Connect with us

Hi, what are you looking for?

Top Stories

Editor's Pick

Filinvest Land readies technology park expansion

PROPERTY DEVELOPER Filinvest Land, Inc. (FLI) is expanding its Filinvest Technology Park in Calamba City, Laguna as part of efforts to boost its presence in the Southern Tagalog region.

In a stock exchange disclosure on Thursday, FLI said it held the groundbreaking ceremony for its 25-hectare Filinvest Innovation Park-Ciudad de Calamba (FIP-CDC), which seeks to expand the 50-hectare technology park. 

FLI said the entire FIP-CDC is an economic zone registered with the Philippine Economic Zone Authority (PEZA), making it eligible for tax perks, simplified trade processes, and special visa privileges for foreign employees. 

“FIP-CDC is an expansion of FLI’s 50-hectare Filinvest Technology Park, a PEZA ecozone established in 2002 in Ciudad de Calamba, a 350-hectare Modern Filipino Hispanic Filinvest townscape. FIP-CDC joins FIP New Clark City in Capas, Tarlac as FLI’s concrete commitment to catalyzing the country’s economic growth through its strategically located innovation parks,” FLI said.

Once completed, FID-CDC will lease out ready-built factory (RBF) and built-to-suit units aimed at the various requirements of prospective locators.

The first two RBFs are projected to be finished by end-2023, while further land development of FIP-CDC lots will be finished by mid-2024.

According to FLI, the RBFs meet Grade A warehouse specifications including higher ceiling clearance and floor load capacity, elevated production floors with loading docks, and superior infrastructure support for utilities, including access to high-speed internet, and fire detection and suppression.

The RBFs will also have provisions for the installation of rooftop solar panels and rainwater harvesting.

“FIP-CDC marks a significant step forward for FLI as we expand our industrial presence in the Southern Tagalog region. With its cutting-edge green and digital features, FIP-CDC will offer a prime environment for logistics, e-commerce, and light manufacturing locators. We are proud to provide a platform that not only supports businesses but also contributes to the growth of the local economy,” FLI President and Chief Executive Officer Tristaneil D. Las Marias said. 

On Thursday, FLI shares at the local bourse were steady at 67 centavos apiece. — Revin Mikhael D. Ochave

You May Also Like


As the world seeks sustainable and energy-efficient solutions for heating and cooling, the heat pump market is experiencing a significant surge. According to the...

Editor's Pick

Standard Chartered Bank (SCB), the oldest international bank in the country,...


<?xml encoding=”utf-8″ ?????????> The business experts at Forbes Advisor have conducted an analysis of the most recent UK business demography statistics report from the...


<?xml encoding=”utf-8″ ?????????> Economists have warned that calls from Conservative MPs for Chancellor Jeremy Hunt to cut taxes after improved borrowing data emerged show...

Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Secrets Of Richdads. All Rights Reserved.