CENTRAL LUZON is being considered as a manufacturing and logistics hub, according to the Department of Trade and Industry (DTI).
DTI Region 3 Regional Director Leonila T. Baluyut said in a statement on Monday that Central Luzon has many industrial assets in place that can support such a development strategy.
“Central Luzon has the most number of provinces with plenty of growth opportunities, as Clark in Pampanga has an international airport, Bataan has the Freeport area, (Tarlac has) Luisita Park,” Ms. Baluyut said.
Ms. Baluyut added that the region can stake advantage of Republic Act No. 11534, or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, and the amendments made to liberalize the Foreign Investments Act, the Public Service Act, and the Retail Trade Liberalization Act.
Separately, Board of Investments Director for Domestic Investments Promotion Maria Rosario J. Dominguez said that competition has increased as the economy continues to recover from the pandemic.
“In the course of the pandemic, we learned (to use) tools to promote the Philippines despite the inability to do things physically. The world has become smaller as a result of technology and innovation. The bottom line is to have the right content/information (at the ready),” Ms. Dominguez said. — Revin Mikhael D. Ochave