‘Synergy in Mandaue’-A A +A
By Mia A. Aznar
Friday, January 31, 2014
AFTER the Philippine Economic Zone Authority (Peza) board removed an incentive for developers building IT parks in Cebu City, those in the property business believe that most will start setting their sights on Mandaue City.
Danilo Ignacio, chairman of DEI Properties, said Mandaue is an ideal location for IT parks because of its proximity to Cebu City and the international airport.
Ignacio gave this observation at the press conference announcing the development of the Norkis Cyberpark by the Norkis Group of Companies along A.S Fortuna St. in Mandaue City, which his company will be managing.
He also felt the support of the local government in constructing the first phase of the project, saying the city is investor-friendly.
Mandaue City Mayor Jonas Cortes, who attended the press conference, said there are more areas for development in the city, citing their 14-hectare share of the reclamation near Cansaga Bay and another reclamation project in the works. He believes these parts will change the landscape of the city.
Aside from the Norkis Cyberpark, the Aboitiz and Ayala groups have announced a partnership to develop a property in Subangdaku.
Cortes has repeatedly noted that people need to pass Mandaue to go in and out of Cebu City, which makes it a viable location for investment.
He credits the business sector for Mandaue City’s progress, saying they have allowed the City to operate on a P1.8-billion budget, a leap from the P680-million annual budget he worked with when he first assumed office in 2007.
“We owe it all to the business sector. Because they have been paying their taxes religiously, we can improve our services. There is synergy in Mandaue,” he said.
To further strengthen their partnership, Cortes said he is proposing a new scheme for corporate social responsibility activities with the Mandaue Chamber of Commerce and Industry. He explained that to create the most impact, he is creating a “menu of options” that addresses an array of social issues that companies can engage in.
Published in the Sun.Star Cebu newspaper on February 01, 2014.