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Monday, August 22, 2005
Peza names new IT park; 10 applications pending
CEBU’s vision to become an information technology (IT) hub in the country and in Asia has resulted in the development of more IT parks and buildings all over the province.
In fact, the Philippine Economic Zone Authority (Peza) has recently proclaimed another IT zone, the JY Square IT Center, located on Salinas Drive in Lahug, Cebu City, in addition to the Asiatown IT Park, the first IT park outside Luzon and the HDWF-WTCI IT Tower in the Cebu Business Park.
Ten more developers of IT buildings and areas are now applying with the Peza.
These are Kimhee Realty Corp., developer of KRC IT Zone in Mandaue City; Arcenas Development Corp., developer of Arcenas Estate IT Building in Banawa Hills, Cebu City; First Centro Inc., developer of Cebu Cybertown IT Park in Lapu-Lapu City; FAFCCC, developer of Innove IT Plaza in Cebu Business Park; Keppel Center Condominium Corp., developer of Keppel Center in Cebu Business Park; Ludo and Luym Development Corp., developer of Mango Square on Gen. Maxilom Ave., Cebu City; Mira Nila Development Corp., developer of Mira Nila Economic Zone in Barili, Cebu; Mitsumi Realty Inc., developer of MRI Ecozone in Danao City; Wenmar Development Corp., developer of Polambato-Bogo Economic Zone in Bogo, Cebu; and Taft Property Venture Development, developer of Taft IT Park in Mandaue City.
Tax perks
According to the Peza website, these economic zones and buildings are open to locators who are in the IT, IT-related and tourism enterprises, among others.
Businesses located in IT zones and economic zones are entitled to tax perks, such as income tax holidays.
The newly proclaimed IT center, JY Square, stands on an 8,800-square-meter lot and has a 10,341-square-meter floor area.
The 100 percent Filipino-owned building, developed and operated by Jovima Management and Development Corp., is now accepting locators in IT-related enterprises.
Earlier, Asiatown IT Park managing director Francis Monera said the first IT park outside Luzon, developed and operated by Cebu Property Ventures and Development Corp., has one more building that will be ready for occupancy by the end of the year.
Asiatown’s locators include Dash Engineering (Philippines) Inc., Epson Precision (Philippines) Inc., NRC-Cebu Development Center Inc., NEC Telecom Software (Philippines) Inc., People Support (Philippines) Inc., Tsuneishi Technical Services (Philippines) Inc. and Versagrafx Design Philippines Inc. JBN |
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