BACOLOD CITY, March 21 (PNA) — The business sector in Bacolod City continues to be upbeat over local economic growth with entry of multi-billion peso real estate investments in the city.
Frank Carbon, president of the Metro Bacolod Chamber of Commerce and Industry (MBCCI), said the investors were “not ordinary companies, these are giants in the real estate industry.”
Ayala Land Inc. held the groundbreaking for its Php 6-billion mixed used development on the Capitol and Coscolluela properties in Bacolod last March 5.
Last Thursday, Megaworld Corp. unveiled its Php 35-billion investments for two townships in Bacolod in the next 10 years.
“It confirms that Bacolod and Negros Occidental are ready for billion-peso investments that would result to thousands of good paying jobs,” Carbon said.
He added, “This will enlarge our working class and middle class. The middle class is our backbone for strong economy.”
Strong middle class would attract more investors, he said.
The business leader said he was expecting more investments in the city and the province following the entry of the real estate giants.
“Other investors will think that there must be something here. That there must be a gold mine here to attract these real estate giants,” Carbon said.(PNA)