City calls for more investments, organizes business forum

(Photo courtesy of MG Asia Public Relations, Inc.)

A business forum that will present snapshots of the diverse investment opportunities in Puerto Princesa will be hosted on September 25 in Metro Manila by the private sector, the United States Agency for International Development (USAID), and the city government.

A press statement prepared on behalf of the office of Mayor Lucilo Bayron by MG Asia Public Relations, Inc. said it will be held at the Luzon/Visayas Ballroom of Sofitel Philippine Plaza Manila in Pasay City.

The forum will have the theme “Puerto Princesa. Your Investment. Our Commitment”.

The statement said taking the stage are some of the country’s business movers and shakers such as Jeffrey Ng, president of Astoria Hotels and Resorts Group and current chairman of the Subdivision and Housing Developers Association (SHDA); Maximo Ricohermoso, president of MCPI Carrageenan Corporation; Kimpearl Licup, managing director of Princesa Garden Island Resort and Spa in Puerto Princesa, Haidee Enriquez, vice president for operations of the Sitel Group; Quintin Pastrana, president of WEnergy Power Pilipinas Inc.; and Bobby Castro, chairmn of the Palawan Chamber of Commerce.

“Puerto Princesa has multiple competitive advantages. It is strategically located within the growth corridor of the BIMP-East ASEAN Growth Area (BIMP-EAGA), with global connectivity through its new international airport (it has direct flights to South Korea, Taiwan, and mainland China) and a seaport that is currently undergoing modernization,” the statement said.

It said it is an economic growth hub of Region IV-B with its rich natural resources, fertile fishing grounds and vast tracts of land available for development that provides a wide range of possibilities for agri-fishery processing, logistics, industry and services, leisure and living.

It added that the city remains an attractive tourism draw to both local and foreign travelers, with visitor traveler increase of 25 percent in 2018 from 2017.

Around 75 percent of visitors to Palawan go to Puerto Princesa City as it is home to the world-famous Underground River, a UNESCO World Heritage site, as well as a full “mountain-to-sea” ecosystem, and one of the most important forests in Asia.

“Puerto Princesa enjoys the enviable position as the country’s cruise capital with a growing number of world-renowned luxury ships dropping anchor,” the statement claimed.

Forming part of the Philippines’ last frontier, huge investment opportunities abound to make Puerto Princesa the leading city in renewable energy across the country.

Its rich pool of human resource is complemented by competencies in various academic and technical fields, it said.

The press statement also said that under the USAID’s Strengthening Urban Resilience for Growth with Equity (SURGE) Project, the city government has instituted sound business reforms and a better environment for investments.

It has also strengthened its public-private sector collaboration that is essential for the city to sustain local economic growth and development.

The Puerto Princesa City Business Forum’s goal is clear-cut – provide a smooth runway for investments in the city. It seeks to attract investors who are ready to seize the tremendous opportunities and take part in the city’s ongoing economic expansion.

Slots to the September 25 forum are limited. For further inquiries, contact the Puerto Princesa City Business Forum Secretariat at mobile numbers 0917.8128735 / 0917.8274518, or e-mail

The Puerto Princesa City Business Forum is supported by SM Prime Holdings Inc., Astoria Palawan, Seaoil Foundation, Yamang Bukid Farm, and Stellar Grounds Puerto Princesa.


Puerto Princesa City Investment Opportunities
Sector Form of Investment  Project Name
Agriculture Private Investment Establishment of Cashew Processing Center
Establishment of Cashew Trading Center
Private Investment

(Contract growing, Joint Venture, Partnership)

Establishment of Diversified Cashew Farming System
Private Investment Establishment of Saba BananaProduction
Establishment of a Seaweed  Farm
Establishment of a Seaweed Processing Center
Public and Private Investments Mariculture Park Development
Agri-Based Income Private Investment PPC Cattle Fattening Farm
PPC Quail Breeder Farm and Hatchery Unit
Agri-Fishery Infrastructure Public and Private Investments PPC Integrated Fishport Complex
Agri-Livestock Private Investment PPC Layer Chicken Farming
Education Public and Private Investments PP Teaching Hotel
Health Services Private Investment Indoor Sports Center
Vacation and Holiday Resort for the Elderly
Infrastructure Private Investment Mixed Use Development of Tagburos Real Property
Public and Private Investments PPC Cruise Ship  Tourism Complex (Convention Center, Hotel and Cultural Museum)
PPC Pawikan Convention Center & Hotels
Private Investment and Joint Venture Industrial and Commercial Area Development
Real Estate & Tourism Public and Private Investments Tagbarungis Eco-Beach Park
Tourism Private Investment Sale of Bancao-Bancao Beach Front Property
Private and Public Investments (Joint Venture and Partnerships) San Carlos-Bacungan Mangrove River Cruise
Private Investment Establishment of a Retirement Village
Public and Private Investments PPC Zoo Park Development
Tourism Infrastructure Public-Private Partnership / Joint Venture Agreement  

Acacia Nature Park and Tree Tunnel  Development Project

Public and Private Investments PPC Balayong Park Development
Tourism & Infrastructure Public and Private Investments PPC Environment Estate
Maoyon River Cruise Site  Development and Management
Tourism Services Private Investment Baywalk Development
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