Saturday, 03 July 2010 06:53
MARIVELES, Bataan — The Freeport Area of Bataan (FAB) officially takes over Tuesday stock, lock and barrel the Bataan Economic Zone (BEZ) after its Implementing Rules and Regulations (IRR) was officially signed, Bataan 2nd District Representative Albert S. Garcia said Monday.
Leading the signatories in the IRR of Republic Act 9728 or the Authority of Freeport Area of Bataan (AFAB) Law, was Finance Secretary Margarito Teves.
Garcia said that the new set of officers of FAB had been officially designated with the assumption of lawyer Deo Custodio as chairman of FAB, whom he described as “a professional administrator and highly capable.”
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