■ Investment Mission in China turns very fruitful for CEZA
CEZA joined the business delegations that travelled to China on May 08-13, 2018.
The delegation was welcomed by Mr. Alex Fu Kong Sang, Mr. Amando Lito Jimenez, Mr. Xiaxong Cai and company
The CEZA head, Sec. Raul Lambino, met with some potential investors from Hong Kong.
Guannan Group, one of the major textile manufacturers in China, hosted a welcome dinner program for the Philippine delegation on their first night.
On May 09 2018, the delegates visited the Shaoxing Economic Development Zone (SEDZ) where the world’s biggest textile manufacturing is located and met with the members and workers of Shaoxing Textile Association. Shaoxing Group of Investments includes a textile manufacturing company, which has an area totalling to 21 hectares and is the supplier of 35% of the world’s textile consumption. The estimated annual gross revenue of the zone is RMB 1 trillion or Ᵽ8.25 trillion.
Members of the Shaoxing Textile Association, China Light Textile City Enterprises Development Association of Keqiao District, Shaoxing City representing 28 chambers of commerce and industry, also met with the delegation. Sec. Lambino, through an Audio-Video Presentation (AVP), discussed the opportunities that CEZA could offer to potential investors and invited the group to invest in the zone. He cited various factors why it is a good decision to invest in CEZA, including the natural beauty of the island, the beaches, the aqua marine resources and the incentives that the investors are entitled of.
The delegation also joined the Philippine Investment and Trade Conference attended by the Chinese Chamber of Commerce with 25 representations, namely, (1) Shaoxing, (2) Hebei, (3) Huzhou, (4) Shandong, (5) Zhuji, (6) Jianxi, (7) Fujian, (8) Hunan,
(9)Henan, (10) Jinhua, (11) Jiangsu, (12) Hubei, (13) Ruian, (14) Hangzhou, (15) Linian, (16)
Tai Zhou, (17) Anhui, (18) Chaosan, (19) Quigtian, (20) Niulao, (21) Sichuan, (22) Weuling,
(23) Celico Trade Association, (24) Enterprise Development Association, and (25) Clothing Association of Xiaoxing.
Representatives from the various chamber of
commerce in China showed interest to CEZA during the Q and A portion of the program.
A dinner meeting was also hosted by the SEDZ. Also present was Mr. Meng Bo Gan, Provincial Committee Chairman of the Communist Party in Hangzhou.
The delegates also met Mr. Kang Zhongmin, Director of Xiamen Rural Commercial Bank and President of Xiamenwuhua Group
The delegates also met with the officials of the Shanghai Hi-Tech Park, which also manifested interest in working with CEZA.
Other itineraries of CEZA included meeting potential investors, such as the group let by Atty. Edward Lee from Shanghai, Ms. Xiao Lu and other officers of BeNoble Corporation.
■CEZA hosts new PAF base in Cagayan
■CEZA Authorities saved captured green sea turtle
Sta. Ana, Cagayan – An endangered species of green sea turtle was rescued by CEZA officials in the hands of Chinese guests in one of the resorts in the Freeport zone on June 20, 2018 at around 8:30 in the evening.
The turtle, locally known as pawikan, was seen by CEZA authorities carried in a sack while guests of the resort were taking pictures of it. According to the Chinese guests when asked by the CEZA officers, they just bought the pawikan from a fisherman in Barangay San Vicente of this town.
The pawikan (Chelona mydas) measured 58 centimeters long and 55 cm wide.
“I think it belonged to an endangered species of sea turtle. It is in good condition and showed no signs of injury” said Dhart E. Carpio, CEZA Department Manager for Support Services who discovered the captured pawikan. Carpio together with CEZA Legal Counsel Atty. Frederick Madriaga and Administrative Chief Tito Perlas were the first to apprehend the captured sea turtle from the Chinese guests.
CEZA Chief Safety Officer Avelino T. Natividad together with Ernesto Ablao, Environmental Chief conducted a physical examination on the turtle after close coordination with the DENR officials and Philippine Coastguard in the area. The endangered specie was turned over to the sanctuary area of the Philippines Coast Guard and was released immediately the following morning by CEZA Deputy Administrator Leonardo Cruz, CEZA OIC Laurence Umayam together with other CEZA officers and officials from DENR and Phil. Coastguard.
DA Cruz reminded the officers and staff of CEZA to immediately inform the local environment office and proper authorities if they see endangered species such as green sea turtles captured so these species can be saved.
Meanwhile, OIC Umayam instructed the CEZA Environment Division to do an extensive information and dissemination campaign for the protection of endangered species and wildlife in the Freeport Zone.
DENR officials also said the turtles should be released immediately if they are in good condition because wildlife animals should be in their natural habitat. Those who keep them from their natural habitat will be prosecuted.
“It is mandated in Republic Act 9147 or the Wildlife Conservation Act that killing, destroying, inflicting injury, trading, collecting, gathering, and maltreating of these critically endangered species is punishable,” they added.
Pawikan cooked meat which the locals call “bildog” has become popular in the town of Santa Ana. There has been public pressure on CEZA and the local government to stop the capturing and killing of these pawikan to make “bildog”.
■HANWA Group joints CEZA Fintech Project
■CEZA welcomes another fintech investor
Another partnership was formalized by the Cagayan Economic Zone Authority (CEZA), this time with Apsaras Group Limited, to fulfill its goal to be the next “Silicon Valley of Asia.” On top of engaging in Offshore Virtual Currency Exchange (OVCE) operations, the latter is also set to undertake the development of marina, complete with yacht club facilities and a hotel/resort within the Cagayan Special Economic Zone and Freeport (CSEZFP). The marina blueprint also includes shipping operations that will cater to passenger and cargo vessels from the CSEZFP to Shenzhen, China and vice versa.
■Twin CEZA Business Summits achieve favourable outcome
The First CEZA Business Summits successfully transpired on May 21-22, 2018 at the Manila House, Bonifacio Global City, Taguig. The two-day event was able to gather representatives from various government organizations, media, policy-makers and industry experts, potential investors and businessmen alike, to discuss the plans, development strategies and priority projects of CEZA, as well as its policies, rules and regulations. The event also provided opportunities for investors and business executives to discuss with government officials, policy-makers and decision-makers their investment-related concerns and for CEZA to get firm investment commitments.
The first day was allotted for the CEZA Fintech Summit and brought together fintech players from around the globe to discuss about virtual currency exchanges operations with CEZA. Key players of the industry shared their knowledge and expertise during the Summit. With the theme: “A new Venture in the Valley Unfolds”, the event officially launched CEZA as the emerging fintech hub of Asia. After losing hundreds of millions worth of revenue from gaming operations as a result of the government’s campaign to eradicate illegal gaming operators in 2017, CEZA is set to establish the next “Silicon Valley” of Asia and earn multi-billion from this industry.
The 2018 CEZA investment Summit transpired on the second day, bringing together policy-makers, locators and potential investors and discussed about the incentives, policies, and the exciting new opportunities with CEZA. The participants of this event were able to gain insights on CEZA’s policy directions, plans and priorities, revised and new rules and regulations; to meet other players and discuss possible avenues for partnerships; and to develop and in-depth understanding of CEZA.
■CEZA INVESTMENT SUMMIT 2018
As the Cagayan Economic Zone Authority (CEZA) pursues its commitment to provide information on investment opportunities and trade in the various sectors of development at the Cagayan Special Economic Zone and Freeport (CSEZFP), all deemed toward attracting legitimate and productive local and foreign investments and thus, creating employment opportunities in and around the Freeport.
The Investment Summit will be the main venue to gather investors, entrepreneurs and experts from both private and public sectors and discuss strategic actions to create a better investment and business environment in Santa Ana, Cagayan.
Through this Summit, policy makers and decision makers will be able to give a clear and concise information about policy directions, plans, priorities, revised and new rules and regulations of CEZA and to effectively and efficiently provide quality services for excellent customer satisfaction that will enlighten the participants in leveraging investments to Cagayan Special Economic Zone and Freeport (CSEZFP).
This will also provide an exclusive opportunity for investors and business executives to personally interact with Government Officials, policy makers and decision makers to address challenges of the sectors, share their agenda and get firm investment commitments.
WHAT TO EXPECT?
At the CEZA Investment Summit, stakeholders, clients, business leaders/ corporations and prospective locators will:
• Gain insights on CEZA’s policy directions, plans and priorities, revised and new rules and regulations;
• Develop in-depth understanding about how an ecozone development as an imperative measure will bolster inclusive socioeconomic growth in the region including related policies, rules and regulations applicable to Cagayan Freeport Zone;
• Meet key players and discuss possible avenues for partnerships; and
• Network with existing and new contacts to build harmonious working relationships for the future
WHO SHOULD ATTEND?
• Heads of Concerned Government Organizations
• Local Government Units of the Province of Cagayan
• Chief Executive Officers/ Chief Investment Officers of Banking/ Financial Institutions, Manufacturing Companies, Real Estate Holdings, Shopping Malls, etc.
• Stakeholders/ Locators
• Prospective Private Sector Investors
• Non- Government Organizations and Peoples Organizations
• Other Interested Parties or Individuals
■CEZA actively partakes in the 27th North Luzon Area Business Conference
Sec. Raul L. Lambino, CEZA Administrator and CEO, delivers his remarks before the leaders of the industry on their 27th North Luzon Area Business Conference (NLABC), an annual event of the Philippine Chamber of Commerce and Industry (PCCI), held on May 18, 2018 at the LausGroup Event Centre in the City of San Fernando.
CEZA head, Sec. Raul Lambino, was a speaker during the culminating ceremony of the 27th North Luzon Area Business Conference (NLABC) held on May 18, 2018 at the LausGroup Event Center, San Fernando, Pampanga.
The event is said to have gathered over 600 delegates from all over North Luzon, including Ilocos Region, Cordillera and Cagayan Valley, and to have the biggest and most organized NLABC in 30 years. Rene Romero, Vice-Chairman of Pampanga Chamber of Commerce and Industry that hosted this year’s NLABC, shared his positive thoughts about the anticipated economic boom in the area, with Pampanga now “experiencing the spill over of Metro Manila and big players now eyeing us as their next prospect.”
NLABC is an annual business conference organized by the Philippine Chamber of Commerce and Industry (PCCIA) aimed at informing, inspiring and motivating businesses to stimulate local economic growth. The event was keynoted by former President and now Second District Representative Gloria Macapagal-Arroyo who shared and discussed the government’s “Megalopolis” plan.
The three-day event included a regional trade fair, seminars, networking and business-matching sessions, invitational golf tournament and a plenary sessions led by AirAsia Group CEO Tony Fernandes, top Filipino economist Dr. Bernie M. Villegas, and Department of Public Works and Highways Undersecretary for Planning and Public-Private Partnership (PPP) Dr. Maria Catalina E. Cabral, among others.
■MGen Antonio Lim of Philippine Airforce arrived at Lal-lo Airport via C295 aircraft for a briefing and ocular inspection of the 10 has. land donated by CEZA
■Representative from Air Asia visited Lal-lo Airport, Port Irene and San Vicente port and other tourism destination in Sta.Ana
On photo: Capt. Dexter Comendador, CEO, Maan Hontiveros, Chairwoman, Edward Joseph Gupit, Marketing Executive, Desiree Maxino Bandal, Group Head, Government Policy and ASEAN, AirAsia
■CEZA joins Investment Roadshow to Taipei (Philippine Business Forum and Business Matching)
CEZA joined other investment promotion agencies (IPA’s) for the three-day Philippine Business Forum and Business Matching roadshow on April 23 to 25, 2018 in Taipei. The roadshow included the following itinerary: April 23 – travel to Taiwan Information Service Industry Association April 24 – Travel to Taiwan Electrical and Electronic Manufacturer Association April 25 – Travel to Shinkong Synthetic Fibers Corporation CEZA took this opportunity to present the distinct advantage of the Cagayan Freeport, with its proximity to Taiwan and to other big economic conglomerates. It has also presented its key development thrusts in shipping and transshipment, tourism and ecotourism, agri-industrial development and ICT development. The Philippine Investment Delegation was met by a high level of interest and inquiries from Taiwanese business community and attendees of the event.
■CEZA PROMOTES SOLAR POWER DEVELOPMENT AT THE CAGAYAN FREEPORT
CEZA seals an MOU for Solar Power Development
Sec. Raul Lambino, CEZA Administrator and CEO, seals another Memorandum of Understanding, this time with Mr. Reynaldo Casas, NVVSolar Team President for Projects, for a solar power development endeavour at the Cagayan Freeport.
■A CUTTING-EDGE BROADBAND SERVICE FOR CEZA’S JURISDICTION
■CEZA TO STRENGTHEN ITS SECURITY AND SUPPORT SYSTEM
CEZA, through its Administrator and CEO, Sec. Raul Lambino, together with the Iris Corporation Berhad, through its Group CEO, Shaifal Subhan, and Positive Paragon Sendirian Berhad, through its Executive Officer, Gary Lee Seaton, signed a memorandum of understanding last March 01, 2018 for the construction and implementation of a High Security Electronic Border Control System, a Biometric Identification Card System, e-Wallet solutions and other airport management services.
■A HYBRID POWER GENERATION FOR THE CAGAYAN FREEPORT
CEZA, represented by its administrator and CEO, Sec. Raul Lambino, entered into another memorandum of understanding on February 28, 2018 with HPM Power Corp., represented by Paul Delanoe, Executive Vice President of Eco- Gen Energy Inc.; Ricardo F. Ligan, President of Social Hybrid Power Inc.; and Howard G. Roxas, President of Globalone- Asia Power Inc., for the creation of a turnkey distributed-generation facility/plant.
This undertaking aims to construct a turnkey distributed-generation facility, including 50 Eco-Gen JouleBox® units of hybrid solar/wind generators necessary to produce three megawatts of electrical power and an estimated total of over 26,000,000 kwh annually for exclusive purchase of CEZA, among others.
■The 2018 CEZA-Eastern Hawaii National Motocross Championship
The Cagayan Economic Zone Authority (CEZA), in partnership with one of its locators, Eastern Hawaii Leisure Company Ltd., and with the support of LGU-Sta. Ana, held the 2018 CEZA-Eastern Hawaii National Motocross Championship on April 14 & 15, 2018 in Centro, Sta. Ana, Cagayan.
The event, which is part of the second round of this year’s Philippine championship series of the National Motorcycle Sports and Safety Association (NAMSSA), gathered about 130 riders, which included prominent national and Asian campaigners. This also included the Philippine Motocross Rider of the Year, Kenneth San Andres, and other challengers like Moy-Moy Flores and Gabriel “Bilog” Macaso, among others.
The off-road track in Centro, Sta. Ana, Cagayan Freeport prepared for this event were specifically designed to meet the safety standards and technical guidelines of the Federation Internationale de Motorcyclisme (FIM), the world’s governing body for two-wheel motorsports.
This event is part of CEZA’s tourism promotions efforts and is just first among the many more to come soon.
■CNIA LAUNCHES MAIDEN INTERNATIONAL FLIGHT
The Cagayan North International Airport (CNIA) has launched its first international flight from Macau on March 23, 2018. CEZA has received a Temporary Aerodrome Certificate from the Civil Aviation of the Philippines (CAAP) after the facilities on its runway were upgraded, its precision approach path indicator was installed, and obstruction along the runway has been cleared. The first domestic flight of Cebu Pacific to the Lallo town airport will follow in April. With a robust upgrade from its previous capacity, the CNIA can now operate international flights and hopes to accommodate even bigger aircrafts like Airbus A320 and Boeing 737 soon.
■PRRD WITNESSES THE DESTRUCTION OF USED VEHICLES
President Rodrigo Roa Duterte, together with CEZA A/CEO Sec. Raul Lambino, leads the destruction of the contraband vehicles on March 14, 2018 at Port Irene, Sta. Ana, Cagayan Special Economic Zone and Freeport.
In his speech, President Duterte said, “This condemnation of these smuggled vehicles demonstrates our firm stand to put an end to a longstanding societal disease that has eroded public trust and tainted the government’s sincerity to deliver equitable social services.” He also added that it also “signifies our strong resolve to restore good governance, preserve our nation’s dignity, and safeguard our people’s welfare.”
■ENHANCED PORT OPERATIONS AT THE CAGAYAN FREEPORT LAUNCHES SOON
CEZA and Shiptek Solutions Corporation formalize partnership in the enhancement of the Cagayan Freeport’s port operations through a Memorandum of Understanding (MOU) signed on March 16, 2018 at the CEZA Pasig City Office.
Shiptek Solutions Corporation, through its Founder and CEO, Eugenio S. Ynion, Jr., and CEZA, through its Administrator and CEO, Sec. Raul L. Lambino, signed a Memorandum of Understanding (MOU) on March 16, 2018 at the CEZA Pasig City Office. The MOU formalizes the partnership of the two parties in the enhancement of the ports at the Cagayan Freeport through the introduction of a new system that can help streamline the ports’ operations. The innovative technology, which is referred to as XLOG, is a fully integrated system with complete logistics system, and can track and document the movement of goods from their point of origin to their final destination, thus improving revenue capture and enhancing security. Said system is intended to be implemented this 2018.
■HALAL FOOD PROCESSING PLANT, A HIGH-RISE HOTEL AND A MID-RISE HOTEL WITH A DUTY-FREE MALL SOON TO RISE AT THE CAGAYAN FREEPORT
CEZA signs an MOU with M1 Worldwide Philippines, Inc. and Global Intellectual Capital (GIC) for the development of a 105-ha Halal food processing plant, a two-ha 25-storey hotel and a Acting Deputy Administrator; Mr. Ahmad Faris Mohd Noor, M1 Worldwide Phils., Inc. Vice Chairman, and Mr. Caesar P. Villapañe, Global Intellectual Capital Director, among others.four-storey seaside hotel with duty-free mall
The Cagayan Economic Zone Authority (CEZA), M1 Worldwide Philippine, Inc. and Global Intellectual Capital (GIC) have agreed and signed a Memorandum of Understanding (MOU) on March 12, 2018 at the CEZA Pasig City Office to develop a 105-hectare Halal Hub food processing plant, a two-hectare 25-storey hotel and a four-storey seaside hotel with duty-free mall at the Cagayan Freeport.
The MOU was signed by Sec. Raul L. Lambino, CEZA Administrator and CEO; Mr. Muhammad Aminuddin Abdullah II, M1 Worldwide Phils., Inc. CEO; and Mr. Tan Peng Kwan, GIC Group of Companies CEO. Also present to witness the MOU signing were Mr. Raymundo Roquero, CEZA
■CEZA TAKES ANOTHER LEAP TO ESTABLISH ONE OF THE FINEST FINANCIAL TECHNOLOGY HUB IN ASIA
FinTech PH and CEZA sign a Memorandum of Understanding (MOU) on March 08, 2018 at the CEZA Pasig City Office to develop the economic zone into a financial technology hub
In recognition to the invaluable contribution of Financial Technology (Fintech) companies in worldwide trade and commerce and its potential to induce and accelerate a sound and balance industrial, economic and social development of the Cagayan Freeport, CEZA has recently collaborated with FinTech Philippines Association (FinTech PH) through a Memorandum of Understanding (MOU) signed by CEZA Administrator and CEO, Sec. Raul L. Lambino, and FinTech PH Co-Founder, Mr. Thomas Laughlin. The MOU make the two parties partners in the shared strategic and cooperation priorities to support the development of regulations that shall promote sustainable growth of the Cagayan Freeport as a world-class hub for fintech organizations, ideas, talents and endeavors and to also support the organizations applying modern technologies, such as cryptocurrencies, blockchain technologies, alternatives to current financial infrastructure, and others to the current, and future, challenges with regard to financial activities and regulations applicable. This partnership is another step taken by CEZA towards its mission of making the Cagayan Freeport one of the leading financial technology hubs in Asia.
FinTech PH is a non-stock/non-profit association of FinTech organizations, individuals, and associates bound to encourage the development, growth, and success of FinTech within the Philippines.
■CEZA ADVANCES POWER DEVELOPMENT FOR THE CAGAYAN FREEPORT
CEZA inks MOU to undertake the development of a Power Master Plan
CEZA A/CEO Sec. Raul L. Lambino and DNV GL Singapore Pte. Ltd. Business Development Head Yatin Premchand signs MOU to advance power development in the Cagayan Freeport
CEZA, through its Administrator and CEO, Sec. Raul L. Lambino, inks a Memorandum of Agreement with DNV GL Singapore Pte. Ltd., through its Business Development Head, Mr. Yatin Premchand, on March 06, 2018 for the development of a power master plan for CEZA. In this agreement, CEZA hopes to be able to determine the current state of this Authority’s energy access, infrastructure and resource constraints, to deploy viable solutions to meet CEZA’s development objectives, actionable projects, timelines, gaps and opportunities, and to develop an implementation support plan for CEZA’s opportunities in relation to energy development.
DNV GL Singapore Pte. Ltd. is a Singaporean company that provides independent testing, inspections and advisory services for the energy value chain, including wind power, solar, conventional generation, transmission and distribution, smart grids, and sustainable energy use, as well as energy markets and regulations.
■23rd CEZA ANNIVERSARY CELEBRATION
February 24, 2018 marked CEZA’s 23rd anniversary. The CEZA personnel commemorated the occasion through a simple celebration done separately by the Cagayan team on February 24 and by the Manila team on February 26, both of which were joined by CEZA A/CEO Sec. Raul L. Lambino and the rest of the top management. The commemoration was also an opportunity for CEZA personnel to review their past performance and for the new management to gauge their plans and accomplishments so far. Being an ISO 9001:2015 certified, CEZA is committed to provide the highest quality of products and services to provide excellent customer satisfaction.
■ISO 9001:2015 OFFICIAL CERTIFICATION
CEZA is now ISO 9001:2015 certified! On February 26, 2018, Ma. Melanie Olbita, general manager of the International Standard Certification Philippines Inc., officially turned over CEZA’s certificate of registration to Sec. Raul Lambino, CEZA’s administrator and chief executive officer. Leonardo Cruz, CEZA’s Special Assistant to the A/CEO who chaired the Authority’s Quality Management System Core Team, said that the certification is a significant milestone for CEZA as it demonstrates the Authority’s dedication to consistently provide the highest standards of products and services to meet its customers’ satisfaction. ISO is an independent, non-governmental international organization, with a membership of 162 countries including the Philippines, which has developed international standards to ensure that customers receive consistently high-quality products and services.
■ISO 9001-2015 STAGE 2 AUDIT
After achieving Stage 1 Audit last February 6, 2018, CEZA leaped to another milestone for the Stage 2 Final Audit at CEZA Pasig Office on February 13, 2018. International Certification Standardization (ISC) Global, the accredited certifying body for ISO 9001:2015, has finally endorsed and commended CEZA, after an extensive audit to the Authority’s internal operations of its three (3) offices (Pasig, Tuguegarao, Santa Ana). The audit has revealed that CEZA demonstrates effective implementation of quality management system and provides evidence of excellent services to its customers and clients. This also proves that the agency is continuously striving for excellence in the name of public service.
■ISO 9001-2015 STAGE 1 AUDITThe Cagayan Economic Zone Authority (CEZA) underwent the Stage 1 Audit of the ISO 9001:2015 (International Organization for Standardization) at CEZA Pasig Office on February 06, 2018 hurdling the initial steps towards world-class quality management system the certifying body, International Certification Standardization (ISC) Global consisted of Ms. Melanie L. Olbita as the General Manager, Mr. Leo Enrico S. Salano as the Lead Auditor and Ms. Irene P. Calantog, Auditor. The area audited included Context of the Organization, Leadership, Planning, Support, Operation, Performance Evaluation and Improvement. ISO 9001 is the international standard that specifies requirements for a quality management system (QMS). Organizations use the standard to demonstrate the ability to consistently provide products and services that meet customer and regulatory requirements. ■SINO SUN GROUP CEZA Administrator and CEO, Secretary Raul L. Lambino welcomed the group of Sino Sun Subic Bay Holdings Corporation headed by their Chairman Samuel PS Lim in signing of the Memorandum of Understanding (MOU) on February 1, 2018 at the CEZA Board Room, Pasig City. The signing ceremony was also joined by CEZA Top Officials and Sino Sun Executives who signed as witnesses during the ceremony.The MOU confirms the cooperation between the two institutions which aims to conduct a feasibility study for infrastructural and economic development to attract and support future investments in the Cagayan Special Economic Zone and Freeport (CSEZFP). It will likewise include a study on establishing a FinTech City at the zone which will cater to and support financial technology industries such as block chain center, cryptocurrency mining farm, financial technology start-up incubators and cryptocurrency exchange, among others, which will not only create significant employment opportunities but will also put the Cagayan Special Economic Zone and Freeport on the international financial map.
■SHANGHAI GRID ELECTRIC POWER SCIENCE AND TECHNOLOGY CO., LTD. (SHGE) On Wednesday, February 1, 2018, a Memorandum of Understanding was signed between the Cagayan Economic Zone Authority spearheaded by Administrator and Chief Executive Officer, Secretary Raul L. Lambino and Shanghai Grid Electric Power Science and Technology Co., Ltd., (SHGE) represented by its Chairman, Lei Li at the CEZA Boardroom in Pasig City.The objective is to develop the Cagayan Economic Zone and Freeport as a self-sustaining industrial, commercial, investment, financial and tourism-recreational center as it opens itself to business opportunities with attractive incentives and advantages for interested investors that would like to register in CEZA.The Shanghai Grid Electric Power Science and Technology Co., Ltd (SHGE) aims to bring in investment within the Cagayan Economic Zone and Freeport in the form of a 200-megawatt coal power plant and its supporting industrial parts, operations, power generation and related business activities.The signing was also joined by CEZA Top Officials and SHGE Executives who signed as witnesses during the ceremony. ■MVP ASIA PACIFIC INC. (MVP)/ TRIVICITI GLOBAL LIMITED (TRIVICITI) A tripartite Memorandum of Understanding was signed by Cagayan Economic Zone Authority headed by its Administrator and CEO Secretary Raul L. Lambino, MVP Asia Pacific Inc. (MVP) represented by its Chief Executive Officer, Darren Mcvean and TRIVICITI Global Limited (TRIVICITI) represented by Chief Executive Officer, Mark A. Bond. The signing was a kick start cooperation between the three institutions in CEZA’s collective effort to develop a commercial investment center at the Cagayan Special Economic Zone and Freeport (CSEZFP).The purpose of this MOU is to explore, plan and scope out the work required to achieve the objective of making the Cagayan Economic Zone and its surrounding areas, a world class smart city center in the Philippines.The brief ceremony was held on February 1, 2018 at the CEZA Boardroom in Pasig City.