MANILA – President Ferdinand R. Marcos Jr. has approved the expansion of the Aboitiz group-operated Lima Technology Center Special Economic Zone in Malvar, Batangas, opening additional land for business aimed at generating more jobs, investments, and income opportunities in the province.
Under Proclamation 1499, signed on Nov. 4, Marcos approved the inclusion of the properties pursuant to Republic Act (RA) 7916, or the Special Economic Zone Act of 1995, as amended by RA 8748, designating 79,937 square meters or nearly 8 hectares in Barangay Bagong Pook as part of the expanded zone.
The President issued the proclamation upon the recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA).
According to Executive Secretary Ralph Recto, the Lima Technology Center currently hosts more than 200 companies operating in electronics, semiconductors, automotive components, precision manufacturing, logistics, and consumer goods.
Major locators include Epson Precision Philippines, Yamaha Motor Philippines and Kinpo, whose operations support networks of component manufacturers and other suppliers.
Citing figures from developer and operator Aboitiz Economic Estates, Recto said Lima has attracted PHP128.9 billion in cumulative investments and supports about 75,000 jobs in Batangas.
The Lima Technology Center, widely known as LIMA Estate, is owned and operated by the Aboitiz Group through Lima Land, Inc. and Aboitiz Economic Estates. (Darryl John Esguerra/PNA)
