1st Iloilo City Business Summit


Congressman Jerry P. Treñas

My warm greetings to the participants of the 1st Iloilo City Business Summit. I wish to thank the organizers, especially the Iloilo City Trade and Promotions Board and the Iloilo City Trade and Investments Promotions Foundation, Inc. for hosting this event. I also wish to express my gratitude to all of the guest speakers for sharing with the participants their valued insights on how to succeed in business while taking to account the global dynamics of the 21st Century market place.

This Business Summit also gave us a chance to present to you the City of Iloilo as an excellent hub for businesses in the Western Visayas Region. Through the efforts of the local city government, led by our Mayor Jed Patrick Mabilog, in partnership with private sector groups such as the Iloilo Business Club and the Iloilo Economic Development Foundation, you can be rest assured that we are fully committed to make Iloilo City the prime location for businesses south of Luzon.

There are a plethora of reasons why to set-up shop and invest in our city. Aside from having a local government that is fully supportive of small, medium and large-scale businesses, Iloilo City already has a well-developed infrastructure that could easily accommodate the needs of any enterprise. Iloilo City boasts of a good network of roads, accessible public transport, an international airport, a city port, and access to a highly-skilled workforce. Moreover, Iloilo City is the regional center of education, trade and government of the Western Visayas region.

The Iloilo City Business Summit is also meant to bolster the capacity of our businessmen and entrepreneurs to compete in the global market considering the current context and business climate of international trade. I am sure that you have learned a lot about small and medium scale enterprise financing, how to revitalize struggling businesses, using education to promote entrepreneurship and other globalization concerns from our distinguished resource speakers.

Information is ammunition in today’s global commerce. With the internet and satellite technology bridging the gap between oceans, allowing real-time business transactions to be completed from any isolated village in the Philippines, it is imperative that we be kept abreast of the latest developments brought about by globalization. The rise of the global village has drastically changed the way we do business. Today, we are faced with business concepts that would have seem impossible decades ago, such as business process outsourcing and the creation of common markets like the European Union. If our entrepreneurs cannot keep up with the trends that have liberalized the global market, our local businessmen will lose their competitive edge against aggressive competitors.

We can no longer say that we are can be protected by the ocean and seas surrounding our archipelago. Globalization has made our borders porous and trade less restrictive. However, this also presents a golden opportunity for us to broaden our markets and offer our strong and highly skilled work force to foreign employers. With a keen grasp of how to do business in the 21st Century, there is no reason why our businesses cannot succeed. That is why I applaud the organizers of this summit, for we need to educate ourselves through conventions such as this in order to comprehend the ever-changing economic landscape of 21st Century trade.

May you all prosper in your respective business endeavors. Thank you very much for attending the Iloilo Business Summit and enjoy your stay in Iloilo City.