MANILA – Held on February 12 in Bel Air- Makati, the “Philippine Economy 2019: Improving with TRABAHO and Federalism?” has been organized by the Italian Chamber of Commerce in the Philippines Inc. (ICCPI) to bring together different experts for an economic luncheon as industry professionals and stakeholders to engage in important discussions on relevant Philippine updates, such as the Comprehensive Tax Reform Program Package or TRABAHO and the Philippine economic outlook for 2019.
Attending the event as speakers, where experts and policymakers such as Asec. Antonio Lambino II (Assistant Secretary Department of Finance), Amb. Franz Jessen (European Delegation to the Philippines), Mr. Eduardo Francisco (President BDO Capital and Investment Corporation), Mr. Elmer Francisco (Partido Federal ng Pilipinas), Arch. Romolo V. Nati (Chairman and CEO of IDC-Italpinas Development Corporation) and Mr. Raoul Villegas (PwC Philippines).
Arch. Nati, talked about the reasons why both local and international investors should be looking to developing cities for potentially high benefits, provided an insight on long-term green investments, sharing ideas and perspectives on developing in emerging cities specifically in the Philippines, where Italpinas Development Corporation, a publicly listed Italian-Filipino real estate developer, has developed two eco-friendly mixed-use projects, located in Cagayan de Oro, Northern Mindanao, such as Primavera Residences and Primavera City, both awarded by international organizations.
The Company third and latest project, a high-rise mixed-use green building located in Sto. Tomas, Batangas in the Luzon region, called Miramonti Green Residences has been recently awarded as Best Innovation Project of the year by Lamudi-Outlook Property Award 2018. Miramonti Green Residences, which is under construction in the vicinity of an industrial park located just 45 minutes from Manila, is the proof, as Arch. Nati pointed out, that there are interesting developing areas that are not so far from major cities and therefore with high potential for a successful investment.
Also considering the government’s current push on the Build, Build, Build Programme, things are looking up for investors eyeing the possibility of investing and doing business in the Philippines, especially for real estate companies and investments.
“The Philippines have many cities in need of development. These emerging locations represent real opportunities for first-movers that are not afraid to be ahead of the curve”, CEO Arch. Romolo Nati further expressed.