BSP-Jica risk model targets SMEs

Jordan, on April 24, 2023.

By Cai U. Ordinario @caiordinario

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By Andrea E. San Juan

PRESIDENT Ferdinand

R. Marcos Jr.’s proclamation of two new economic zones in Batangas Province and Bacolod City will “certainly bolster and spread economic growth” outside the National Capital Region, according to the Philippine Economic Zone Authority (Peza).

Peza said these new ecozones will bring in P1.641 billion worth of investments to the country.

On April 14, Peza said the president signed Proclamation No. 200 promulgating a new IT park ecozone at Lacson Street in Banago, Bacolod City, to be known as Robinsons Cyberpark Bacolod, which Peza said has P777.350 million worth of projected investment.

Likewise, the investment promotion agency said Marcos approved Proclamation No. 402 last April 19, designating several parcels of land

See “Ecozones,” A2

By Lenie Lectura @llectura

THE Regional Comprehensive Economic Partnership (RCEP) agreement would not have any adverse impact on imported energy goods such as oil and gas, the Department of Energy (DOE) said Tuesday.

DOE Secretary Raphael Lotilla said the RCEP agreement would, in fact, create a competitive investment environment in the region for the energy sector. It is expected to provide opportunities for expanded market access and establish clear, stable, and predictable rules on trade in energy goods and services, including investments among participating countries.

Lotilla added that energyrelated trade in services would further improve the business climate of the energy sector in the country, supporting the agency’s aggressive push for the exploration, development, and utilization of the country’s indigenous energy resources as it transitions to a low-carbon future.

Even before the country acceded

See “RCEP,” A2