Wednesday, 7th October 2015

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By: Francis Allan L. Angelo

THE 1st Iloilo City Business Summit hopes to achieve its aim of awakening conservative Ilonggos to invest more in the city through a wide range of topics to be discussed by topnotch business leaders today at Sarabia Manor Hotel and Convention Center.

Felix Tiu, chairman of the Iloilo City Investments and Promotions Board, said the topics on reviving businesses, small and medium enterprises, tourism, business processes outsourcing and innovative business strategies will spur the interests of Ilonggos to be more aggressive in business.

Tiu said Ilonggos have enough capital to start new businesses what with some P50 billion just “sleeping” in commercial banks in the city.

“After the summit, we hope that our Ilonggos will be roused from their conservatism and be more bullish in investing in our place,” he added.


Tiu said the summit is also an opportunity for the city to showcase its potentials to leaders of blue-chip firms in the country.

The speakers of the summit include Manuel V. Pangilinan, chairman of the Metro Pacific Investments Corp.; Jesus P. Tambunting, chairman and president of Planters Development Bank; Ramon Del Rosario, chairman of Phinma Corp.; Dr. Cecilio K. Pedro, president and CEO of Lamoiyan Corp.; Jonathan D. De Luzurriaga, executive vice president of CIBI Information Inc.; Narzalina Z. Lim, president of the Iloilo Economic Development Foundation, Inc.

City Mayor Jed Patrick Mabilog said the summit will be a great opportunity for the Ilonggos to take a look on the best practices of the country’s top businessmen to face the challenges in the global market.

Mabilog said Pangilinan will be bringing with him the top officials of his corporations to interact with Ilonggo business leaders.

The mayor is expected to deliver his accomplishment report and business roadmap during the summit.

Ambassador Jesus P. Tambunting, chairman and president of Planters Bank, said Iloilo has a lot of business potentials because of its complete resources, particularly human capital.

Aside from speaking in the summit today, Tambunting inaugurated Planters Bank’s Iloilo loan office on Quezon Street, Iloilo City Proper Thursday.

Tambunting said what Ilonggos need is help from the private sector, especially banks, in realizing their potentials and the opportunities available to them.

Tambunting said their main focus is on emerging small and medium enterprises which fuel local economies through product development and employment generation.

“We are going beyond the usual bank loans and services. We will be reaching out to our aspiring entrepreneurs, holding their hands as they grow their businesses. The bank has enough resources to help entrepreneurs grow,” he added.

The 1st Iloilo City Business Summit is a project of the Iloilo City Trade and Investment Promotions Board under the Office of the City Mayor, Iloilo City Trade And Investment Promotions Foundation, Inc. in partnership with the Department of Trade and Industry, Junior Chamber International Iloilo and Injap Land Corp.

The Daily Guardian is a media partner of the summit.


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