Puerto Princesa highlights its potential as an ideal investment market
The local government of Puerto Princesa, Palawan is presenting itself as an ideal market for potential investors.
In an investment briefing, city officials talked to investors and interested businessmen about the growth opportunities the city has to offer.
Puerto Princesa City Mayor Lucilo Bayron said emphasized the competitive advantages that they could offer to businesses — including connectivity to regional and international travel; stable peace and order situation; tax incentives for Business Process Outsourcing (BPO), tourism, renewable energy, and agri-fishery sectors; and vast tracts of land that can be developed for commercial purposes.
He also said that the LGU is pursuing various projects to stimulate economic growth in the city.
“Today, we ask you to join us by investing in Puerto Princesa and bringing Puerto Princesa to greater heights to achieve sustainable, inclusive growth,” Bayron stated.
At the same time, Puerto Princesa Vice Mayor Nancy Socrates expressed gratitude to the LGU’s various partners—such as the Board of Investments (BOI) —and echoed the Mayor’s remarks for investors to be proactive participants in the city’s growth story.
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