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Thai companies to study investments in Baguio

BAGUIO CITY December 26 – Mayor Mauricio G. Domogan confirmed that officials of some Thailand-based companies will be visiting the city next year to study the possibility of putting up their operations in the Loakan-based Philippine Economic Zone Authority (PEZA) within the Baguio-La Trinidad-Itogon-Sablan-Tuba-Tublay (BLISTT) area that will boost the influx of foreign investors to the said places.

The local chief executive revealed that Thailand Ambassador to the Philippines Tanathip Upraising told him during their recent meeting that officials of some Thailand-based companies have signified their willingness to visit the city anytime next year to assess the prevailing business environment and for them to consider putting up their future operations in the city or within the BLISTT area.

"We consider the meeting with the Thai ambassador as fruitful because he committed that there will be officials of some Thailand-based companies who will be visiting our city anytime next year to study the possibility of establishing their operations either in the city or in suitable places within the BLISTT to help in generating jobs for our constituents and improving the economic activities and sources of livelihood of the people in the said places in the future," Domogan stressed.

He explained that the planned expansion of operation of Thailand-based companies in the city will definitely be a huge economic driver not only for the local economy but also for the country's foreign direct investments considering the need to sustain the influx of investors that will contribute in uplifting the economic activities outside the National Capital Region (NCR).

However, the mayor did not divulge what are the companies that intend to invest in the city although he added that there is an open line of communication between him and the Thai ambassador for them to discuss the matter in the future once the officials of the companies have made a decision to come to the city by early next year.

According to him, the partnership of the local government and the Thai embassy was enhanced by the Philippines-Thailand Cultural Organization (PTCO) headed by Minda Pama, wife of former University of the Cordilleras (UC) president Ricardo Pama wherein the group was instrumental in bringing to the city the Thailand embassy officials and a 51-member Thai delegation who spent several days going around the country's Summer Capital.

He claimed the visiting Thai officials and the members of the delegation were impressed on the city's unique weather condition and the hospitality that was accorded them by the city officials and their hosts during their stay which convinced them to keep coming back to the city in the future either for a business trip or spend a vacation.

Domogan expressed optimism that the visit of the officials of Thailand-based companies to the city next year will be successful so that the Philippines-Thailand relationship will be further strengthened aside from the enhancement of socio-cultural and economic ties among the cities of both countries that will be gained towards the realization of the establishment of the Association of Southeast Asian Nations (SEAN) Economic Community.

By Dexter A. See

 
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ADVISORY

STATE OF THE CITY ADDRESS 2017

STATEMENT IN REPLY TO THE PUBLISHED OPEN LETTER OF BCDA PRESIDENT and CEO ARNEL PACIANO D. CASANOVA

STATE OF THE CITY ADDRESS
2014

Speech Delivered by Mayor Mauricio G. Domogan during the Cordillera Month Closing Ceremony
July 26 SLU-BC

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