The government is looking to establish a community-based economic zone in Marawi City to help the war-torn city bounce back in terms of economic growth and job opportunities for returning residents, the Finance department said.

In a statement, the department said Finance Secretary Carlos Dominguez 3rd briefly detailed the plan during a recent meeting with Sumitomo Mitsui Banking Corp. (SMBC) officials led by group CEO and president, Takeshi Kunibe.