Skip to content

Philippines Today

home of the Global Filipino

Menu
  • News Stories
  • Regional News
  • Business & Economy
  • Science & Technology
  • International
Menu

Scandinavian investors welcome in Cagayan de Oro, says vice mayor

Posted on June 17, 2014

CAGAYAN DE ORO CITY, June 17 (PNA) — Investors from Scandinavia are welcome to invest in this trading hub of Northern Mindanao, Vice Mayor Ceasar Ian Acenas said on Tuesday.

Acenas made the statement to belie the accusation made by City Mayor Oscar Moreno that he did not welcome the Scandinavian investors who called in the Vice Mayor’s office last May.

In a speech during the commemoration of the city’s 64th Charter Day anniversary last Sunday, Moreno accused Vice Mayor Acenas of driving away the Scandinavian investors from the city and recommended to pour investment in Misamis Oriental.

Moreno said that Acenas told the Scandinavian investors that “the City Mayor and I (Acenas) are not in good terms.”

“I have to find and rush to the Scandinavian investors who were having a meeting at that time with the local stakeholders to apologize for such ‘irresponsible’ statements,” Moreno said.

Contrary to Moreno’s allegation, the Office of the Vice Mayor warmly welcomed officials of the LT Scandinavia Corporation who called in his office with a Letter of Intent on May 14, 2014, Acenas said.

He said that Liza Licudine, the Chief Operations Officer of the Filipino-Finish company led the Scandinavian team of Mika Molainen, Chief Executive Officer, and Esa Jokela, a member of the company’s Board of Directors.

According to Acenas, the Scandinavians have shown interest in exploring the possibility of undergoing Geothermal Power Plant and Clean Water Service projects in the city.

“I briefed the investors on the current power and water conditions in the city while expressing the hope that the entry of the LT Scandinavia Corp. could resolve the issues so that better services could be extended to the local constituents,” Acenas said.

He said that he assured the investors that the City Council would support proposals after the necessary studies and consultations have been made. “The legislative body would enact necessary ordinances for projects that would benefit the city,” Acenas added. (PNA)

Share this:

  • Facebook
  • Twitter
  • LinkedIn
  • Pinterest
  • More
  • Tumblr
  • Reddit

Related

News Categories

  • Announcement (34)
  • Business & Economy (1,567)
  • Comment and Opinion (74)
    • Random Thoughts (18)
  • Current Issues (425)
    • Charter Change (1)
    • Election (228)
    • Population (6)
  • International (389)
  • Life In Japan (66)
    • Everything Japan (41)
  • Literary (34)
  • Miscellaneous (610)
  • News Stories (5,312)
  • OFW Corner (297)
  • Others (75)
  • People (408)
  • Press Releases (163)
  • Regional News (3,362)
  • Science and Technology (502)
  • Sports & Entertainment (287)

Latest News

  • BSP keeps policy rates anew December 17, 2015
  • NEDA cuts PHL additional rice import for 2016 by 25% December 17, 2015
  • DA cites serious implications of banning genetically modified products December 17, 2015
  • BBL is not yet dead – Drilon December 17, 2015
  • Comelec recognizes Duterte’s CoC for president December 17, 2015
  • NEDA chief sees 2015 growth at 6% despite typhoons December 17, 2015
  • House of Representatives ratifies bicam report on P3.002-T national budget for 2016 December 17, 2015
  • Cebu-based developer invests PHP430M to build 709 townhouse units in north Cebu town December 17, 2015
  • City gov’t eyes P75-M income from economic enterprise December 17, 2015
  • Baguio City LGU presents traffic plan for holiday season December 17, 2015

Archives

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Science and Technology

  • DOST-ICTO targets 500,000 web-based workers from countryside by 2016
  • (Feature) STARBOOKS: A ‘makeover’ for librarians
  • Science, research reduce ‘cocolisap’ hotspot areas in PHL
  • Montejo to further improve PAGASA and empower scientists
  • 1st PPP in biomedical research produces knee replacement system fit for Asians

Press Releases

  • Microsoft to buy Nokia’s mobile devices business for 5.44-B euros
  • New World Bank climate change report should spur SEA and world leaders into action: Greenpeace
  • Save the Philippine Seas before it’s too late — Greenpeace
  • Palanca Awards’ last call for entries
  • Philippines joins the global call for Arctic protection

Comment and Opinion

  • Remembering the dead is a celebration of life
  • Killer earthquake unlikely to hit Panay Island in near future – analyst
  • It’s not just more fun to invest in the Philippines, it is also profitable, says President Aquino
  • How does one differentiate a tamaraw from a carabao?
  • Fun is not just about the place, it is also about the people, says DOT chief

OFW Corner

  • Ebola infection risk low in Croatia
  • Death toll rises to 41, over 100 still missing in landslide in India
  • Asbestos use in construction a labor hazard
  • 500,000 OFWs to benefit POEA on-line transactions — Baldoz
  • 25 distressed OFWs return home from Riyadh
©2025 Philippines Today | Design: Newspaperly WordPress Theme