Olongapo SubicBay BatangGapo Newscenter

Saturday, March 28, 2009

Subic businessmen back $120-m tourism project

SUBIC BAY FREEPORT - A group of investors belonging to the influential Subic Bay Freeport Chamber of Commerce has expressed support to the $120-million hotel-casino project of Grand Utopia Inc. of South Korea.

The chamber said in a statement that the project would ultimately increase tourism in the free port central business district and create at least 5,000 jobs.

It will lend itself further to the viable and continued economic success of the free port,” the statement said.

The manifesto of support was signed by chamber president Danny Piano, who is also president and chief executive of Absolute Service Inc., and vice president Romeo Duran of the Sapalo Velez Bundang Law Offices.

Other signatories were chamber treasurer Dante Pollescas of Subic Enerzone Corp.; corporate secretary Rose Baldeo of Global Ship Management Service Inc., directors Tom de Bruin of Grainpro Philippines Inc., Sung Il Cho of Subic Bay Christian Worship Center Inc. and Gerald James Hammond of Subic Drydock Corp.

The chamber issued its endorsement of the hotel-casino project in the wake of a Congressional probe on allegations by architect Felino Palafox Jr. that some 300 trees in the project site would be destroyed if the plan pushed through.

After independently gathering documents and other information on the controversy, the business group said “there could be a reasonable balance between the conservation of nature and commercial and infrastructure development.”

--By Cecille Garcia - Manila Standard Today
link to the full position paper from the Chamber website

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