More revenues from multi-billion peso investment seen

BALANGA CITY, Bataan – City treasurer Joselito Evangelista has predicted more plausible revenues from the expected multi-billion peso investments coming from three of the country’s leading mega shopping malls and commercial property leasing firms.

Evangelista has stressed the economic upswing of the province’s educational and commercial center which resulted from the improvement of road network, corporate incentives for locators, continuous expansion of power generation capacity and other infrastructure facilities orchestrated by Bataan Governor Albert Raymond S. Garcia and City Mayor Francis S. Garcia over the tremendous financial success with the assistance of trade and industry planning specialists.

He has projected the establishment of three shopping mall outlets Robinson, SM and Walter Mart in the heart of the city and the plan to put up a light industry special economic zone in the upland section would enhance the revenue target to 12 per cent growth rate per year.

Evangelista has speculated a persuasive achievement to stir economic activities for job generation, bigger consumer markets for micro-small and medium enterprises and more revenues from the real estate, business taxes and other fees and charges.

Based on the comprehensive socio-economic development plan of Mayor Francis Garcia, its stipulated a wider business perspective of motivating businessmen from Central Luzon and Metro Manila to genuinely participate in the local government strategic objective of developing an inclusive commercial shopping hub in Western Central Luzon area

The reported operations of the three shopping malls would require more than 5,000 professional, skilled and semi-skilled manpower and the expected proliferation of eateries and other facilities would further spark economic growth.

The proposed expansion of commercial centers and light industries in the province would attract real estate developers, public transport operators, restaurants and other small and medium services.