Business and Economy

Megaworld Corporation, buyer of the old airport site in Mandurriao district, has taken all the responsibility for the transfer of informal households covered by the 54-hectare property they bought from the national government. Continue Reading »

GUIMARAS ISLAND—The country’s tourism industry is expected to sustain its growth despite the growing impact of the economic recession in the United States and the global rice supply crisis, according to Tourism Secretary Joseph “Ace” Durano. Continue Reading »

The Iloilo City Local Development Council (ICLDC) yesterday approved a resolution asking President Gloria Macapagal-Arroyo to order the transfer of Power Barge (PB) 104 presently moored in Davao City to Iloilo to cover the present power deficiency being experienced by city and entire Panay island. Continue Reading »

Latest updates about Iloilo Business Park by Megaworld Corp.

• Iloilo Projects and Contructions May 2008 Update
• Concept Plan of Megaworld’s “Iloilo Business Park”
• Megaworld begins relocation of squatters in old airport site
• Iloilo Business Park by Megaworld Corp.
• Megaworld to present development plan before SP
• Megaworld to develop BPO triangle
• Megaworld: Visit Iloilo first before Boracay
• Megaworld needs 35MW of power
• Iloilo to rise in BPO world map
• MegaWorld groundbreaking in 3 months, says Treñas

Project Details: Urban property developer Megaworld Corporation has acquired the 54-hectare old airport lot in Mandurriao for P1.2B. Megaworld has also announced plans to invest P1.5B to develop it into a Business Process Outsourcing (BPO) hub, the first ever in Western Visayas.

Aerial view of Megaworld Property. Photo by Bernardo Arellano III

The corporation hired the services of Palafox and Associates to make their master plan in the old airport site. The proposed 54.5 hectare Iloilo Business Park by Megaword will adopt a concept of “live-work-play-learn community.” It will have BPO offices, residential condominiums, a hotel, convention center, commercial and retail center, skills training center and recreational facilities. The investment by Megaworld in Iloilo is the first investment made by the corporation outside Manila.

THE entry of giant shopping malls has taken its toll on the Central Business District (CBD) in downtown Iloilo City.

But Mayor Jerry Treñas hopes the CBD will be revived starting with the P4.7-million grant from international institutions German Technical Cooperation (GTZ) and Asian Development Bank (ADB) for consultancy projects. Continue Reading »

STARTING May 1, the Philippine Airlines (PAL) will be flying from Iloilo to Cebu then to Caticlan saving many travelers bound for Boracay the trouble of taking the six-hour land trip.

PAL will fly the Iloilo-Cebu-Caticlan route with a 50-seater plane manufactured by Canada’s Bombardier. Continue Reading »

Megaworld Corporation is set to present their development plan before the Sangguniang Panlungsod. The development plan includes the reclassification of the 54-hectare property from institution purposes to mixed purposes. Continue Reading »

Department of Tourism (DOT) regional director Edwin Trompeta said they are targeting some 2.3 million foreign and local tourists in 2010. The department’s ultimate goal “is to attract not only tourists but also high value visitors” to experience cultural and heritage and resort attractions the region can offer. Continue Reading »

ILOILO City offers 22,000 seats for prospective call centers willing to expand here. This will be highlighted by Mayor Jerry Treñas before a call center conference in Manila on Tuesday. Continue Reading »

THE issue of adequate energy supply is one of the bottlenecks to Iloilo’s growth.

This is the contention of Larry Memmott, counselor for economic affairs of US Embassy who arrived in Iloilo City Tuesday afternoon. Continue Reading »