PGMA proclaims Leyte special economic zone

April 29, 2009 3:16 am 

TACLOBAN CITY, April 28 — President Gloria Macapagal-Arroyo today (Tuesday) proclaimed 300,408 square meters of land in Barangay Montebello in Kananga as a special economic zone, giving another major boost to Leyte’s business and economic development.

The President’s proclamation was announced by Press Secretary Cerge Remonde at a press briefing following the out-of-town Cabinet meeting held at the VIP Lounge of the Daniel Z. Romualdez Airport.

The President arrived here for a series of official engagements, including the formal opening of the 2009 Palarong Pambansa.

“I am very happy to announce the good news for the people of the province of Leyte this issuance of presidential proclamation, creating and designating two parcels of land as special economic zone,” Remonde said.

Last year, Leyte was chosen as the most business-friendly province by the Philippine Chamber of Commerce and Industry (PCCI).

Gov. Jericho Carlos Petilla described the PICC award as a good indicator that his province is taking the right direction in business promotion and encouraging businessmen to invest in Leyte.

According to the Leyte Chronicle, a local newspaper, Leyte´s nomination for the PCCI recognition was made following the province´s formulation and implementation of the Leyte Business and Investment Code and the institutionalization of the Leyte Provincial Business Month every October.

The provincial administration was also cited for its efforts to promote the province as an Information Technology (IT) destination through the Philippine Economic Zone Authority’s (PEZA) declaration of the Leyte ICT Park and the launching of the Technology Business Incubator (TBI). (PNA)

DCT/OPS/ssc

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