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==Balanga sets record P6-B investment== | |||
*Source: http://www.mb.com.ph/articles/347551/balanga-sets-record-p6b-investment | |||
*By: MAR T. SUPNAD | |||
*''January 09, 2012'' | |||
BALANGA CITY, Bataan, Philippines — This newly-booming city in Central Luzon hit a record-breaking investment of P5.95 billion in the year 2011, Mayor Joet S. Garcia reported in his State of the City Address (SOCA) recently. | |||
Garcia reported that the total amount of investment included the successful implementation of the national government’s program of Public-Private-Partnership (PPP) in which the city government was able to attract private investors such as the New San Jose Builders owned by Jerry Acuzar, a native of San Jose, Balanga City. | |||
Through the initiative of Garcia, Acuzar entered into a business agreement with the local government to put up the Galeria Victoria, the biggest commercial establishment in the city that was opened only last Dec. 15, 2011. | |||
The successful establishment of the Galeria Victoria was constructed at no cost on the City through the PPP. | |||
Garcia said the city will earn tens of millions of pesos from the rentals alone aside from the hundreds of employment it will generate once it is fully operational. | |||
Other big investments the past year were the renovation of the Center Plaza mall where the Jollibee, Greenwitch and other commercial establishments were set up; the New Balanga Public market, a McDonald’s store, and Wanam, among others. | |||
“The healthy business competition and convenience has resulted to a more opportunity and jobs and that the newly-hired 700 number of employment will be double once all the commercial establishments in the city are fully operational,” said Garcia. | |||
The former place of Jollibee, Garcia said, was awarded in public bidding to the EBA construction owned by Engr. Eusebio Aquino, also a native of this city, through a build-lease-transfer scheme in which the city will earn an expected amount of P108 million from lease payment in 25 years. | |||
The soon-to-be-constructed Plaza de San Jose, like the Galeria, will be put up through PPP and the city will spend nothing for its construction. | |||
Meanwhile, the Robinson posted record-breaking sales during its opening last December 15, 2011 exceeding 25 percent sales from its other branches, Garcia said. | |||
==Garduce conquers "Seven Summits"== | ==Garduce conquers "Seven Summits"== | ||
*Source: http://www.philstar.com/SportsArticle.aspx?articleId=765427&publicationSubCategoryId=200 | *Source: http://www.philstar.com/SportsArticle.aspx?articleId=765427&publicationSubCategoryId=200 | ||