Business climate brightens in Manila as Mayor Isko gains investor praise
Manila Mayor Isko Moreno with the officials of NXT Mile Motors and Suzuki Philippines (Photo courtesy of the Manila PIO)
A top executive of a local car dealership has credited reforms under Manila Mayor Francisco “Isko Moreno" Domagoso for helping restore investor confidence in the city.
Paul Tionson, executive of NXT Mile Motors, Inc., made remarks during the opening of the company’s first Suzuki Auto dealership in Metro Manila, located on Otis Street in Manila.
“It really gives us, investors, confidence in the steps taken by the City Government under your new administration: to cut the red tape, to promote ease of doing business, and to foster an environment that is transparent and conducive to business,” Tionson said during the launch event on Thursday.
He also also referred to the mayor’s report on his first 100 days in office, which was presented to the City Development Council earlier this month.
“As investors, that’s all we can ask for. Nakakataas po ng kumpiyansa (It boosts our confidence),” he said, adding that the new dealership is a sign of renewed trust in Manila's local government.
The Otis branch is NXT Mile Motors’ first dealership in Metro Manila. Tionson said the decision to locate in Manila reflects a belief that the city is now more business-friendly.
“Mas mataas ang level of confidence natin that the business will succeed, and we can be part of the progress that you and your administration are striving for (We have greater confidence that the business will succeed and be part of the city’s progress),” he added.
Mayor Domagoso welcomed the investment, saying it reflects growing trust in the city’s direction.
“I’m happy and excited that businesses are coming back to the City of Manila,” he said. He added jokingly, “I wish that you would have more taxes to pay, dahil ang wish ko, maraming sales (because that would mean strong sales).”
The mayor pointed to changes implemented under his administration, including a reduction in business permit and zoning requirements.
According to the city government, the number of requirements was cut from 22 to 7, and the exemption categories were trimmed from 15 to 5.
“Sometimes, the rules are outdated,” Domagoso said. “I’m happy that we’re sending a message to the business community to trust again the City of Manila.”
He also linked job creation to public safety, saying that stable livelihoods reduce the likelihood of crime.
“Kapag ang tao ay may trabaho at may hanapbuhay, there is a low probability na makapamerwisyo siya ng kapwa tao (When people have jobs and livelihoods, it’s less likely they will harm others),” the mayor said.
“Mas maraming hanapbuhay, mas payapa ang pamayanan (More jobs lead to a more peaceful community). That is the goal, the hard way of keeping the peace and order situation,” he added.