EMPLOYMENT in three special economic zones of state-owned Bases Conversion and Development Authority (BCDA) rose to 81,282 as of end-2014, a 31.37 percent increase from 61,874 in 2010.
The numbers showed that an additional 19,408 jobs were created in 2010 to 2014 at the Clark Freeport Zone in Pampanga, the Poro Point Freeport Zone in La Union, and the John Hay Special Economic Zone (JHSEZ) in Baguio City, BCDA President and CEO Arnel Paciano Casanova said on Thursday.
The increase in employment can be attributed to investor confidence and the ease of doing business under the Aquino Administration, according to BCDA.
“This has resulted in the decision of investors to locate in the BCDA-controlled economic zones and for the existing locators to expand their businesses,” Casanova said.
He pointed out that good governance under the Aquino administration was a game changer.
“Good governance reforms such as lessening the steps in doing business, together with promoting transparency in all transactions played key roles in attracting more investors to put up shop in the economic zones,” he said.
He added that “good governance is the best employment and wealth generator.”