved the project entitling it to a package of incentives such as income tax holiday incentives, duty-free importation of capital equipment, among others.

Tommy de Leon, director for business development of the project developer Bacolod Real Estate Development Corp., said the project is being developed into a mixed-use economic zone.

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