Phividec Industrial Estate
Phividec Industrial Estate | |
|---|---|
| Phividec Industrial Estate in Misamis Oriental Special Economic Zone | |
| Country | Philippines |
| Region | Northern Mindanao |
| Province | Misamis Oriental |
| Municipalities (portions) | Tagoloan and Villanueva |
| Creation of Phividec | April 13, 1974 |
| Government | |
| • Type | Administrating body |
| • Body | Philippine Veterans Investment Development Corporation Industrial Authority |
| Area | |
| • Total | 30 km2 (10 sq mi) |
| Time zone | UTC+8 (PST) |
| Website | piamo |
The Phividec Industrial Estate in Misamis Oriental Special Economic Zone (PIEMO-SEZ)[2] is an industrial park spanning the municipalities of Tagoloan and Villanueva in the province of Misamis Oriental, Philippines and is one of the largest industrial estates in the country. It is under the Philippine Veterans Investment Development Corporation Industrial Authority (Phividec-IA or PHIVIDEC). It
History
[edit]The managing entity of PIE-MO, the Philippine Veterans Investment Development Corporation Industrial Authority (Phividec-IA or PHIVIDEC) was established on Auust 13, 1974 through Presidential Decree No. 538 issued by President Ferdinand Marcos.[3] The Phividec Industrial Estate is the first ever "Phividec Industrial Area" created under said decree.[4]
On April 11, 2008, President Gloria Macapagal Arroyo issued Proclamation No. 1495, creating and designating 1,072 hectares (2,650 acres) of the 1,072 hectares (2,650 acres) PIEMO as a special economic zone under PEZA. Arroyo on June 29, 2010 issued Proclamation No. 2106 which converted the whole estate as a special economic zone.[5]
Scope
[edit]The Phividec Industrial Estate covers an area of 3,000 hectares (7,400 acres).[2] It spans 13 barangays in the municipalities of Tagoloan and Villanueva in the province of Misamis Oriental.[4] It is one of the largest industrial estates in the Philippines.[6]
Economy
[edit]Phividec is partnered with the Philippine Economic Zone Authority (PEZA). Locators within the PIEMO benfits from tax incentives under the CREATE Law.[7]
The estate is the site for processing plants of agricultural produce in Northern Mindanao such as corn and pineapple from Bukidnon and Misamis Oriental.[8]
A seaport mainly used by the Mindanao Container Terminal, a subsidiary of International Container Terminal Services is also located within the estate.[9][10]
References
[edit]- ^ Census of Population (2020). Table B - Population and Annual Growth Rates by Province, City, and Municipality - By Region. Philippine Statistics Authority. Retrieved July 8, 2021.
- ^ a b Bagumbaran, Apipa (January 26, 2024). "Phividec Industrial Estate ecozone ready to accept new locators". Philippine Information Agency. Retrieved October 8, 2024.
- ^ Luczon, Nef (September 22, 2024). "Phividec probes firm with alleged links to POGO". Philippine News Agency. Retrieved October 8, 2024.
- ^ a b "Brief History". Phividec Industrial Estate in Misamis Oriental. Retrieved October 8, 2024.
- ^ "PIEMO Formation". Phividec Industrial Estate in Misamis Oriental. Retrieved October 8, 2024.
- ^ Yap, James Paolo (May 14, 2024). "Some residents of 6 brgys affected by reclamation project in Misamis Oriental". GMA Regional TV. Retrieved October 8, 2024.
- ^ Baños, Mike (August 30, 2023). "PHIVIDEC IA, PEZA partner to entice more Phividec locators". Metro Cagayan de Oro. Retrieved October 8, 2024.
- ^ Rosauro, Ryan (June 17, 2024). "'City of Golden Friendship' a rising metropolis". Philippine Daily Inquirer. Retrieved October 8, 2024.
- ^ Cabato, Luisa (May 19, 2024). "Marcos orders pre-border invoicing to speed up inspection of imported goods". Philippine Daily Inquirer. Retrieved October 8, 2024.
- ^ "Mindanao Container Terminal welcomes new China-PH service". Daily Tribune. August 7, 2024. Retrieved October 8, 2024.