Megaworld has invested a total of P45 billion in Bacolod City, said Chief Executive Officer of Alliance Global Group and Megaworld Chief Strategy Officer Kevin Tan.
In his speech during the visit of President Ferdinand “Bongbong” Marcos Jr. to grace the Masskara highlight and to inaugurate the Megaworld Upper East project in Bacolod City, he said P38 billion of the total investment is allocated for the Upper East development.
Tan revealed that the area, which is located at the former site of Bacolod-Murcia Milling Company (BMMC), will soon have a Lifestyle Mall and the first Landers Superstore in Western Visayas.
“We are very excited to share with all of you that our Megaworld Hotels and Resorts-the Philippines’ largest owner and operator of 100% Filipino home-grown hotel brands- will soon expand their footprint here in Bacolod, ” he added.
The Upper East will house various commercial and residential modern structures and “will host Bacolod’s newest and most modern central business district,” its website said.
Tan noted that several investors have already reached out to the company and discussed plans about expanding in the Philippines with Bacolod City high on the list.
Tan thanked the president for his administration’s support to the business community and the BPO sector.
He revealed that investors’ confidence is currently at an all-time high and is
committed to strengthening ties with the Bacolod City government led by Mayor Albee Benitez.
“This is our way of contributing to the great strides that both the national and the local government have made in this wonderful city,” he said.AAL/Lljr/PIA 6 Negros Occidental
