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Manila generates P92.8B investments

Republika

OVER P92.8 billion worth of investments were generated in the nation’s capital within a period of only one year and six months. This was announced by Manila Mayor Isko Moreno last week.

Moreno expressed gratitude to the private sector, particularly the developers, for showing their renewed confidence in the local government.

“May pandemya pa nyan ha…thank you to the private sector, the developers who are now building developments, thus producing income for the city and jobs for the people and later on, new taxes which we can use for our programs,” Moreno said.


He added: “We are grateful to the private companies for trusting again in the city of Manila. We will not fail you and the trust you’ve bestowed on us. Pagbubutihan pa naming lalo ni Vice Mayor Honey Lacuna,” the mayor said.


Moreno also said that all kinds of businesses are welcome in Manila, assuring that there is now certainty and stability in the city government in terms of policies.


The mayor also noted a report from business permits and licensing office chief Levi Facundo, stating that from January 1 to 20 alone, a total of 538 new businesses registered with the city.


“Thank you… alam ko mahirap magnegosyo ngayon pero nilalakasan nyo ang loob nyo,” he said.


According to Facundo, 3,555 have been processed via the online system of payment put in place by electronic data processing chief Fortune Palileo, www.gomanila.com which can be downloaded through IOS and android.


With the online payment system, Moreno stressed that the one paying need not be exposed to the possibility of getting Covid19, bearing queues and waiting time.


Meanwhile, Facundo said that the 10% discount is no longer applicable for those renewing business permits past January 20, but the penalties and fees will be waived for those who will renew until January 31. ANDI GARCIA

Photo: SAGISAG.PH


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