08/02/2018
" INVESTORS SEE ILOILO AS NEXT GROWTH AREA "
The British Chamber of Commerce Philippines (BCCP) wants to bring 50 companies to the Visayas region next month, planning a trade mission in iloilo amid expectations that the island group would grow faster that the rest of the country.
"WHY VISAYAS? while the Philippines continues to enjoy a high growth rate, the VISAYAS, according to NEDA, is enjoying an even higher growth rate, " according to a statement from the National Economic and Development Authority (NEDA), the region is expected to grow by 7.7-7.8 percent over the next five years, The entire country is expected to grow 7-8 percent annually.
" ILOILO, in Particular, has a "LOT of OPPORTUNITIES," Chris Nelson, Said.(BCCP Chairman). Citing the City's strong performance in terms of AGRIBUSINESS, MANUFACTURING and INFORMATION and COMMUNICATIONS TECHNOLOGY.
The city has also been part of the 10 most competitive cities in the past few years, according to National Competitiveness Council,. INQ