All about PACMAN and POLITICS

[jb_4th]

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MANILA, Philippines - A company owned by Filipino boxing champion Manny Pacquiao will develop a 400-hectare property in General Santos City and transform it into a special economic zone.

The company, which will invest some P1.217 billion for the project, will also seek tax incentives from government, the Philippine Economic Zone Authority (PEZA) said.

The project is up for approval next month, PEZA director-general Lilia de Lima said.

If approved, the project will enjoy fiscal incentives, possibly allowing it to enjoy tax breaks anywhere from five to 15 years.

Located at Balsinang, Olympog in General Santos, Pacquiao’s hometown, the property is registered under Manny Pacquiao Heights Development Corp. (MPHDC).

The project’s first 200 hectares will be developed into different types of economic zones as part of its overall aim of becoming a well-planned community.

Seventy hectares will be allotted for tourism, 65 for information technology, 40 for retirement, and 30 for medical tourism, de Lima said.

The Pacquiao-owned company is currently in discussion with two foreign firms, both of which have expressed interest in developing world-class medical tourism facilities, de Lima added.

These two firms include the New York-based Bio City Development Co., which specializes in the development of the international cancer centers in Dubai, Europe, Vietnam, Hong Kong, and New York.

The proposed ecozone may also allow the establishment of a Medical University, which plans to offer high-end facilities for patients, visitors, and companions.

The facility will also include an international Medical Convention Center, an outdoor sports and recreation park, and retail and commercial strips.

MPHDC is also expected to spend P1.193 billion to develop the land area with the remaining P24.3 million used to pay for the land’s acquisition.

Some P730.439 million will be sourced from the company’s internally-generated income while remaining costs – amounting to P500 million – may come from bank loans.

MPHDC is currently processing its registration with the Securities and Exchange Commission (SEC). Incorporators include Pacquiao, Jinkee J. Paquiao, Rogelio D. Paquiao, Edilberto L. Jamora, Helen DC Nocom, and Yan V. Amante.



This is good news for the Mindanao base workers & graduates since MP is considering his ambitious plans to pursue big projects perhaps 2-3 years from now..

[vp-rakista]

with pacman's latest plan on big-time investment in gensan, maybe he should back-out from his political ambitions so he could focus on his business and his boxing carrier.. kani lang duha tingale ang maayo para niya... politics is dirty basin ma yari pa hinoon siya diha... second, pacman is not the sure answer towards our progress and the nation in general, it's rather our individual discipline, commitment and drive to achieve progress..

[dmcebu]

yup, you are right haha I just realize what I wrote. Pwede daghan satsat pero wala substance lol

SENATE UG CONGRESSMEN PAREH
O tanan lumba ug dala sa dirty laundry nila sa National Telivisions, walay mahimo polos gubot diri gubot didto unya walay mahuman nga gubot mo abut sa hilom, WHY? Gusto ug media mileage ang mga kagwang.

[shimiyu]

While I'm highly optimistic with Manny in the ring, I'm quite skeptical of his chances in the office. The ring and the office are just two different worlds. However I don't pass him off as being boneheaded about politics; who knows? He could probably pull it off. Just not the Malacañang or Congress please....

I don't know if it's the Bobfather's (Bob Arum) tongue-in-cheek humor or if he's for real... I just smirk at his claims that Pacquiao might be RP's president in the future. Bob, you're a handful. hehe.

[ml39]

but he can't even speak english properly...

[Raikage1]

dili ko agree dagan si packiaw...madaut imong record bai!

[hunt99]

am about aning mani ok raman siya bo-utan pero mas nindot na di na lang siyam o dagan ky wa baya siyay alam kaayo sa politics basin magka problema siya

[monochromatic]

you know who am i referring to.

will you vote for manny pacquiao? why or why not?

FOR ME? NO! its because he's not deserving to be a politician although muhatag cya sa mga tao everytime mo daug cya. but murag gi gal-gal man lang gud na cya nila chavit to be in politics, if he wants to help people, being in the politics is not the only way, daghan pa ug paagi nga makatabang cya sa mga tao dba? let's say makadaug cya, d na cya mkahimu ug iyang desisyon kay i think he's not knowledgeable enough about politics.

its my own opinion ra hap? hehe..

you heard mine. i want to hear yours.

will you vote for him?

[matits]

i might.... if its a small town lang

[mlhl@7]

Congress is not a place for manny pacquiao to help people.. He is running for a legislator, basi sa iyang plataporma it is more on the executive branch.. anyway most of the legislator do these..
kaboang ra gyud sa mga pinoy politician..
If manny won, kana iya pork barrel sakto rana ipang bayad sa iyang staff.. just like lito lapid.. pinaka daghan ug staff sa senate.. hasta interpreter naa.. kaboang lang gyud sa mga ni boto..