The British Chamber of Commerce of the Philippines welcomed the emphasis on economic zones in the fifth State of the Nation Address, saying these zones help attract investments nationwide, as reported by Philstar Biz.
The chamber noted that ecozones create market opportunities in various sectors and support inclusive growth beyond Metro Manila. The SONA highlighted the government's push to strengthen these zones to bring in more foreign capital and boost local employment.
Industry observers say the continued development of economic zones is key to the country's competitiveness, especially as multinational firms look for alternative manufacturing and services hubs in Southeast Asia. The British Chamber's support signals continued investor confidence in the Philippines' policy direction.