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Wednesday, July 13, 2005
City wants to lure Manila investors to Cebu
Banking on the sound political climate here, Cebu City officials will ask investors to do business in Cebu instead of Manila, where political unrest dampens investment opportunities.
Acting on orders of Mayor Tomas Osmeña, City Hall’s Public Information Officer Nagiel Banacia said they will publish an ad in a national daily urging investors to come to Cebu.
It will be more advantageous for businessmen to invest in Cebu rather that in Manila “because there is so much chaos and rallies there and it may affect businesses.”
“Unlike Manila, we have a good political situation and it’s a good place to invest in. Like what the mayor said, this is the time when Cebu will soar, when Manila is facing many problems,” Banacia told reporters yesterday.
Taking the lead of the City’s elected officials, 25 City Government department heads and some 400 rank-and-file employees at City Hall signed yesterday the manifesto supporting Arroyo.
Banacia said they hope to get the majority of the City’s 5,000 employees to sign the manifesto, copies of which were posted in bulletin boards at City Hall.
He said the signing of the manifesto is purely voluntary and no one will be forced to join the call to rally behind the beleaguered President.
Additional security measures will be in place at City Hall during the City Council’s regular session this afternoon.
Councilor Sylvan Jakosalem said he requested for police personnel in case militant groups hold their rally there.
“Security at City Hall will be beefed up because we will have the session and they might go there. Local anti-GMA groups know that members of the council support the President. But of course, maximum tolerance will be observed,” he told Sun. Star Cebu. (LCR)
(July 13, 2005 issue)
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