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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