Friday, May 27, 2022

Shopee Bags Overall Brand Champion At The 2022 Marketing-Interactive PR Awards

The Marketing-Interactive PR Awards in Singapore has acknowledged Shopee having the top-performing campaigns in the industry.

A Child Remembers Marawi City

Learn about the story of a little boy who, with the support of an organization, overcame immense grief and anxiety in his community.

RELX International Supports Government On E-Cigarette’s Taxes And Policies

RELX International's flavored vape products will no longer be available in its outlets nationwide.

World Vision, Nagdilaab Foundation Ink Agreement To Boost Children’s Education In Basilan

World Vision partners with Nagdilaab Foundation to help families and the local government units in the province of Basilan provide better education and protection to children.

Bacolod Ecozone To Create More Jobs: Solon

Bacolod Ecozone To Create More Jobs: Solon

Spotlight

BAJAJ MAXIMA CARGOspot_img

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

The passage of the Bacolod Special Economic Zone Act is seen to bring in more investment and employment opportunities here on its road to recovery from the coronavirus disease 2019 (Covid-19) pandemic.

Lone District Rep. Greg Gasataya, who filed the House Bill (HB) 10243 for the purpose, said on Wednesday the legislation aims to strengthen the local economic scene and provide employment to Bacolodnons.

“As we recover from the pandemic, it is also imperative that we propose measures to stimulate economic activities,” Gasataya said in a statement after the bill was approved on Tuesday by the Senate committee on economic affairs chaired by Senator Imee Marcos.

He added the bill is “a product of our conversation with Senate Minority Leader Franklin Drilon about our vision for the development of Bacolod City”.

The Bacolod Special Economic Zone Act provides for the establishment of a special economic zone in the city and the creation of the Bacolod Special Economic Zone Authority or the BSEZA.

“Our city will be provided economic incentives to motivate both local and foreign investors and boost the local commercial scene. This will further provide employment, business opportunities, export and comparative advantage opportunities, more competitive wages, and an increase in land and property valuation,” Gasataya said.

He added this will also provide opportunities for graduates and skilled workers trained under the government scholarship programs to seek local employment instead of migrating for work.

Gasataya noted that the impact of economic zones in local economies such as Zamboanga City and Bataan has been evident.

In the Freeport Area of Bataan, formerly Bataan Export Processing Zone, investments increased from PHP390 million in 2012 to PHP6.2 billion in 2015 while in the Zamboanga City Special Economic Zone Authority and Freeport, investments surged to PHP9.7 billion in 2015 from only PHP9.8 million in 2014.

“We are hoping the establishment of our own ecozone and its careful implementation would result in the same kind of economic growth in Bacolod City,” Gasataya said.

According to the legislation, Bacolod Ecozone will cover a particular area located in the city, wherein the specific metes and bounds of which will be more particularly defined in a presidential proclamation that will be issued for the purpose. (PNA)

Spotlight

Shopee Bags Overall Brand Champion At The 2022 Marketing-Interactive PR Awards

The Marketing-Interactive PR Awards in Singapore has acknowledged Shopee having the top-performing campaigns in the industry.

A Child Remembers Marawi City

Learn about the story of a little boy who, with the support of an organization, overcame immense grief and anxiety in his community.

RELX International Supports Government On E-Cigarette’s Taxes And Policies

RELX International's flavored vape products will no longer be available in its outlets nationwide.

World Vision, Nagdilaab Foundation Ink Agreement To Boost Children’s Education In Basilan

World Vision partners with Nagdilaab Foundation to help families and the local government units in the province of Basilan provide better education and protection to children.

Lifestyle

Entertainment

More Stories

A Child Remembers Marawi City

Learn about the story of a little boy who, with the support of an organization, overcame immense grief and anxiety in his community.

Duterte OKs 2022 Strategic Investment Priority Plan

President Rodrigo Duterte has signed the 2022 Strategic Investment Priority Plan, which attempts to identify industries where tax advantages can be used to attract investment.

DOST Chief Hopes For Passage Of PSTO Act

Secretary of the Department of Science and Technology Fortunato de la Pea hopes that President Duterte would sign a measure raising the wages of officials at Provincial Science and Technology Centers during his last term.

Flood Mitigation Project In Pangasinan Town Completed

The flood mitigation project in Pangasinan has been completed and is expected to protect residential areas along the Agno River.

House Ratifies Bill Making Firms Responsible For Plastic Waste

The House of Representatives has approved a bicameral conference committee report on a bill that seeks to formalize the practice of extended producer responsibility in waste management.

Travel

Motoring