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PIA Press Release

Gaisano, other investors keen on locating in Maasin City

By Bong Pedalino

Maasin City (June 24) -- All times, according to a Chinese proverb, are times of crisis.

Perhaps this was the reason why, in spite of widespread talk on financial crisis gripping economies global and national in scope, a number of commercial building construction is visible here, obviously upbeat despite claims of perennial bad times.

And the local government unit here is up for the challenge.

During the bi-weekly radio program yesterday dubbed "Maasin City in Action", City Mayor Maloney Samaco disclosed that aside from the Gaisano chain of superstores, other investors were equally excited to have their presence felt here.

At least two Mall-oriented business enterprises from Manila have expressed their intention to open shop in the city, Samaco said, naming one of them as City Square and another unidentified prospective locator.

In a brief chat at his office today, Samaco told PIA that even a local grocery owner from Sogod town informed him of her willingness to invest in the city.

The city LGU has been in the thick of preparation to build a dry goods market at the integrated terminal building, at the other side parallel with the newly opened wet market.

In fact, when President Gloria Macapagal-Arroyo shall visit the city on July 2 (no longer July 1) she will lead in the groundbreaking ceremony for the soon-to-be-constructed dry market, a 36 X 36 square meter structure that will add glitter to the city's already expanding business landscape.

It has been an open secret that the new structure would house the Gaisano, but Mayor Samaco said negotiations are still ongoing, and as this developed other investors are also willing to take the place of Gaisano if they will not push through.

Samaco stressed the need for the city to have an advantage of the proposed business deal, in which the city will shoulder construction costs, and locators pay monthly rentals.

He said there's no need to rush this development undertaking, adding that the city can wait for the proper time -- until after the elections, if necessary -- to dispel notions of politicking. (PIA-Southern Leyte) [top]

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