Iloilo is an outstanding city. It is a high-achieving, progressive urban center; it is also a haven for ecology and cultural identity. Hardworking Ilonggos prioritize health, spirituality and strong social relationships. In both private and public sectors, an inspirational dynamic has been formed; thus, successful joint infrastructure projects between the local government and the private sector are worth lauding.
While the BPO industry allows Iloilo’s younger working population to thrive, there are other business ventures worth exploring: livestock and agriculture prospects are extensive; the tourism industry is booming; and commercial fishing can be just as competitive as southern cities in the Philippines.
With the increase in the purchasing power of young professionals, Iloilo will need a massive housing and development stimulus to ensure that its wealth-generating workforce will consider the real estate industry. Other opportunities abound in leisure and festival organisation, as the annual bike festival and summer regatta are noteworthy sights for both the local community and global visitors.
Deals and Corporate Finance Managing Partner, PwC Philippines
Tel: +63 (2) 459 2060