MERGED: Mandaue News

[iloveyou4ever]

another update...
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Tuesday, September 05, 2006
Mandaue ‘to stay business-friendly’

Even with the pending transfer of one of Mandaue City’s pioneering business firms, the local government still takes pride in its image as a business-friendly city.

Mayor Thadeo Ouano yesterday said the city’s economy has grown and that many investors still want to do business in Mandaue.

He issued a press statement citing a report from the Regional Development Council, which states that Mandaue City was the fastest growing economy in the region in 2005.

“For those who are planning to leave our city, it’s a mistake,” Ouano said.

In an interview yesterday morning, Ouano said he can’t do anything about it if industrialist Norberto Quisumbing Jr. decides to move out of Mandaue.

“Di ta kapugong niya (We can’t stop him),” he said.

Ouano said the City has been trying to serve the business sector by shortening the process in permit applications.

He reiterated his high regard for Quisumbing, saying the title of adopted son given to the businessman is a manifestation of his respect for the man.

In an interview over the weekend, Quisumbing said his company will be moving outside Mandaue and transfer to its plant in
Compostela because of the “wrong kind of environment.”

He even invited other business establishments “who are scared” to move out and transfer to other towns and cities where the local governments are friendly.

Quisumbing, who poured his investments in Mandaue when its population was only 30,000, is chairman of the Norkis Group of Companies.

Norkis Group has expanded into a network of 29 companies, including Norkis Trading Co. Inc.

For over 40 years, Norkis has been a major contributor to the economy of Mandaue City through the employment of residents and taxes paid to the local government.

Quisumbing said that when Mandaue lowered its taxes and granted tax holidays during the term of mayor Ariston Cortes, many businesses went to Mandaue.

“The leadership listened to business and they always asked us what we think. They were receptive to ideas that would be good for the business community and to Mandaue itself,” Quisumbing said.

full story
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Layas na mo diha sa mandaue city oi!!! Go to Compostela nalang or come to cebu city. We welcome you here in Cebu!!! :mrgreen:

[raddiboy]

I dont know where I read it.. but I think Teddy Ouano is one of the richest mayor diri sa Cebu..
cant confirm where it is, I know I did read it..
naa daw ni cya Ouano wharf and Jollibees..

[lestat1116]

I dont know where I read it.. but I think Teddy Ouano is one of the richest mayor diri sa Cebu..
cant confirm where it is, I know I did read it..
naa daw ni cya Ouano wharf and Jollibees..

old story na ni.. since pidong pa ang mayor richest na sila.

[raddiboy]

old story na ni.. since pidong pa ang mayor richest na sila.

I agree this is an old story..Just for the sake of readers here who dont know a hint about Mandaue.. anyway..I found a link from Sunstar May9, 2006

Ouano richest mayor in Cebu, papers show


AMONG city mayors in Cebu, Mandaue’s Teddy Ouano has the fattest wallet.

Ouano also has the most number of close relatives working in government.

According to his statement of assets and liabilities and net worth (SALN) for 2005 submitted to the Office of the Ombudsman-Visayas, the mayor is worth P46,723,489 million.

His wealth comes from 10 separate parcels of land and properties in the city that he, like his father before him, administers. He also derives income from three other companies he founded.

Now on his last term, Ouano is even richer than all the city mayors of Cebu combined. Last year, Ouano declared a net worth of P45,915,908 for 2004. It was P7 million less than his value in 2003.

He is 10 times richer than Cebu City Mayor Tomas Osmeña, whose declared net worth for 2005 is only P4.45 million, and almost five times as rich as Danao City Mayor Ramon Durano III with a P9.5 million net worth.

heres the link..
http://www.sunstar.com.ph/static/ceb...pers.show.html

[Kikkoman]

Teddy paid a PR man for P2 million to handle his affairs after the Shabu Lab controversy. I haven't noticed anything new happening. Lucky guy. P2M?!

[lestat1116]

grabe jud ni c teddy bear. unsa iya mga company? and asa man mga lands niya?

[edgeknife]

norkis, ari nalang mo sa cebu city kay mas maayu pa ang mayor ngari compared ni ouano, unya tommy is always the lesser evil compared to teddy boy.

[M@rv|n]

kaluoy sa mga taga mandaue oi c teddy ra ang na dato

[iloveyou4ever]

kaluoy sa mga taga mandaue oi c teddy ra ang na dato

Baga ug nawon japon. Tan awa ang bridge sa mandaue, gi construct napud. Budget is over 3 million. Grabe.

[iloveyou4ever]

I agree this is an old story..Just for the sake of readers here who dont know a hint about Mandaue.. anyway..I found a link from Sunstar May9, 2006

Ouano richest mayor in Cebu, papers show


AMONG city mayors in Cebu, Mandaue’s Teddy Ouano has the fattest wallet.

Ouano also has the most number of close relatives working in government.

According to his statement of assets and liabilities and net worth (SALN) for 2005 submitted to the Office of the Ombudsman-Visayas, the mayor is worth P46,723,489 million.

His wealth comes from 10 separate parcels of land and properties in the city that he, like his father before him, administers. He also derives income from three other companies he founded.

Now on his last term, Ouano is even richer than all the city mayors of Cebu combined. Last year, Ouano declared a net worth of P45,915,908 for 2004. It was P7 million less than his value in 2003.

He is 10 times richer than Cebu City Mayor Tomas Osmeña, whose declared net worth for 2005 is only P4.45 million, and almost five times as rich as Danao City Mayor Ramon Durano III with a P9.5 million net worth.

heres the link..
http://www.sunstar.com.ph/static/ceb...pers.show.html

Mas datu siguro bai si Durano. Try to figure out bai.