TACLOBAN CITY – The recognition that Leyte province had been receiving from groups such as the Philippine Chamber of Commerce and Industry is now starting to provide a positive feedback from business sector.
This after a giant Filipino firm had informed the provincial government their intention to make an investment by funding to creation an economic zone in the province.
Leyte Governor Carlos Jericho Petilla in an interview revealed that the Filipino giant firm giant, San Miguel Corporation through its President and CEO Ramon Ang had told him their intention to fund a creation of an eco-zone in the province with a power plant that can generate 5,000 megawatts of electricity.
“This is a clear manifestation that we are on the right track and we are doing the right thing in order for investors to come and to let them know our province exists,” said Petilla.
“So, I welcome them, anybody who want to do business in Leyte are always welcome and this is because of the recognition that the province is receiving from various groups,” he added.
The eco-zone to be put-up by the SMC, according to Petilla, will cater to Chinese locators, among which are manufacturers of aluminum.
However, Petilla aired his apprehension over the construction of a power plant as based on the information that he received, said plant that is to be put-up will use coal to generate electricity.
“Environmentalists are against the use of coal for it has bad effect on mother earth, and this is highly debatable,” said Petilla.
“But at least we are happy because there are giant companies that are showing their interests in putting business in the province,” he added.
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