BACOLOD

Biz leader: Western Visayas economy 'on a roll'

MBCCI chief executive officer Frank Carbon.

A BUSINESS leader in Negros Occidental said the economy of Western Visayas is currently "on a roll" amid the further ease of restrictions in light of the coronavirus disease (Covid-19) threat.

Frank Carbon, chief executive officer (CEO) of the Metro Bacolod Chamber of Commerce and Industry (MBCCI), said the volume of passengers and cargoes moving in and out of Panay and Negros Islands is steadily increasing.

Carbon said with the recently launched Starlite Venus, a roll-on, roll-off (roro) vessel, is now directly connecting Iloilo and Bacolod Real Estate Development Corp. (Bredco) ports to Batangas International Seaport.

"[Better] movements of passengers and cargoes are generating thousands of jobs," he added.

The MBBCI earlier said it is currently working with the Department of Science and Technology (DOST) in helping producers of white shrimps or vannamei to boost production to at least three crops per cycle per year.

The main market of white shrimps are hotels and restaurants in Metro Manila which offer good price for the region's produce.

The chamber recognized that just like sugar, swine and blue crab, the white shrimp industry contributes to the enlargement of the region's economy and employment generation.

"White shrimps producers are investing to expand their culture or water areas with the assistance of the DOST," its CEO said.

On November 14, the Magikland Theme Park in Silay City resumed its operation after several months of closure due to the pandemic.

For the business leader, this first outdoor theme park in the Visayas is now waving its "magic wand" and attracting visitors from other islands and regions.

Carbon also said that giant power plant companies are seriously considering Western Visayas for their investment expansions.

"This is a reflection of better days ahead," he said, adding that the Development Bank of the Philippines and Land Bank of the Philippines and other financial institutions are now in discussion with the MBCCI on how to finance the economic recovery initiatives of the private sector in the region.

Carbon again urged businesses to open-up their enterprises, reinvest and start generating more jobs and livelihood.


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