RECOGNIZED. The city government recognizes Panay Energy Development Corporation (PEDC) as the top taxpayer for business and real property tax under the corporation category in a ceremony held at the Grand Xing Hotel as part of the activities in line with the 86th Charter Day celebration of Iloilo City on Friday (Aug. 25, 2023). Philippine Foremost Milling Corporation chair Dr. Alfonso Uy, speaking on behalf of the awardees, emphasized the significance of business and investment to the growth of the city. (PNA photo by PGLena)
Cesafinews | 86th Charter Day celebrations in Iloilo City honor 40 outstanding taxpayers | ILOILO CITY – The business community in this area, which is devoted to doing its role in accelerating the growth of Iloilo City, has gained the local government’s unwavering support.
Dr. Alfonso Uy, the chairman of Philippine Foremost Milling Corporation, underlined the importance of business and investment to the development of the city in his speech on behalf of the 40 top taxpayers who were honored by the local government on Friday in commemoration of Iloilo City’s 86th Charter Day.
We are grateful that the municipal government has acknowledged this effort and supported business. We appreciate the support of everyone in our endeavor. During the recognition of the top individual and corporate taxpayers in real estate and business, which was held at the Grand Xing Hotel in this city, he said, “We are happy to do our part, we are happy to do our share, and we will continue to do our part.”
He recalled that the city had issues with water and electricity 15 years prior, two necessities for fostering economic growth.
However, he said, a public-private collaboration assisted in identifying and proposing solutions, leading to enormous investments in electricity generation that not only fixed the supply issue but also generated enormous tax revenues.
Mayor Jerry P. Treas stated in his message that the existence of four off-site payment centers in SM City, Atrium, Festive Walk, and Mary Mart Mall has made it simpler for businesses to pay their taxes.
We are redefining governance and how we can better serve our people because of what you have been doing to assist the Iloilo City government, he said.
The Panay Energy Development Corporation (PEDC), which pays real property tax (RPT) for corporations, is at the top of the list of high taxpayers.
SM Prime Holdings, Inc., Megaworld Corporation, Panay Power Corporation, HEVA Management Development Corporation, Philippine Foremost Milling Corporation, Robinsons Land Corporation, MORE Electric and Power Corporation, Avon River Power Holdings Corporation, and TTK Realty and Development Corporation were also recipients of the RPT award in the category of corporations.
Spouses (Sps.) Romeo Go and Jill Go, Theodore M. Valderrama and Eufemia Wilmett Wuthrich Valderrama, Lynn S. Kho and James Kho, Marcelino M. Florete, Jr. and Susan C. Florete, Vicky Yu Yap and Sps. Winston Vincent Yu Yap and Genivie Servidad Yap, Wu Bing Huai, Sps. Emilio S. Diez and Gina S.
More Electric and Power Corporation, SYL Hermanos Industrial Sales, Inc., Samsung Electronics Philippines Corporation, Vic Imperial Appliance Corporation, Mandurriao Star, Inc., ACM Landholdings, Inc., Philippine Foremost Milling Corporation, Panay Power Corporation, and La Filipina Uy Gongco Corporation were also recognized as winners in the business tax corporation category.
Gilbert F. Falcis, Denate Martin Crisostomo Que, Theodore M. Valderrama, Noemi Borgonia Gevero, Ronnie P. Primaylon, George O. Que, Manuel L. Kho, Alvin Hilario De Guzman Uy, Paul O. Que, and Nancy C. Penit were the top individual business taxpayers (single proprietorship).(via PNA)
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