Puerto Princesa Mayor Calls for More Investments, Organizes Business Forum

    Puerto Princesa - Negosentro

    INVEST IN PUERTO PRINCESA CITY. 
    THE NEXT BIG OPPORTUNITY.

     

    The city government of Puerto Princesa under the stewardship of Mayor Lucilo Bayron, together with its private sector and the United States Agency for International Development (USAID),  will host a Business Forum on September 25, 2019 at the Luzon/Visayas Ballroom of Sofitel Philippine Plaza Manila, Pasay City.

    Honorable Mayor LUCILO BAYRON, Puerto Princesa City
    Honorable Mayor LUCILO BAYRON, Puerto Princesa City

    With the theme “Puerto Princesa. Your Investment. Our Commitment.”, the business forum aims to present a snapshot of the diverse business opportunities that make investing in Puerto Princesa City an advantageous choice.  Taking the stage are some of the country’s business movers and shakers: Mr. Jeffrey Ng, President of Astoria Hotels and Resorts Group and current Chairman of the Subdivision and Housing Developers Association (SHDA); Mr. Maximo Ricohermoso, President of MCPI Carrageenan Corporation; Ms. Kimpearl Licup, Managing Director of Princesa Garden Island Resort and Spa in Puerto Princesa, Ms. Haidee Enriquez, Vice President for Operations of the Sitel Group; Mr. Quintin Pastrana, President of WEnergy Power Pilipinas Inc.; and Mr. Bobby Castro, Chairman of the Palawan Chamber of Commerce.

    Puerto Princesa has multiple competitive advantages.  It is strategically located within the growth corridor of the BIMP-East ASEAN Growth Area (BIMP-EAGA), with global connectivity through its new international airport (it has direct flights to South Korea, Taiwan, and mainland China) and a seaport that is currently undergoing modernization.  

    It is an economic growth hub of Region IV-B with its rich natural resources, fertile fishing grounds and vast tracts of land available for development that provides a wide range of possibilities for agri-fishery processing, logistics, industry, and services, leisure and living.

    Puerto Princesa remains an attractive tourism draw to both local and foreign travelers, with visitor traveler increase of 25 percent in 2018 from 2017.  Seventy percent of visitors to Palawan go to Puerto Princesa City. It is home to the world-famous Puerto Princesa Subterranean River National Park, a UNESCO World Heritage site, as well as a full “mountain-to-sea” ecosystem, and some of the most important forests in Asia.  Puerto Princesa enjoys the enviable position as the country’s cruise capital with a growing number of world-renowned luxury ships dropping anchor. 

    Forming part of the Philippines’ last frontier, huge investment opportunities abound to make Puerto Princesa the leading city in renewable energy across the country.

    Its rich pool of human resource is complemented by competencies in various academic and technical fields.  

    Puerto Princesa Underground River
                                                                  Puerto Princesa Underground River

    Under the USAID’s Strengthening Urban Resilience for Growth with Equity (SURGE) Project,  Puerto Princesa’s city government has instituted sound business reforms and a better environment for investments.  It has also strengthened its public-private sector collaboration that is essential for the city to sustain local economic growth and development.

    The Puerto Princesa City Business Forum’s goal is clear-cut – provide a smooth runway for investments in the city. It seeks to attract investors who are ready to seize the tremendous opportunities and take part in the city’s ongoing economic expansion.

    Slots to the September 25 forum are limited.  For further inquiries, contact the Puerto Princesa City Business Forum Secretariat at mobile numbers 0917.8128735 / 0917.8274518, or e-mail ppcbusinessforum@gmail.com 

    The Puerto Princesa City Business Forum is supported by SM Prime Holdings Inc., Astoria Palawan, Seaoil Foundation, Yamang Bukid Farm, and Stellar Grounds Puerto Princesa.

     

    Sector Form of Investment  Project Name
    Agriculture  Private Investment  Establishment of Cashew Processing Center 
    Establishment of Cashew Trading Center 
    Private Investment

    (Contract growing, Joint Venture, Partnership)

    Establishment of Diversified Cashew Farming System
    Private Investment  Establishment of Saba BananaProduction 
    Establishment of a Seaweed  Farm 
    Establishment of a Seaweed Processing Center  
    Public and Private Investments  Mariculture Park Development 
    Agri-Based Income  Private Investment  PPC Cattle Fattening Farm 
    PPC Quail Breeder Farm and Hatchery Unit
    Agri-Fishery Infrastructure Public and Private Investments  PPC Integrated Fishport Complex 
    Agri-Livestock  Private Investment  PPC Layer Chicken Farming 
    Education  Public and Private Investments  PP Teaching Hotel 
    Health Services Private Investment  Indoor Sports Center 
    Vacation and Holiday Resort for the Elderly 
    Infrastructure Private Investment  Mixed Use Development of Tagburos Real Property 
    Public and Private Investments  PPC Cruise Ship  Tourism Complex (Convention Center, Hotel and Cultural Museum)
    PPC Pawikan Convention Center & Hotels 
    Private Investment and Joint Venture Industrial and Commercial Area Development 
    Real Estate & Tourism  Public and Private Investments  Tagbarungis Eco-Beach Park 
    Tourism  Private Investment  Sale of Bancao-Bancao Beach Front Property 
    Private and Public Investments (Joint Venture and Partnerships) San Carlos-Bacungan Mangrove River Cruise
    Private Investment  Establishment of a Retirement Village 
    Public and Private Investments  PPC Zoo Park Development 
    Tourism Infrastructure Public-Private Partnership / Joint Venture Agreement  Acacia Nature Park and Tree Tunnel  Development Project 
    Public and Private Investments  PPC Balayong Park Development 
    Tourism & Infrastructure Public and Private Investments  PPC Environment Estate 
    Maoyon River Cruise Site  Development and Management 
    Tourism Services Private Investment  Baywalk Development 

     

    More about USAID Surge Project:
    https://www.usaid.gov/philippines 

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