Foreign locators keen on new Palawan ecozone

Thai conglomerate Charoen Pokphand (CP) Group and two other foreign firms have expressed interest in setting up operations in the Palawan Mega Economic Zone (PMEZ).

- By LOUELLA DESIDERIO

In a statement, the Philippine Economic Zone Authority (PEZA) said that prospective investors have reached out to the agency for PMEZ, which will be developed as a mega-scale government-led eco-industrial township.

"There is much interest in the PMEZ and when we will have it operationalized. I have already received queries on this and interests to invest as developers and locators," PEZA director general Tereso Panga said.

Firms that have expressed interest to locate in the PMEZ include the CP Group, which is engaged in agriculture, food, retail, telecommunications, pharmaceuticals, finance and banking.