Zampen’s security woe, major concern of investors PDF Print E-mail
Thursday, 18 September 2014 11:39

The security problem sits atop the list of concerns, the reason why potential investors hesitate to pour in their precious capital in Zamboanga Peninsula, business leader Pedro Rufo Soliven said during the Seminar-Workshop for Local Economic and Investment Promotion Officers (LEIPOs) this week.

Soliven, who sits as chair of the Economic Development Committee of the Regional Development Council-9, Regional Governor of the Philippine Chamber of Commerce and Industry-Western Mindanao, and member of the Regional Advisory Council of the Philippine National Police, said despite the abundant resources the region is endowed with, security threats hamper realizing its full potential.

“The one thing that is pulling the region down is the problem on security. Without addressing this, everything that we will be doing is useless. This is the reality in our region”, Soliven emphasized.

He pointed that “for the region to attract more investors, the people must first live in peace without fear of attacks from lawless elements. If this is realized, investors will surely take heed and come in. We don’t even need to invite them because they already know the vast potential of our region”.

Another issue that bothers the private sector, Soliven said, is the soaring and erratic power cost and supply in the region, although power cost is of national problem.

“The frequent power interruptions and inadequate power supply is really taking its toll on us in the private sector, coupled with the high cost of power. Philippines now has the most expensive power cost in Asia. If I were the investor, I would really think twice about investing here”, he said.

Soliven, however, said all is not lost for region 9 with the cooperation of all stakeholders.

“We are all part of the whole. We are all in this together. We need to do everything to improve our region and make it better than when we found this”, he said.