Brunei eyes Iloilo as investment destination-A A +A
Saturday, January 26, 2013
BRUNEI is eyeing the city and province of Iloilo as possible investment destination in the Visayas after seeing the numerous business possibilities the city offers to investors.
Brunei Ambassador to the Philippines, Her Excellency Malai Hajah Halima Malai Yussof, told Iloilo City Mayor Jed Patrick Mabilog that she is impressed with the ongoing development strides of the city and particularly hinted investments in the field of education and food security.
Yussof also said that certain areas of cooperation maybe forged between Iloilo City and Brunei Darussalam as many overseas Filipinos workers (OFWs) are there. She said that Brunei students may also opt to go to Iloilo City for their education.
Mabilog said that the city has 10 universities and colleges that offer numerous degrees and is considered as the educational center in the Visayas and Mindanao.
The city also hosts the John B. Lacson Maritime University as the only maritime education university in Southeast Asia.
Besides, living and studying in Iloilo City is much cheaper by 50 percent as compared to the standards of living in Manila, Cebu and Davao cities, Mabilog said.
The lady Ambassador together with Australian Ambassador Bill Twedell, and One Meal Foundation chairperson Teresita Chan are in the city to see the Dinagyang Festival on Saturday and Sunday.