19 April 2017
PHILIPPINES: State-owned SEZ Sector Set to Soar on Re-purposed Farm land
The development of Special Economic Zones (SEZs) is to be exempt from a proposed two-year moratorium on the re-purposing of farmland for non-agricultural use. According to the Philippine Economic Zone Authority (PEZA), this concession will facilitate the development of 36 new public SEZs across the country.
At present, PEZA administers 366 SEZs across the country, although only four of them are in public ownership.