The Cagayan Economic Zone Authority (Ceza) has announced that it has inked a tripartite memorandum of understanding (MoU) with two Chinese companies to develop a maglev research and development center in Sta. Ana, Cagayan.
However, collection from online gambling operations slowed down compared last year and could be attributed to CEZA’s new thrust to limit online gambling operations inside the zone.
CEZA has already exceeded its 2017 income of P224.548 million, which came mostly from online gaming operations.
After becoming a hub for offshore-based online gaming, the Cagayan Economic Zone Authority (CEZA) is now setting its sights on the booming crypto-currency business.
The Cagayan Economic Zone Authority (CEZA) has signed a memorandum of understanding with up-and-coming tech firm Converge ICT to build the freeport’s “digitally-enabled” backbone.