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Cayetano brags: BGC to become top business hub

Aug 16, 2015 @ 4:47

Taguig City Mayor Lani Cayetano is confident that the Bonifacio Global City (BGC) will soon become the country’s premier business center.

Cayetano said more and more businesses and government offices are transferring to BGC, an “undeniable sign” of a growing consensus that investor confidence is at a high in Taguig.

“Ang plano ng mga top business regulator ng bansa na lumipat sa Taguig ay indikasyon ng mataas na kumpiyansa sa BGC na isang fast-rising at high- flying financial center ng bansa,” the Taguig mayor said in a statement.

The Intellectual Property Office and the Philippine Chamber of Commerce and Industries have moved to BGC.

Some national agencies such as the Supreme Court, the Philippine Stock Exchange, the Securities and Exchange Commission and the Insurance Commission have also bared plans to also relocate their offices to BGC, the city government said.

Cayetano said investor confidence is buoyed by the city’s business model of no corruption, lower taxes, better business policies, and no “number coding” for vehicles.

“Dito sa Taguig, madalas tayong nakakukuha ng vote of confidence mula sa iba’t ibang mga negosyo na itinuturing nating mga katuwang sa development. Sila’y aming nirerespeto na kung saan ipinapakita namin na ang kanilang mga buwis ay tunay na napupunta sa mga mamamayan ng Taguig,” Cayetano boasted.

Some of the top businesses that have relocated to Taguig include Coca-Cola Bottlers Philippines, Inc., Coca-Cola Foundation Philippines, Inc. and Eastwest Bank.

The BGC is also home to Smartmatic Philippines, Inc.; Manila Water Co., Inc.; Chinatrust Commercial Bank Corp.; General Electric Philippines, Inc.; Hewlett-Packard AP Ltd.-Phils.; Sony Philippines, Inc.; Sun Life Corp; and the Hong Kong and Shanghai Banking Corp. Limited.

Law firms like Abello Concepcion Regala & Cruz (ACCRA Law) and Villaraza Cruz Marcelo & Angangco (CVC Law) are now located in Taguig.

Schools such as University of the Philippines and De La Salle University will soon open campuses at the BGC, the city government said.

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