Strategic importance of the historic province constitutes investment catalyst for local and foreign capitalists
BALANGA CITY, Bataan – A senior Sangguniang Panlalawigan (SP) member has disclosed the peculiar and topographical setting of the historic Bataan peninsula as one of the underlying characteristics which uninterruptedly persuaded multi-national corporations to devote their capitals in lucrative entrepreneurial activities here.
Provincial board member Dante R. Manalaysay, chair of Social Welfare and Development Committee, expounded the reported plan of a Chinese group to participate in the preparation of a comprehensive analytical exploration scheme to the different Special Economic Zones in Bataan including construction sites intended for the transshipment hub projects in the industrial towns of Mariveles and Limay.
Foreign manufacturing firms from mainland China are studying the possibility of transferring export-oriented factories offering competitive fiscal incentives to the country due to the reported imposition of tariff hike of exported finished products from China to United States.
The project management teams commissioned by foreign locators have pinpointed coastal villages at the entrance of Manila Bay and facing the famous island fortress of Corregidor and areas with the panoramic richness of West Philippine Sea as most accessible spaces for corporate development.
Board Member Manalaysay has described other beneficial gains awaiting locators in the province include dependable water supply and lower power cost; 5-years tax moratorium, fiscal and non-fiscal incentives; availability of highly-trained technical and professional manpower; quality road network; relatively business-friendly community; peaceful environment; good governance and other related favorable business operations.
Locators have considered the biggest advantage of Bataan is the existence of four-highly developed industrial estates ready to accommodate multi-national manufacturing companies, and economic and tourism zones
The provincial board member said the Freeport Area of Bataan with complete infrastructure ,medical, technical training site and social services facilities, is registered as the country’s first export processing zone built in the early 1970’s;
Heavy industries including the country’s largest oil refinery, Petron Bataan Refinery, explosive plant, Columban Carbon, coal –powered plants and the Department of National Defense Ammunition plant are well –established in the Limay town industrial estate.
Petrochemical Park situated at the boundary of Mariveles and Limay towns , the first in the Petrochem project in the country sponsored by the late Bataan Rep. Enrique T. Garcia,Jr. this industrial estate is suitable for local and international firms which may want to establish polyethylene, polypropylene and polystyrene used in plastic manufacturing products.
The others are Hermosa Economic Zone, Bataan Technology Park in Morong and the Mount Samat Tourism Enterprise Zone in Pilar town.