Marañon: ‘No monopoly of business in Sagay’

-A A +A

Friday, February 19, 2010


SAGAY City Mayor Alfredo Marañon Jr. said all investors are always welcome to Sagay City for the growth and development of the city.

"There is no monopoly of business and in any transactions in the city,” said Marañon.

Marañon’s statement came following insinuations that businesses in the city are monopolized by three big families of Marañon, Javelosa and Cueva.

The city is host to 3 banks namely; Rural Bank of Sagay which according to media report, its incorporators are some members of the Marañon family. The two other banks existing in the city are Land Bank of the Philippines and Bank of the Philippine Islands (BPI).

Marañon said the Equitable Bank and Philippine National Bank used to operate a branch in the city but closed in previous years.

He said he would be inviting investors to come to his office anytime to cater for their complaints, if there’s any, to map out possible measures doable for both parties.

The city is now having a one-stop shop at the city hall for the investors’ speedy processing of their business permits and other requirements.

Meantime, the city takes pride of its Mini-mall engineered as its modern public market.

For the lease contract, for blocks alone, the city earned P5 million in revenues.

Also, the city as an export processing zone has its own slaughterhouse whose facilities and equipment worth of a total P165 million budget is ISO certified.

By June, the city government is opening a port that will directly link Sagay City to Batangas through a roll-on roll-off marine operation.

Marañ ‘no monopoly business sagay’

DISCLAIMER: Sun.Star website welcomes friendly debate, but comments posted on this site do not necessary reflect the views of the Sun.Star management and its affiliates. Sun.Star reserves the right to delete, reproduce or modify comments posted here without notice. Posts that are inappropriate will automatically be deleted.

Forum rules: Do not use obscenity. Some words have been banned. Stick to the topic. Do not veer away from the discussion. Be coherent and respectful. Do not shout or use CAPITAL LETTERS!

FOREX: US$ 1.00 = PhP 43.556

Bangko Sentral ng Pilipinas

Philippine Lotto Results

Gamesort iconCombinations
Megalotto 6/4519-35-20-41-44-30
4Digit7-4-5-7
Swertres Lotto 11AM6-6-6
Swertres Lotto 4PM1-1-6
Swertres Lotto 9PM8-8-1
More results

Today's front page

sunstar-bacolod-2014-09-02

Other front pages

Sun.Star Jobs