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Discussion Starter · #1 ·
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The Cagayan Economic Zone Authority (CEZA) is the government-owned and controlled corporation (GOCC) tasked to manage and supervise the development of the Cagayan Special Economic Zone and Freeport (CSEZFP). CEZA’s creation and operation is mandated by virtue of Republic Act 7922, otherwise known as the “Cagayan Special Economic Zone Act of 1995” by then President Fidel V. Ramos. The Cagayan Economic Zone Act of 1995 was authored by Sen. Juan Ponce Enrile, a native of Gonzaga town in Cagayan.

Spatially, the Cagayan Economic Zone & Freeport covers the entire Municipality of Sta., Ana including the Islands of Fuga, Barit, Mabbag in the Municipality of Aparri in the Province of Cagayan . Approximately 54,118 hectares of land for prime development falls within the jurisdiction of CEZA. It is surrounded by the waters of Babuyan Channel and West Philippine Sea on the North and the Pacific Ocean on the east.

The Cagayan Special Economic Zone and Freeport, also known as Cagayan Freeport, is a special economic zone in Cagayan Province, northern Luzon, in the Philippines. It is envisioned to be a self-sustaining industrial, commercial, financial, tourism and recreational center, in order to effectively encourage and attract legitimate and productive local and foreign investments and eventually create employment opportunities and increase income and productivity in the rural areas around the Freeport Zone.

The Cagayan Freeport Zone has been identified as a potential development impetus for the region. It is a major transshipment point for trade in the Asia-Pacific rim due to its strategic location between the Pacific Ocean and the West Philippine Sea, on major international shipping routes between the West Coast of North America, the Far East and Southeast Asia. It is strategically located in relation to the strong overseas markets of Taiwan, Hong Kong, People’s Republic of China, Japan, and South Korea. The geography is suitable for the development of a transshipment hub with a modern seaport and airport with ample surrounding land area for the establishment of industrial, commercial and tourism developments
CEZA is headed by Secretary Raul L. Lambino as its current Administrator and Chief Executive Officer.
 

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Discussion Starter · #2 ·
Korean company eyes small nuke plant in Cagayan
Korea Hydro & Nuclear Power is studying the possibility of building a 100-megawatt modular nuclear reactor at Cagayan Economic Zone Authority in Sta. Ana, Cagayan, the Energy Department said Wednesday.
Energy Secretary Alfonso Cusi, Undersecretary Donato Marcos and assistant secretary Gerard Erguiza Jr. met with KHNP president and chief executive Chung Jae Hoon and other executives in Korea Tuesday.
“During the discussions, DOE and KHNP explored energy cooperation endeavors, including the possibility of conducting a feasibility study on the establishment of a small, 100-MW modular reactor in the Cagayan Economic Zone Authority,” the department said in a statement.
Cusi is pushing for nuclear energy as a part of the country’s power mix. He also advocated for the use of small-scale nuclear capacity.
http://www.thestandard.com.ph/business/csr-mining/267421/korean-company-eyes-small-nuke-plant-in-cagayan.html
CEZA pursuing expressway, railway projects in Cagayan
MANILA — The Cagayan Economic Zone Authority (CEZA) is pursuing expressway and railway projects to link the northern part of the country to the capital, its top official told reporters.
In an interview over the weekend, CEZA Administrator and Chief Executive Officer Raul Lambino said the agency is eyeing to build a new six-lane expressway that will connect Cagayan North International Airport to Port Irene in the town of Sta. Ana and Lal-lo to Tuguegarao City to Aparri and Claveria.
Lambino said this will complement the planned Global TransPark System in Cagayan, which targets to have an international cargo airport and seaport; manufacturing, distribution and cold-storage facilities; multi-modal transport linkages; efficient cargo transfer system; and central cargo area.
The Global TransPark System aims to provide seamless and efficient supply chain in the economic zone and the freeport.
Aside from the six-lane expressway, Lambino said CEZA aims to build a parallel railway system for passengers and cargo to provide better connectivity as well as faster, cheaper, and more efficient way to transfer goods.
He mentioned that a Russian company is studying and looking into linking Cagayan and Manila through a high-speed train system.
To pursue these infrastructure projects, Lambino said CEZA is requesting Congress to release the remaining PHP14 billion investment of the government in the agency as stated in the Republic Act No.7922 or the Cagayan Special Economic Zone Act
https://www.ptvnews.ph/ceza-pursuing-expressway-railway-projects-cagayan/
$100-M fintech hub to rise in Cagayan
MANILA - A $100-million facility that will house foreign financial technology companies will open at the Cagayan Economic Zone Authority (CEZA) in 2 years' time, the head of the agency said on Monday.
CEZA administrator and CEO Raul Lambino said they have allocated 8 hectares for the fintech hub and already signed 22 agreements with fintech and blockchain companies from all over the world who are interested in locating in the special economic zone.
Lambino said the CEZA fintech hub will cater to foreign companies who transact with clients outside the Philippines as regulators are still developing guidelines for cryptocurrency transactions in the country.
"We have to wait for the much clearer rules from the BSP (Bangko Sentral ng Pilipinas) and the Securities and Exchange Commission for particular local companies who will be coming in and offering crypto exchange to ordinary Filipinos," Lambino said.
Lambino expects the fintech hub to bring in P2 billion to P3 billion worth of investments. He added that they will be requiring a minimum investment of $1 million each from the fintech companies.
A blockchain university will also be put up in CEZA by a Korean company.
But while the facility hub in Cagayan is still being built, fintech companies can temporarily work from CEZA's offices in Bonifacio Global City. - with reports from Michelle Ong, AB-CBN News
http://news.abs-cbn.com/business/05/21/18/100-m-fintech-hub-to-rise-in-cagayan
 

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Discussion Starter · #4 ·
CEZA OKs entry of 3 financial technology firms
MANILA, Philippines — The Cagayan Economic Zone Authority (CEZA) has allowed the entry of three financial technology (fintech) firm locators with investments of $1 million each.
CEZA senior deputy administrator Raymundo Roquero told reporters the agency has approved the licenses of the first fintech companies which would locate within the 54,000-hectare special economic zone in Santa Ana, Cagayan.
Hong Kong-based Golden Millennial QuickPay Inc. Ltd. (GMQ) is the first to have been granted a license to locate within the ecozone. It is engaged in cryptocurrency exchange and fintech solutions business.
Apart from GMQ, Roquero said the CEZA has also approved the licenses of Liannet Corp. of Hong Kong and Ultra Precise from Thailand.
He said all three firms would be investing $1 million each and setting up their facilities within two years.
https://www.philstar.com/business/2018/07/12/1832644/ceza-oks-entry-3-financial-technology-firms
 

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Discussion Starter · #6 ·
CEZA’s 2Q revenues exceed entire 2017 earnings
The Cagayan Economic Zone Authority (CEZA) yesterday reported that its revenues as of the second quarter this year have reached P340.625 million, exceeding the agency’s P224.548 million earnings for the entire of 2017, propelled by contributions from offshore financial technology (fintech) locators.
In a statement, CEZA Administrator and CEO Sec. Raul L. Lambino said revenues from fintech firms of P205.976 million raised its total revenues to P340.625 million by the end of the second quarter, already exceeding by 51.70 percent its P224.548 million full-year income in 2017.

“The overwhelming interest by offshore firms in financial technology solutions and crypto currency trading wanting to locate at the Cagayan Special Economic Zone has surpassed all our expectations,” Lambino said, adding inquiries about the CEZA project are mounting every day
https://business.mb.com.ph/2018/07/24/chamber-of-commerce-of-the-philippine-islands/
 

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Discussion Starter · #7 ·
CEZA eyes P3.6B from fintech firms
THE Cagayan Economic Zone Authority (CEZA) expects to earn P3.6 billion from the initial 25 offshore financial technology (fintech) and virtual currency companies that are planning to operate in the economic zone.

In a statement on Tuesday, CEZA Administrator Raul Lambino said the amount included the $1 million (P53.42 million) each firm had committed to invest, and excluded the 0.1-percent share generated from every transaction they made.

These companies would also create more than 20,000 jobs for information technology professionals, he added.

CEZA’s earnings from these firms reached P205.97 million in end-June. This increased the agency’s total revenue by 219 percent to P340.62 million in the first half of 2018 from P106.76 million in the same period last year.
http://www.manilatimes.net/ceza-eyes-p3-6b-from-fintech-firms/423080/
 

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Discussion Starter · #8 ·
Four gaming firms want to invest $800-million in Cagayan
Four foreign gaming and entertainment companies are seeking permission from the Cagayan Economic and Freeport Zone Authority to establish integrated resorts with combined investments of at least $800 million.
A Hong Kong-based company plans to put up a $500-million integrated casino and resort complex in the 10,000-hectare Fuga Island in Cagayan province.
Three Japanese, Korean and Malaysian companies also committed to invest $100 million each for the construction of hotels with casino components in Cagayan.
“We haven’t finalized anything yet. I happened to receive their letters only recently and we’re still discussing how to go about it. Their proposals are akin to the operations of Resorts World and Solaire Resort and Casino. I gather that the minimum investment for the casino hotel is about $100 million and for an integrated casino and resort facility is about $500 million,” Ceza administrator and chief executive Raul Lambino said at the sidelines of the launch of blockchain technology company Liannet Technology Ltd.
http://www.thestandard.com.ph/business/transport-tourism/271456/four-gaming-firms-want-to-invest-800-million-in-cagayan.html
 

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Discussion Starter · #9 ·
Slovakian firm building first-class Cagayan hospital
A “rapid deployment first-class hospital” is expected to rise at the Cagayan Special Economic Zone and Freeport following an agreement signed by Slovakia-based Commerce Ltd., the Cagayan Economic Zone Authority said Friday.
“The Cagayan Economic Zone Authority has signed a memorandum of understanding with Commerce providing for the development of the major hospital that will boost health care not just for Freeport but for our people in the region,” said Ceza president and chief executive Raul Lambino.
The new hospital, Lambino said, would open new employment and income-generating opportunities in the province and the region, including medical tourism and retirement communities.
http://www.thestandard.com.ph/business/economy-trade/272110/slovakian-firm-building-first-class-cagayan-hospital.html
 

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Discussion Starter · #10 ·
Philippines to Build $100 Million Crypto Valley
CEZA plans to invest in cryptocurrency and fintech hub in the northern part of the Philippines, which is expected to generate more than 10,000 jobs in the business processing outsourcing sector.
A cryptocurrency and fintech hub will rise inside the Cagayan Economic Zone Authority (CEZA) - a government economic zone in the northern part of the Philippines that is seen to challenge the Switzerland Crypto Valley, the state news agency PIA reported.
Read more: https://cryptovest.com/news/philippines-to-build-100-million-crypto-valley/
 

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Discussion Starter · #11 ·
CEZA grants license to HK blockchain firm
MANILA, Philippines — Hong Kong-based Asia Premier International Ltd. became the latest in a now long string of companies granted a license to operate blockchain operations at the booming Cagayan Economic Zone and Freeport.
The company, the parent firm of NiuEx Exchange, said it has received its offshore virtual currency exchange license in the Philippines last month.
Cagayan Economic Zone Authority (CEZA) administrator Raul Lambino said “companies that are given the virtual currency exchange license by CEZA are allowed to launch blockchain operations such as cryptocurrency mining, initial token offering and exchanges.
The license is granted by CEZA to companies which will be allowed to set up back-offices of their virtual currency exchange or crypto and blockchain business in the Cagayan ecozone, thereby becoming a locator in the zone.
Read more at
https://www.philstar.com/business/2...icense-hk-blockchain-firm#LCa9wESUGf0iy6sw.99
 

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Discussion Starter · #12 ·
Chinese firm plans to establish textile mill in Cagayan
MANILA — Another Chinese company is setting up its textile business in theCagayan Special Economic Zone and Freeport (CSEZF) as the Cagayan Economic Zone Authority (CEZA) follows through on its efforts to lure investors from China.
In a statement Tuesday, CEZA Administrator and Chief Executive Officer Raul Lambino said the China Zhejiang Guannan Group is seeking to invest around USD100 million for a green textile industrial park in CSEZF in Sta. Ana, Cagayan.
Lambino said the Zhejiang Guannan Group is already “in the final phase of preparation” before signing an agreement with the agency.
He said the Chinese company will be needing 10,000 hectares of land in Sta. Ana and its neighboring towns, transforming the area into a green textile industrial park.
https://www.ptvnews.ph/chinese-firm-plans-to-establish-textile-mill-in-cagayan/?fbclid=IwAR28Xg57ED6diBNWsEjfu2IviOaYKz5iMsN--JmQUx2kLB_mOBjO-5ncF3w
 

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Discussion Starter · #13 ·
CEZA’s fintech pivot
Since 2017, Cagayan Economic Zone Authority (CEZA) has reinvented its northeastern Luzon territory of more than 54,000 hectares to become a hub for financial technology companies.
Cagayan Special Economic Zone and Freeport (CSEZFP) is the first and only ecozone in the Philippines to offer hosting of firms in the emerging fintech industry. Administered by CEZA, it has granted 17 Financial Technology Services and Offshore Virtual Currency Exchange (FTSOVCE) provisional principal licenses to locators at the Crypto Valley of Asia within the booming CSEZFP.
https://www.manilatimes.net/cezas-fintech-pivot/475660/
 

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Discussion Starter · #14 ·
CEZA signs deal to develop new city in Sta. Ana, Cagayan
THE Cagayan Economic Zone Authority (CEZA) said it signed an agreement with two companies to develop a $4.5 billion new city in Sta. Ana, Cagayan, on the northeastern tip of Luzon, within two years.
In a statement on Thursday, CEZA said administrator Raul L. Lambino signed recently a memorandum of understanding (MoU) for the project.
Under the agreement, the overall master planning for the city will be handled by an Italian firm, Mercurio Design Lab.
Singapore’s LongRunn Capital Pte. Ltd was granted exclusive rights as the overall main developer, operator and engineering, procurement and construction contractor of the project.
https://www.bworldonline.com/ceza-signs-deal-to-develop-new-city-in-sta-ana-cagayan/
 

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Discussion Starter · #15 ·
Singapore company gets license from Ceza
Singapore-based 6x.com, a leading digital trading asset exchange, said it secured a license from the Cagayan Economic Zone Authority to conduct financial technology solutions and offer offshore virtual currency exchange services.
Having undergone a series of stringent probity and integrity check, 6x.com is one of the leading cryptocurrency exchange operators to be granted the license.
As pioneers in developing a trading exchange based on blockchain technology, 6x.com said it would contribute to the economic development of Ceza in the area of blockchain, crypto, and financial technology solutions.
“We are happy to be granted the license to offer financial solutions and offshore virtual currency exchange services to our global customers. We are glad to have the support in the Philippines and be part of the government’s master plan to establish a clear cryptocurrency ecosystem in the country,” said 6x.com international vice-president Vanessa Koh.
6X Digital Asset Trading Platform is registered in Singapore, with over one million global users in more than 100 countries.
http://manilastandard.net/business/corporate/285155/singapore-company-gets-license-from-ceza.html
 

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Discussion Starter · #16 ·
Ceza registered $8b worth of investment commitments in 2018
The Cagayan Economic Zone Authority said it secured a record $8.13 billion worth of investment commitments in 2018.
Ceza administrator and chief executive Raul Lambino said the 2018 figure was the biggest amount the agency registered in two decades.
He said of the investment projects, the biggest was the proposed $4.5-billion City Polaris, an entertainment resort project which would be built by First Cagayan Leisure Resorts Corp.
The project will offer integrated resorts, six-star hotels and several amenities to attract foreign and local visitors to the site. Construction will start in 2019 and operations are expected by 2021.
The second biggest investment is the $1.5-billion commitment of Hunan Goke Maglev Technology Development Ltd. of Changsa City and Hong kong-based Eminova Asset Management Ltd. to put up a magnetic levitation production facility.
http://www.manilastandard.net/business/economy-trade/285549/ceza-registered-8b-worth-of-investment-commitments-in-2018.html
 

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More new cities for the Philippines

After launching the $14 billion 9,450-hectare “New Clark City” in Capas, Tarlac last year that can accommodate up to 1.2 million people, the government has introduced the $4.5 billion world-class “Polaris City” in Sta. Ana, Cagayan.

The two ambitious projects are both part of the “Build Build Build,” a flagship program of President Rodrigo Duterte.





Read more: https://mindanaodailymirror.ph/Main/full_article/more-new-cities-for-the-philippines1054
 
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Discussion Starter · #20 ·
CEZA to start building corporate center, upgrading Port Irene
THE Cagayan Economic Zone Authority (CEZA) will start building this month a corporate and commercial center as a well as launch rehabilitation works in Port Irene.
In a statement on Monday, the investment promotion agency said the P426-million corporate and commercial center will rise on up to 40 hectares in Sitio Punti, Barangay Rapuli.
The so-called CEZA Global City will have institutional and retail areas, a ce hall, a dining area, offices, and a CEZA corporate center, among others.
https://www.bworldonline.com/ceza-to-start-building-corporate-center-upgrading-port-irene/
 
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