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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 ....

Lanao Del Sur , Bacolod City , Cavite City , Greg Gasataya , Bacolod Economic Zone Authority , Lone District , House Bill , Bacolod Silay Airport , Banago Wharf , Bredco Port , Republic Act , Special Economic Zone Act , Ile Photo Bacolod City The Proposed Legislation For Establishment Of Economic Zone Authority Beza Has Hurdled Third And Final Reading In House Representatives , One District Rep Greg Gasataya Said Monday Quot We Are Positioning Bacolod Just Like Clark And Cavite , Hich Has Existing Economic Zones This Will Not Happen In An Instant , Ut We Have To Lay The Groundwork Through Legislation , E Are Preparing To Position Bacolod Asa Possible Investment Site For Major Foreign Companies , Uot Gasataya , Ho Authored House Bill Hb 5440 , Aid In An Interview The Establishment Ofa Special Economic Zone And Its Governing Body For Bacolod Would Generate Employment Allow Skilled Workers To Stay , Nstead Of Seeking Employment In Other Urbanized Cities , E Said Both Foreign And Local Investors May Invest In Industries The City Such As Manufacturing , Hich Would Lead To More Competitive Wage Rates , E Addeda Copy Of Hb 5440 Has Been Received By The Senate Quot We Are Working Out And Following Up Within Week Bill With Committee It Was Assigned 39s Either They Will Adopt Billi Filed Or Introduce Some Amendments , Uot Gasataya Said In The Explanatory Note Of Bill , Asataya Pointed Out That Quot With The Vast Economic Growth It Has Accumulated Over Years And Brilliantly Executed Urban Development Plans ,

House approves Bacolod Ecozone Bill

House approves Bacolod Ecozone Bill
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