ILOILO CITY — Security Bank Corporation (SBC) today held its fourth economic forum in 2019, as part of its roadshow to reach key investment hubs nationwide. The forum discussed how businesses in Western Visayas can take advantage of the economic and technological trends, and provided an overview of the political implications after the midterm elections.
The economic forum in Iloilo is the first forum of the bank outside Luzon. Since its inception, SBC has held the annual forum in Metro Manila. This year, however, the growing investment opportunities of burgeoning cities outside the capital inspired Security Bank to bring the forum to Visayas.
“Western Visayas continues to amaze us with its impressive GDP growth in 2018. And as our market continues to grow in the region, it was only a matter of time until we further strengthen our footprint here,” Security Bank President & CEO Alfonso L. Salcedo, Jr. said in his opening remarks.
In 2018, Western Visayas recorded a 6.1% gross domestic product growth, making it one of the top regions in the country in terms of economic performance. Due to its strategic location, Iloilo City continues to be considered as one of the most competitive local economies in the region.
Included in the roster of speakers were Calixto Chikiamco, President of the Foundation for Economic Freedom; Francisco Magno, Trustee and Convenor for Governance of Stratbase ADR Institute; and Francisco Gentoral, Executive Director of the Iloilo Economic Development Foundation., Inc. (ILED).
Aside from political and economic trends and risks, the guest speakers discussed opportunities in investing in Iloilo City, particularly in agriculture, tourism and emerging sectors.
“Iloilo City has become the premier gateway to Visayas with a growing hub for BPOs, real estate companies and SMEs among the few. It is becoming one of the future-cities because of its progressive policies. The city must know what challenges it may face to create solutions to face these disruptions.
Security Bank is taking this opportunity to provide you with valuable information that will help in making the best business decisions,” Salcedo ended.