Recently in the City of Las Piñas, the newly certified IT (information technology) sector One Townsquare Place is about to receive a major investment of P500 million from an IT and business process management (IT-BPM) firm, according to a BusinessWorld news report.
To put things in perspective, posted below is an excerpt from the news report of BusinessWorld. Some parts in boldface…
AN information technology and business process management (IT-BPM) company is set to invest P500 million in One Townsquare Place, a recently proclaimed IT Center in Las Piñas City, the Philippine Economic Zone Authority (PEZA) said.
“The fully built IT Center will host companies in various IT-BPM services, with one prospective locator expected to employ more than 500 Filipinos and invest more than P500 million,” PEZA said in a statement on Wednesday.
On Dec. 20, President Ferdinand R. Marcos, Jr. issued Proclamation No. 765, which designated around 3,729 square meters of land in barangay Almanza Uno, Las Piñas City, as an IT Center.
“The approval of this new ecozone will boost Las Piñas City’s growth and employment in the National Capital Region,” PEZA said.
According to PEZA, the construction of the IT Center cost P1 billion. It has been fully developed since 2017.
Including IT Center, 28 economic zones (ecozones) have been proclaimed during the administration of Mr. Marcos. Eleven ecozones were proclaimed in 2023, while 17 were proclaimed last year.
Let me end this piece by asking you readers: If you are a resident of Las Piñas City, what is your reaction to this development? Do you think the P500 million investment into the IT center will make an impact on Las Piñas’ economy this year? Are you hoping that more IT firms will open new offices at the One Townsquare Place?
You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.
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Author Carlo Carrasco 