19 economic zones proposed in SenateThe First Philippine Industrial Park in Batangas is one of the largest and fastest-growing ecozones in the country. MANILA, Philippines — There are a total of 19 proposed economic zones in the Senate, according to Sen. Juan Miguel ZubiriAs the new chairperson for the committee on economic affairs, Zubiri sought the advice of economic experts present at the briefing. The lawmaker said that there are 19 proposed economic zones, some of which are located in Mindoro, Marinduque, Eastern Visayas, Antique and Cebu. “The creation of 19 economic zones will seriously deteriorate your fiscal space,” Zubiri told the Department of Finance (DOF) Assistant Secretary Neil Cabiles, who represented the agency at the briefing. Zubiri said that these economic zones are individual charters so it will be hard to monitor.

Source: Philippine Star July 30, 2024 20:38 UTC