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Business

Business group: Tacloban in 'complete chaos'

Dennis Carcamo - The Philippine Star
MANILA, Philippines - An official of a prominent businessmen's organization in the country on Wednesday confirmed that there are still looting by organized group of gunmen who have been going around typhoon -ravaged Tacloban City looting several commercial establishments.

Sergio Luiz Ortiz, chairman of the Philippine Chamber of Commerce and Industry, said the "complete chaos" in the area has driven most of the business people out of the city and trooped to Cebu.

"This is just a report from the Chamber officers and Vice President from Cebu...they are afraid because there are organized armed group going around the city...They'd rather be there (Cebu) and suffer some losses than endanger the lives of their families," Ortiz told a media forum in Greenhills, San Juan City.

He added that virtually all business establishments in the city have been closed or abandoned by their owners who have relocated to Cebu.

"There’s hardly any business now...walang customers dun," Ortiz said.

Related stories: Situation under control – Palace | CNN journos on Tacloban ops: Disorganized, no one in charge

Ortiz, however, called on the businessmen and other affluent people to return to Tacloban City as soon as situation on the ground normalizes.

He appealed to the "people of means" to bring back businesses in Tacloban as long as the government can assure their safety and security to do business again in the area.

Quoting a foreign news report, Ortiz said  the extent of damage of the super typhoon Yolanda to Tacloban and other affected areas would be a staggering $15 billion.

He advised other businessmen who have investments in the sugar mills in these typhoon-hit areas to look into venturing into other products.

Despite the devastation brought by Yolanda,  Ortiz said he remains hopeful that there is still something good in the situation.

"There are still bright effects as it happened in earthquakes in Bohol. They thought the tourism industry would die but they have developed the ruins and developed it as a process of recovering," he said.

 

BOHOL

CEBU

ORTIZ

PHILIPPINE CHAMBER OF COMMERCE AND INDUSTRY

SAN JUAN CITY

SERGIO LUIZ ORTIZ

TACLOBAN

TACLOBAN CITY

VICE PRESIDENT

YOLANDA

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