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Sunday, September 24, 2006 (Philippines)

The expansion of the Cebu International Convention Center (above, as of Sept. 16, 2006) into an international sports arena is one venture that Cebu Gov. Gwendolyn Garcia asked foreign investors to evaluate in a recent forum. But first things first: organizers are optimistic the CICC will be ready in time for the Asean summit in December. (Sun.star file photo) Another investor has expressed interest to Cebu Gov. Gwendolyn Garcia to do business in Cebu, after the recent Asia Pacific Infrastructure Conference in Hong Kong. Bill Banks, director of project finance of Ernst and Young Transaction Advisory Services Ltd., sent a letter to Garcia saying he is now “looking for ways of finding a trip to Cebu” the soonest possible time. Banks, who was also a speaker at the conference, said he would be “very keen” to meet Garcia and “discuss opportunities” to work together on “major infrastructure projects.” [full story]