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PEZA to build defense industrial economic zones before end of Duterte administration

Published March 17, 2021, 5:40 PM The Philippine Economic Zone Authority (PEZA) intends to turn military reservation areas into defense industrial economic zones before the end of the current administration. PEZA Director General Charito Plaza reiterated the plan to the newly-appointed commanding general of the Philippine Army, Lt. Gen. Jose Faustino Jr., during the latter’s visit to her office on Tuesday, March 16. According to Plaza, the agency is hopeful to start building the first-ever Defense Industrial Complexes using the Army’s reservation areas during Faustino’s tenure. “PEZA aims to establish different types of economic zones and spread development to the countryside based on the land potential of the region. This includes the proposed creation of Defense Industrial Complexes in the Philippines,” Plaza told Faustino.

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Economic zone pushed in Guimaras

A RoRo vessel at the port in Jordan town, Guimaras, province (Tara Yap/Manila Bulletin) “We need to have an economic driver,” said Nelson Ynion, a retired ship captain and president of the American Association of Western Visayas (AAWV). Ynion organized a recent forum in Buenavista town as he spearheads a private sector initiative to establish an economic zone in the island province that is highly dependent on the city and province of Iloilo. “Guimaras cannot just rely on the mango industry or tourism, especially during this time of pandemic,” Ynion told Manila Bulletin. “Guimaras needs something it can export and bring in money for local residents,” Ynion added.

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