Cagayan Economic Zone Authority partners with PLDT Enterprise

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Cagayan Economic Zone Authority partners with PLDT Enterprise

Jay Garcia

The partnership aims to expand connectivity to attract investors for the new financial technology hub

[Editor’s note: The following is a press release from PLDT Enterprise]

MANILA, Philippines — PLDT Enterprise, the B2B arm of the country’s leading ICT and digital services provider, has fortified its partnership with the Cagayan Economic Zone Authority (CEZA), providing the latter with expansive connectivity infrastructure to attract international investors and boost local tourism.

Currently, the economic zone has opened up Port Irene for the influx of goods, such as cement, fertilizer, and construction machinery, adding to the freeport’s productivity and income.

CEZA’s biggest project, however, is the building of a $100-million financial technology center, which includes a blockchain and crypto-currency university — providing educational opportunities for Filipinos in the Cagayan region. The center will be built over a 10-year period, with the help of international and private investors.

“We want to promote the hub as a crypto-valley and blockchain center in the Asia Pacific, which is why there’s a huge demand to modernize our connectivity infrastructure. I’m very happy that PLDT Enterprise is behind us to service our communication needs,” says CEZA administrator and CEO Raul Lambino.

CEZA has enlisted the B2B arm for fiber connectivity, further enabling ICT services for its locators.

“The Cagayan Economic Zone Authority has several infrastructure projects in the pipeline, in line with the government’s Build, Build, Build initiative. We at PLDT Enterprise look forward to providing them with world-class connectivity services and solutions that will help transform the economic zone into a premier fintech destination in the Asia Pacific,” says first vice president of PLDT Enterprise, Mitch Locsin. 

Global leader in internet testing and analysis Ookla recently awarded PLDT and Smart Communications for fastest fixed and mobile network speeds respectively, for the first and second quarters of 2018. –

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