The beyond couple of years were

The beyond couple of years were a hard time for CEZA because it confronted fundamental challenges that delivered a dramatic lower in its earnings but the company’s resilience, flexibility and the control’s responsive rebranding approach have together contributed to the ecozone’s high-quality performance,” Ponce said.

Calimag stated that based totally on the Commission on Government Owned and Controlled Corporations (CGOCCs), out of the 212 GOCCs in the us of a, handiest 20 GOCC’s have remitted to date and CEZA is ranked because the 11th in terms of quantity remitted.

She stated CEZA ranked sixteenth in 2015 among 50 GOCCs which means that the ecozone has been running at a income inside the closing several years, on top of being an economic growth nexus in northeastern Luzon.

CEZA remitted P88.395 million to the country wide government for the 2006-2012, and P100.016 million for 2013.

CEZA and CSEZFP have been created below Republic Act 7922 or the Cagayan Special Economic Zone Act of 1995 which became enacted into regulation to carry monetary boom, employment and decentralized development in northeastern Luzon.

CEZA manages and develops CSEZFP, which occupies the entire city of Santa Ana in Cagayan province in addition to the islands of Fuga, Barit and Mabbag within the city of Aparri.

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