New ecozones to generate P3 billion investments

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December 22, 2025 | 12:00am

MANILA, Philippines — The recent designation of three new special economic zones is expected to lure more than P3 billion worth of investments and create about 7,000 jobs, Malacañang said yesterday.

Earlier this month, President Marcos issued three proclamations designating lands in Parañaque, Misamis Oriental and Laguna as special ecozones, areas where investors can get fiscal and non-fiscal incentives and privileges.

Executive Secretary Ralph Recto signed the proclamations by the authority of Marcos on Dec. 16.

The combined economic zones are projected to attract a total investment of P3.03 billion and generate up to 7,200 jobs, according to a statement issued by Recto’s office.

“These significant areas continue to attract investors because of their strategic location, skilled workforce, good infrastructure, and reliable utilities,” Recto said.

“It is just fitting that special economic zones are established in these areas. With this, we can keep building future-ready industries and generate more job opportunities not just for our countrymen in the said areas, but for all Filipinos across the country,” he added.

Proclamation 1111 turns 8912 ASEAN Avenue in Aseana City, Barangay Tambo, Parañaque into an information technology center to pave the way for digital innovations.

Proclamation 1112, meanwhile, designates several parcels of land along National Road, Purok 9 in barangays Cabug and Maanas in Medina, Misamis Oriental as an agro-industrial economic zone to be known as Alloco Development Corp. Industrial Estate.

Recto also signed Proclamation 1113, which designates portions of land at barangays Bubuyan and Punta in Laguna as a special economic zone to be known as the Filinvest Innovation Park Ciudad de Calamba.

The ecozones are subject to compliance with the provisions of the Special Economic Zone Act of 1995 as amended by Republic Act 8748, its implementing rules and regulations and relevant Philippine Economic Zone Authority (PEZA) board resolutions.

The three proclamations adhered to the recommendation of the board of directors of PEZA, which provides fiscal and non-fiscal incentives to registered enterprises.

The incentives being offered include income tax holiday of four to seven years depending on the location and industry priority and availment of special corporate income tax rate of five percent or enhanced deductions for ten years for export-oriented firms; tax-and-duty-free importation of capital equipment, raw materials, spare parts or accessories.