Global biz leaders air plan to boost Ilocos Norte trade
>> Friday, November 11, 2022
Gov Manotoc pushes invest schemes
ILOCOS NORTE Gov. Matthew Marcos Manotoc pushed to make the province "gateway of East Asia" and the "Commercial Hub of Northern Luzon" as he met with local and global leaders in business, trade, and commerce recently in Metro Manila.
Persuading leaders from Filipino-Chinese, Korean, Taiwanese, and Japanese organizations to invest in Ilocos Norte, Manotoc, with the Ilocos Norte Trade and Investment Center, presented investment opportunities in the province, particularly in agriculture, mining, tourism, and labor-intensive investments.
"We will continue to lobby for investments in our twin powerhouse sectors of agriculture and tourism, while also inviting investments in renewable energy, manufacturing, services, and responsible mining. We envision Ilocos Norte as the gateway to East Asia and the commercial hub of Northern Luzon," he remarked.
The series of meetings were successful as new partnerships were created between the provincial government and investment stakeholders from Manila.
The Federation of Filipino-Chinese Chambers of Commerce and Industry (FFCCCI), Korean Chamber of Commerce Philippines (KCCP) and Danish-Taiwan Business Group recognized the potential of Ilocos Norte’s agricultural sector.
FFCCCI president Lim Bon Liong expressed his interest in rice production. KCCP president Hyungchong Joseph Um proposed a partnership on agricultural exchange and cooperation, including technology and skills transfer through the seasonal worker exchange program, while the coordinator of DTBG John Boja, wanted to focus on fisheries development.
The Federation of the Filipino-Chinese Association of the Philippines Foundation Inc., along with FCCCI and KCCPI, voiced their interest in Ilocos Norte’s tourism industry.
Tim Zhou, Chief of So Mago, an e-commerce company, wants to work with the provincial government to expand his e-tourism business.
KCCPI proposed a partnership with the private sector for the operation of Paoay Golf Course by forging a sisterhood with a Korean city or province. Peter Kho, president of Ramada Encores, a hotel chain owned by Wyndham Hotels & Resorts, expressed interest in investing in the local hospitality industry.
The KCCPI president proposed a partnership to build an English tutorial online learning center since he finds setting up this kind of business is favorable considering the caliber of college graduates in the province.
The executive director of the Japan External Trade Organization Kazuo Nakamura, suggested bringing in labor-intensive investments in the province, citing high-quality labor force, labor cost and cost of suppliers as considerations for Japanese investors.
The provincial government under Manotoc, has been pursuing a more "investment-friendly" climate in the province by ensuring quality infrastructure is built to accommodate business operations, offering tax holidays to corporations, and amending the province’s code to maximize the benefits of all economic activities to all stakeholders.-Allyssa Charisse G. Magno, Geraldine R. Ulep, Kenneth Dhovan Natividad, PGIN-CMO Interns
Persuading leaders from Filipino-Chinese, Korean, Taiwanese, and Japanese organizations to invest in Ilocos Norte, Manotoc, with the Ilocos Norte Trade and Investment Center, presented investment opportunities in the province, particularly in agriculture, mining, tourism, and labor-intensive investments.
"We will continue to lobby for investments in our twin powerhouse sectors of agriculture and tourism, while also inviting investments in renewable energy, manufacturing, services, and responsible mining. We envision Ilocos Norte as the gateway to East Asia and the commercial hub of Northern Luzon," he remarked.
The series of meetings were successful as new partnerships were created between the provincial government and investment stakeholders from Manila.
The Federation of Filipino-Chinese Chambers of Commerce and Industry (FFCCCI), Korean Chamber of Commerce Philippines (KCCP) and Danish-Taiwan Business Group recognized the potential of Ilocos Norte’s agricultural sector.
FFCCCI president Lim Bon Liong expressed his interest in rice production. KCCP president Hyungchong Joseph Um proposed a partnership on agricultural exchange and cooperation, including technology and skills transfer through the seasonal worker exchange program, while the coordinator of DTBG John Boja, wanted to focus on fisheries development.
The Federation of the Filipino-Chinese Association of the Philippines Foundation Inc., along with FCCCI and KCCPI, voiced their interest in Ilocos Norte’s tourism industry.
Tim Zhou, Chief of So Mago, an e-commerce company, wants to work with the provincial government to expand his e-tourism business.
KCCPI proposed a partnership with the private sector for the operation of Paoay Golf Course by forging a sisterhood with a Korean city or province. Peter Kho, president of Ramada Encores, a hotel chain owned by Wyndham Hotels & Resorts, expressed interest in investing in the local hospitality industry.
The KCCPI president proposed a partnership to build an English tutorial online learning center since he finds setting up this kind of business is favorable considering the caliber of college graduates in the province.
The executive director of the Japan External Trade Organization Kazuo Nakamura, suggested bringing in labor-intensive investments in the province, citing high-quality labor force, labor cost and cost of suppliers as considerations for Japanese investors.
The provincial government under Manotoc, has been pursuing a more "investment-friendly" climate in the province by ensuring quality infrastructure is built to accommodate business operations, offering tax holidays to corporations, and amending the province’s code to maximize the benefits of all economic activities to all stakeholders.-Allyssa Charisse G. Magno, Geraldine R. Ulep, Kenneth Dhovan Natividad, PGIN-CMO Interns
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