Cagayan Freeport creates about 6,000 jobs

Thousands of Filipinos have found jobs at the Cagayan Special Economic Zone and Freeport, as the new economic hub in northeast Luzon continued to draw fresh investments and international tourists.

Cagayan Economic Zone Authority Administrator and CEO Jose Mari Ponce reported that in just seven years, the number of potential jobs in the economic zone increased exponentially from just 195 in 2002 to 5,918 as of August 2008.

The 2008 employment expectation in the economic zone rose 80 percent from 3,283 potential jobs that were registered in 2007. Potential job generation was estimated at 2,541 in 2006.[Read More...]

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