MANILA, Philippines – President Ferdinand R. Marcos Jr. has authorised the growth of the West Cebu Industrial Park-Particular Financial Zone in Balamban, Cebu, including greater than 64 hectares of land to one of many nation’s main industrial hubs.
Underneath Proclamation No. 1288 signed on June 3, 2026, Marcos designated two parcels of land in Barangay Buanoy, Balamban, with a mixed space of roughly 647,229 sq. meters or 64.7229 hectares, for inclusion within the present Cebu Particular Financial Zone.
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The growth was authorised upon the advice of the Philippine Financial Zone Authority (PEZA) and is topic to the provisions of Republic Act 7916, or the Particular Financial Zone Act of 1995, and its implementing guidelines and laws.
The extra areas, recognized as SK-07-000197 and SK-07-000198, will kind a part of the West Cebu Industrial Park-Particular Financial Zone, one of many nation’s key manufacturing and shipbuilding facilities.
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The 540-hectare ecozone is a three way partnership between the Aboitiz Group and Japan-based Tsuneishi Holdings, which operates companies in shipbuilding, transport, vitality, environmental providers, and associated industries.
In line with Aboitiz Financial Estates, the commercial park hosts a number of international enterprises and gives employment to greater than 14,000 expert Filipino employees engaged in medium- and heavy-industry operations.
The newest growth follows a collection of comparable strikes by the President to develop the particular financial zone by designating extra parcels of land for inclusion within the ecozone.
PEZA-registered enterprises take pleasure in a spread of fiscal and non-fiscal incentives, together with revenue tax holidays, particular company revenue tax charges or enhanced deductions, tax- and duty-free importation of capital gear and uncooked supplies, and value-added tax exemptions on certified transactions. (PNA)
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