Ayala poised to roll out dev’t plan in Negros-A A +A
Wednesday, August 28, 2013
BUSINESS tycoon Jaime Augusto Zobel de Ayala, chief executive officer of Ayala Land Inc. (ALI), revealed on Tuesday plans on putting up a hotel, small clinics, and pouring in of tourism investments in Negros Occidental province.
De Ayala was in Negros Occidental, particularly in the cities of Bacolod and Silay, for the signing of a memorandum of agreement for the Text2Teach project with 12 local government units in the Visayas. He said the corporation wants to contribute in whatever it can in the medium-term developments in Negros Occidental.
ALI has a binding contract with the Provincial Government for the sale and lease of the 7.7-hectare Capitol properties, which agreement had been approved by the Commission on Audit.
Governor Alfredo Marañon Jr. revealed that de Ayala had asked the province to clear the properties covered by the lease agreement, and that, Ayala may pay the Capitol before the year ends.
The Provincial Government stands to earn P35.4 million annually from ALI for the lease properties that covers 4.1 hectares.
At a press briefing Tuesday, Luli Heras de Leon, president of Ayala Foundation Inc., said they are willing to help to prove their love for the communities, through sustainable projects in partnership with local government units.
Local businessmen, on the other hand, welcome ALI's investments in the province, especially with the Capitol project which may start this year.
Roberto Montelibano of the Philippine Chamber of Commerce and Industry said such investments of Ayala will definitely create more jobs and could ease the impact of the full implementation of the Asean Free Trade Agreement (Afta) in 2015.
The Afta would mean the imposition of five percent tariff on imported sugar, and is feared to greatly affect the sugar industry where the province is most dependent.
Published in the Sun.Star Bacolod newspaper on August 28, 2013.