The Mindanao Examiner Regional Newspaper
Cebu biz group worries over high cost of power
CEBU CITY – The business community in Cebu have expressed concerns over the soaring cost of power and availability of its supply which may hamper growth and development not only in the province but the region as well.
Charles Kenneth Co, president of the Cebu Chamber of Commerce and Industry (CCCI), said the concern on electricity is one of the five key issues that they want to work out with the national government. He said the issues should be addressed by government agencies.
“Cebu and Central Visayas still have a lot of opportunities for foreign investments to engage in.
It is crucial for the national government to come in in terms of lowering the cost of fuel and power,” he said.
Co also raised the issues on the national government funding for local and various infrastructure projects, water and mass transit, e-visa/visa-free for the tourism sector, and the Metro Cebu Expressway connecting Naga and Danao cities.
Just recently, the CCCI
took a proactive step towards fostering a business-friendly environment by organizing an insightful seminar on the essential aspects of the Business One Stop Shop (BOSS) and its electronic counterpart, e-boss as a strategy to equip businesses with the necessary knowledge for business permits renewals.
It said the collaboration between government agencies and the private sector is pivotal in creating a conducive business climate as they work hand in hand to streamline business processes.
The CCCI said it is optimistic that this synergy will contribute to a thriving business hub in Cebu, making it a focal point for growth and innovation in the country. Looking ahead, the CCCI said it has set sights on a series of seminars which will empower businesses with the knowledge and tools needed to navigate an ever-evolving business landscape. (Cebu Examiner)