Security Bank Corp. (SBC) recently conducted its fifth economic forum in Cagayan de Oro (CDO) city this year, as part of its roadshow to reach tiger economies in the Philippines.
The last forum for 2019 provided a macroeconomic outlook and took a closer look at key trends and developments in the Philippine business community.
“We carefully selected the venues of these nationwide forums. The venues are prime growth areas in the country. We began the National Economic Forum Roadshow in Luzon, in Clark, Quezon City and Makati, followed by the Visayas in Iloilo and culminating in Mindanao,” said Sanjiv Vohra. Security Bank president and chief executive officer.
Held in the gateway of Northern Mindanao, the forum also tackled main drivers for sustainable and inclusive development in the region, as well as current and prospects, opportunities and challenges in CDO and Mindanao.
Jhon Louie Sabal, faculty member of the Department of Economics at Xavier University, spoke about unlocking CDO’s potential. Romeo Montenegro, deputy executive director of Mindanao Development Authority, discussed the policy challenges in Mindanao amidst the economic landscape. Robert Dan Roces, assistant vice president and chief economist of Security Bank, provided an economic overview of Mindanao in relation to the Philippines, Asean and the rest of the world.
Vohra highlighted the economic opportunities the area offers: “CDO has continued to impress with the city’s ability to support city’s ability to support transportation infrastructures (land, sea and air facilities),economic zones, and other economic support structures. Security Bank is here to support the continued progress of Mindanao’s second largest city through our 4 branches in CDO out of 30 in Mindanao.”