ILOILO City is all set to show-off its business and investment potential to the country’s blue chips corporations and other business locators during an Investment Forum slated on March 12 at the Hotel Intercontinental in Makati City.
Mayor Jed Patrick Mabilog said the forum is expected to attract big businesses to Iloilo, allowing it to develop into a booming city in the south.
The meeting of Iloilo-based and Manila-based businessmen is in collaboration with the United States Agency for International Development and the Cities Development Initiative as part of a three-year Invest Project initiative.
Senate President Franklin Drilon will keynote the forum, which is expected to bring good news to the investors.
Drilon will focus on initiatives of the 16th Congress to streamline numerous tax incentives for businesses and tighten consumer protection as part of its legislative package that is geared toward encouraging investors, scaling up the business climate, enhancing market competition, and creating job opportunities, among others.
A native of Molo district in Iloilo City, Drilon said the forum will showcase the city’s potential business strengths and help ensure macroeconomic and fiscal sustainability to enhance the overall Philippine climate for greater business competition and foreign investments.
Mabilog said the City Government is hosting the forum in Makati City to bring to the Philippines’ financial district and the rest of the world its business potential and bullish development strides and robust economic growth.
One of the expected participants is Dream Eng. Company, a Korean firm set to establish the first solid waste-to-energy project in Iloilo City.
The Korean firm also pledged to make a feasibility study on the development of some 500 hectares coastal reclamation project into an industrial park located between the boundaries of Balabago, Jaro, Iloilo City and Leganes, Iloilo.