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Sunday, June 25, 2006
Governor gets chance to address global investors, policymakers
Cebu will have a chance to shine in the upcoming Asia-Pacific Conference in Hong Kong, where senior policymakers, leading global investors and top private sector professionals dealing with infrastructure development converge.
Gov. Gwendolyn Garcia was invited as a speaker in the event, where discussions will “analyze the potential for infrastructure investment in the Asia-Pacific region and the opportunities being made available to the international capital markets.”
Ana Sharp, president of Asia-Pacific Conferences Euromoney Institutional Investor, said the Cebu governor will join a group of dignitaries who have recently spoken in Euromoney conferences such as British Prime Minister Tony Blair, Malaysian Prime Minister Abdullah Ahmad Badawi, President Gloria Arroyo and Joseph Yam, chief executive of the Hong Kong Monetary Authority, among others.
From the Philippines, only Cebu was invited to the gathering on Sept. 5 and 6. Other dignitaries who will take part in the conference are ministers and other top officials of Japan, Vietnam, Indonesia and India.
Garcia is requested to speak about the role governments play in “planning and mobilizing innovative solutions” and other things to be done to increase opportunities and the feasibility of private sector participation.
Enterprises
In Cebu, Garcia takes pride in the Capitol’s implementation of “innovative and creative” solutions to old problems, such as the outsourcing of government personnel and the transformation of government hospitals into economic enterprises.
Euromoney Conferences is one of the world’s leading organizers of assemblies for “cross-border investment and capital markets; for portfolio and direct investors, financial intermediaries, corporations, governments, banks and financial institutions.”
The conferences aim to offer business leaders and decision makers the opportunity to exchange ideas, develop new contacts and participate in “leading-edge discussions.”
In its website, Euromoney Conferences explained that it is holding the Asia Pacific Infrastructure Congress in Hong Kong because the region needs to spend $1 trillion on infrastructure over the next five years to meet the needs of rapidly expanding cities, rising populations and robust demand from growing businesses.
“The public sector cannot afford investment on this level. Inevitably, the private sector will be required to fill the gap,” it said.
Through the congress’ keynote speeches, panel discussions and workshops, delegates will have an opportunity to meet with and hear from the region’s key decision-makers. (JPM)
For Bisaya stories from Cebu. Click here. (June 25, 2006 issue)
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