Manila Bulletin

More banks extend funding to ecozone developers

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State-owned Land Bank of the Philippine­s (LandBank) has agreed to extend credit financing to developers of ecozones in the country as the Philippine Economic Zone Authority (PEZA) aggressive­ly promotes more developmen­t around the country. PEZA Director-General Charito B. Plaza told reporters the agreement will be formalized with the signing of a memorandum of agreement with LandBank to open credit facility ecozone developers. Plaza said that local government units and national agencies managing public lands can tap this facility to be used for the developmen­t of their lands into ecozones.

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