News & Updates

Governor Guico sets up investment promotion office

LINGAYEN, PANGASINAN — Gov. Ramon “Mon-mon” Guico III has set up a provincial government investment promotion office, which is primarily tasked to invite more investors to the province.

“The reason why we first set up our PEDIPO headed by Atty. Raymund Bautista is to encourage many more investors to put their money in the province,” said Governor Guico.

PEDIPO is the Provincial Economic Development and Investment Promotion Office, which was created through a Sangguniang Panlalawigan ordinance last year.

Among its tasks is to facilitate and coordinate the province’s economic development and investment promotion advocacies to generate local and foreign investments in the province.

“We would like to organize through that office an investment summit. We just have to move it back a little, maybe on the 3rd or 4th quarter of the year because we have to account all the possible investment opportunities in the province,” said Governor Guico.

On May 3, a joint development agreement was signed by three companies at the Urduja House here for the establishment of solar power plants in the towns of Dasol and Infanta in western Pangasinan.

“I am happy to tell you that this will be the first major investment under the administration of Governor Guico. And I assure you, there will be more,” said former Bayambang Mayor and businessman Cezar Quiambao.

The solar farms will be built by CSFirst Green Agri-Industrial Development Inc., URIT Limited Philippines Corp., and China Energy International Group Company.

Last May 2, the San Miguel Holdings Corporation submitted an unsolicited proposal to the provincial goverment for the construction of the Pangasinan East-West Expressway.

Governor Guico said that one of the biggest business process outsourcing (BPO) firms in the country had expressed serious interest in establishing more of their business in the province.

“They wanted to meet me again but we have to talk with the business sector in the province because we have conduct an inventory of the available real estate, leasable spaces, buildings, that they are looking for” said Governor Guico.

“So, there are so many things to be done. But the direction of the province is that we want to invite more investors here in Pangasinan. And this venture, this partnership of CSFirst Green, URIT Philippines, and China Energy, yes, I’m sure, is the start a trend of investments pouring in to Pangasinan,” the governor added.

(PangasinanPIO)

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