Press Release
January 22, 2016

GUINGONA LAUDS LGU FOR BIG FOREIGN INVESTMENT IN COTABATO CITY

POTENTIAL for peace is potential for business.

Senator Teofisto "TG" Guingona III, Chairman of the Senate Committee on Peace, Unification and Reconciliation, on Friday commended the efforts of the local government of Cotabato City for making a potential partnership with huge Malaysian traders possible.

"Here we can see the local government working hard to gain the trust of its people and the confidence of investors by showcasing the city's capability to provide a healthy business environment despite adverse perceptions of the region," Guingona stated.

In December 2015, Malaysian business groups reportedly have "expressed interest in pouring investments" into the city, including traditional trade and halal meat processing. This came as a result of Cotabato City Mayor Japal Guiani Jr.'s three-day visit in Johor, Malaysia.

According to Guiani, the Malaysian investors were drawn to the city's recent recognitions, growth in local economy, and significant drop in unemployment rate, apart from the city's abundant natural resources.

"Clearly, this development in Cotabato is one step toward achieving progress, and therefore achieving just and lasting peace, in Mindanao," Guingona said.

News Latest News Feed