Thursday, December 09, 2021

Korean investment seen to boost employment, income in Pulupandan

OPPORTUNITIES for employment and income generation in Pulupandan town, Negros Occidental are seen to get a boost, as a Korean electric vehicles manufacturing company eyes to establish a factory in the locality.

Vice Governor Jefferey Ferrer said this is a welcome development because it will benefit the Negrenses, especially those at the Fourth District.

"It would generate additional taxes for the province, especially in Pulupandan," Ferrer said.

He said the investor could only be at the planning stage yet because at this time, he has not received any information yet that such a company is applying for any permit so far.

"As long as it could have a labor component and job opportunities it is good and welcomed. (But) it should also follow protocols and (comply with) all the necessary requirements," he stressed.

Ferrer said Pulupandan has an existing port that is ideal for such investment.

Earlier, Korean company Enplus Co. Ltd. signed a memorandum of understanding (MOU) with the Philippine Economic Zone Authority (Peza) to put up an electronic vehicle manufacturing plant worth P5 billion in the town.

Peza Director General Charito Plaza and Enplus Co. Ltd. Chief Executive Officer and chair Young Yong Ahn signed the agreement on October 21 this year.

Under the agreement, Enplus will manufacture and supply electric cars and electric jeepneys, which are being propagated under a government modernization program.


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