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Congress approves creation of Bacolod ecozone body

(File photo) BACOLOD CITY - The proposed legislation for the establishment of the Bacolod Economic Zone Authority (BEZA) has hurdled the third and final reading in the House of Representatives, Lone District Rep. Greg Gasataya said Monday. "We are positioning Bacolod just like Clark and Cavite, which has existing economic zones. This will not happen in an instant, but [we] have to lay the groundwork. Through legislation, we are preparing to position Bacolod as a possible investment site for major foreign companies," Gasataya, who authored House Bill (HB) 5440, said in an interview. The establishment of a special economic zone and its governing body for Bacolod would generate employment and allow skilled workers to stay, instead of seeking employment in other urbanized cities, he said. Both foreign and local investors may invest in industries in the city such as manufacturing, which would lead to more competitive wage rates, he added. A copy of HB 5440 has been received by the

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