BALANGA CITY, Bataan – Multisectoral entrepreneurs have predicted a healthy and dynamic investment trend in the fastest expanding trade and industry hub among the several component cities listed in Central Luzon, with the expected operation of three shopping malls next year.
Joselito Evangelista, city treasurer of Balanga, explained the projected operation of three mix-use shopping malls would increase the revenues of the bustling commercial and educational center of the Bataan peninsula from P220 million last year to P260 million or an increase of P40 million or 20 percent for the real property and business taxes.
While the newly-opened mega shopping core, Vista Mall complex near the boundary of Pilar town, paid P 40 million for real property tax and business permits.
Evangelista identified the three (3) shopping centers to become top attractions in the sphere of retailing and consumer products as the Robinsons, SM and Walter Mart, all of them located in the heart of Balanga City and strategically accessible to the province’s premier road network.
Likewise, the city treasurer said the opening of the three shopping centers would have multiplier effects to the resilient local economy with wider employment opportunities, encourage more small and medium entrepreneurs to invest in allied industries, stimulate construction boom in housing, apartment-type residential, leisure nature amenities and other kinds of businesses relevant to the latest development.
He also appraised the surging economic scenario is the outcome of the strong systematic fundamentals conceptualized by the late Governor and 2nd district Representative Enrique T. Garcia, Jr.
The logical formulation of effective and efficient socio-economic development scheme was reportedly strengthened further by the two former Balanga City mayors, Governor Albert Raymond S. Garcia and Rep.Jose Enrique S. Garcia lll of the second district of Bataan by initiating more tangible reforms through the initiation of one-stop shop, public and private partnership, good governance, excellent education and health programs, sustainable power, communication infrastructure facilities which are basically important to achieve inclusive growth