Tag: Special Economic Zone
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BuCor and PEZA Sign Pact to Transform Iwahig Prison into a Special Economic Zone
A New Chapter for Iwahig: From Prison Farm to Special Economic Zone The Bureau of Corrections (BuCor) and the Philippine Economic Zone Authority (PEZA) have taken a historic step toward transforming Iwahig Prison and Penal Farm (IPPF) in Puerto Princesa City, Palawan, into a thriving special economic zone. On Thursday, November 20, the two agencies…
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BuCor and PEZA Launch Iwahig Prison as Special Economic Zone in Palawan
Background and Announcement In a landmark collaboration, the Bureau of Corrections (BuCor) and the Philippine Economic Zone Authority (PEZA) signed a joint memorandum circular to explore the use of the Iwahig Prison and Penal Farm (IPPF) reservation in Puerto Princesa City, Palawan, as a special economic zone (SEZ). The move signals a strategic shift in…
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BuCor and PEZA Ink Joint Earmark for Iwahig Prison as Special Economic Zone
The Bureau of Corrections (BuCor) and the Philippine Economic Zone Authority (PEZA) have taken a bold step toward economic development in Palawan by signing a joint memorandum circular (JMC) that paves the way for using the Iwahig Prison and Penal Farm (IPPF) reservation in Puerto Princesa City as a special economic zone (SEZ). The agreement,…