Phividec Industrial Estate

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Phividec Industrial Estate
Phividec Industrial Estate in Misamis Oriental Special Economic Zone
Country Philippines
Region Northern Mindanao
Province Misamis Oriental
Municipalities (portions) Tagoloan and Villanueva
Creation of PhividecApril 13, 1974
Government
  TypeAdministrating body
  BodyPhilippine Veterans Investment Development Corporation Industrial Authority
Area
  Total
30 km2 (10 sq mi)
Time zone UTC+8 (PST)
Website piamo.gov.ph

The Phividec Industrial Estate in Misamis Oriental Special Economic Zone (PIEMO-SEZ) [1] is an industrial park spanning the municipalities of Tagoloan and Villanueva in the province of Misamis Oriental, Philippines and is one of the largest industrial estates in the country. It is under the Philippine Veterans Investment Development Corporation Industrial Authority (Phividec-IA or PHIVIDEC). It

Contents

History

The managing entity of PIE-MO, the Philippine Veterans Investment Development Corporation Industrial Authority (Phividec-IA or PHIVIDEC) was established on August 13, 1974 through Presidential Decree No. 538 issued by President Ferdinand Marcos. [2] The Phividec Industrial Estate is the first ever "Phividec Industrial Area" created under said decree. [3]

On April 11, 2008, President Gloria Macapagal Arroyo issued Proclamation No. 1495, creating and designating 1,072 hectares (2,650 acres) of the 1,072 hectares (2,650 acres) PIEMO as a special economic zone under PEZA. Arroyo on June 29, 2010 issued Proclamation No. 2106 which converted the whole estate as a special economic zone. [4]

Scope

The Phividec Industrial Estate covers an area of 3,000 hectares (7,400 acres). [1] It spans 13 barangays in the municipalities of Tagoloan and Villanueva in the province of Misamis Oriental. [3] It is one of the largest industrial estates in the Philippines. [5]

Economy

Phividec is partnered with the Philippine Economic Zone Authority (PEZA). Locators within the PIEMO benfits from tax incentives under the CREATE Law. [6]

The estate is the site for processing plants of agricultural produce in Northern Mindanao such as corn and pineapple from Bukidnon and Misamis Oriental. [7]

A seaport mainly used by the Mindanao Container Terminal, a subsidiary of International Container Terminal Services is also located within the estate. [8] [9]

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<span class="mw-page-title-main">Northern Mindanao</span> Administrative region of the Philippines

Northern Mindanao is an administrative region in the Philippines, designated as Region X. It comprises five provinces: Bukidnon, Camiguin, Misamis Occidental, Misamis Oriental, and Lanao del Norte, and two cities classified as highly urbanized, all occupying the north-central part of Mindanao island, and the island-province of Camiguin. The regional center and largest city is Cagayan de Oro. Lanao del Norte was transferred to Northern Mindanao from Region XII by virtue of Executive Order No. 36 in September 2001.

<span class="mw-page-title-main">Misamis Occidental</span> Province in Northern Mindanao, Philippines

Misamis Occidental, officially the Province of Misamis Occidental, is a province located in the region of Northern Mindanao in the Philippines. Its capital is the city of Oroquieta while Ozamiz is the most-populous city. The province borders Zamboanga del Norte and Zamboanga del Sur to the west and is separated from Lanao del Norte by Panguil Bay to the south and Iligan Bay to the east. The province of Misamis was originally inhabited by Subanens who were an easy target by the sea pirates from Lanao.

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Misamis Oriental, officially the Province of Misamis Oriental, is a province located in the region of Northern Mindanao in the Philippines. Its capital, largest city and provincial center is the city of Cagayan de Oro, which is governed independently from the province and also the regional center of Northern Mindanao.

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<span class="mw-page-title-main">Gingoog</span> Component city in Misamis Oriental, Philippines

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Villanueva, officially the Municipality of Villanueva, is a 2nd class municipality in the province of Misamis Oriental, Philippines. According to the 2020 census, it has a population of 40,419 people.

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References

  1. 1 2 Bagumbaran, Apipa (January 26, 2024). "Phividec Industrial Estate ecozone ready to accept new locators". Philippine Information Agency. Retrieved October 8, 2024.
  2. Luczon, Nef (September 22, 2024). "Phividec probes firm with alleged links to POGO". Philippine News Agency. Retrieved October 8, 2024.
  3. 1 2 "Brief History". Phividec Industrial Estate in Misamis Oriental. Retrieved October 8, 2024.
  4. "PIEMO Formation". Phividec Industrial Estate in Misamis Oriental. Retrieved October 8, 2024.
  5. Yap, James Paolo (May 14, 2024). "Some residents of 6 brgys affected by reclamation project in Misamis Oriental". GMA Regional TV. Retrieved October 8, 2024.
  6. Baños, Mike (August 30, 2023). "PHIVIDEC IA, PEZA partner to entice more Phividec locators". Metro Cagayan de Oro. Retrieved October 8, 2024.
  7. Rosauro, Ryan (June 17, 2024). "'City of Golden Friendship' a rising metropolis". Philippine Daily Inquirer. Retrieved October 8, 2024.
  8. Cabato, Luisa (May 19, 2024). "Marcos orders pre-border invoicing to speed up inspection of imported goods". Philippine Daily Inquirer. Retrieved October 8, 2024.
  9. "Mindanao Container Terminal welcomes new China-PH service". Daily Tribune. August 7, 2024. Retrieved October 8, 2024.