PEZA seeks credit line for ecozone companies

    The Philippine Economic Zone Authority (PEZA) said it will seek partnerships with the Bangko Sentral ng Pilipinas (BSP) as well as local and foreign banks in creating credit facilities for ecozone developments.

    In a statement, PEZA director-general Charito Plaza said this will be tackled at the Global Biz News in time for the 26th anniversary of PEZA on February 24.

    PEZA which currently manages more than 4,605 registered companies and 410 operating ecozones also aims to explore credit facilities for export-driven enterprises and ecozone developers both in public and private sectors.

    PEZA expects officials from the BSP and the Development Bank of the Philippines (DBP) to attend Global Biz.

    PEZA recorded a total of P680.8 billion of investments, a very significant portion of which comes from the development of new ecozones all over the country.

    “PEZA is going beyond the traditional perception that ecozones are primarily or merely just the manufacturing or assembling type. There are different types of ecozones that can be established in idle lands depending on the viability and apt to the natural resources available in the area,” Plaza said.