Friday, July 13, 2007 RP’s first SME Industrial Park opens in Naga, Cebu
PLANTERS Development Bank (Plantersbank), the leading bank for small and medium enterprises (SMEs), in the Philippines inaugurated the country’s first SME Industrial Park at the Naga Township Special Eco Zone in Naga, Cebu last July 11.
Another milestone for the SME sector, the initiative was started with the thought of providing Filipino entrepreneurs with ways and means to grow and expand their business and enable them to compete globally.
The inauguration took place in the SME Industrial Park’s administration building in Naga, Cebu where a model scale of the special ecozone will be presented for viewing.
“The SME Industrial Park will enable Cebu’s SMEs to utilize property investment to further boost business productivity, ensure efficient transactions and meet the growing demands of both local and foreign markets while enjoying special economic zone incentives like tax and duty-free privileges previously extended only to large corporations,” Plantersbank national chairman and chief executive officer Ambassador Jesus P. Tambunting said.
The Plantersbank SME Industrial Park aims to become Cebu’s melting pot of the finest and innovative ideas for businesses that will propel the country’s overall SME excellence for global recognition.
