EDITORIAL - Business friendly

Once again, Cebu has shown how a province can be a model of growth through sound relationship between a local government unit and the business sector. That the province has been a favorite investment destination is a testament to a vital role that Cebuanos possess as the country continues to grow economically.

Recently, the Philippine Chamber of Commerce and Industry awarded the Cebu provincial government as the most business-friendly LGU in the country for 2012 for its aggressive steps in promoting investments.

Winning under the provincial category, Cebu bested Tarlac, Pangasinan, La Union, Isabela, Ilocos Norte and South Cotabato in claiming the top honor. The six other finalists have also demonstrated outstanding efforts and programs that led to the opening of more business opportunities in these areas.

This is the first time that Cebu has been recognized by the PCCI for its valuable help to the business sector. “This honor belongs to Cebuanos who, through these years, joined hands with the Cebu provincial government in a concerted and united effort to achieve our phenomenal and unprecedented growth,” said Governor Gwendolyn Garcia.

The PCCI also lauded the Cebu provincial government for its robust partnership with the private sector in the area of tourism promotions. This is not surprising because the Capitol has long been a proponent of an economic growth that is anchored on an intensified tourism sector. In fact, its Suroy-Suroy Sugbo has become a nationwide model in the campaign for a strong local tourism development.

The business-friendly award from no less than the country’s biggest business group has opened the window of opportunities for Cebu. Cebuanos can expect more investments ahead as the province is poised to further cement its place as the ultimate investment hub outside Manila.  

While Cebuanos gladly appreciate the recognition, the mission is not yet done. There’s still a mountain of challenges that need to be overcome. Real growth can only be achieved if more measures that clear the way for more investments are put in place.