The proposal would create a special economic zone in Barangay Balubal, Cagayan de Oro, run by a new authority (CDSEZA) that can attract foreign investors, give them a 5 % final tax on gross income, and offer a special visa for those who invest at least US$200,000. The zone would be a separate customs area, have its own board (including local officials, an investor and a worker rep), and be overseen by the Office of the President.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
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HB04723 · Sources: BatasWatch
Status history
No changes since we started checking daily on Oct 4, 2026.
Status via BatasWatch (independent source)
Similar in what they’d do, filed by any lawmaker.