Ms. Ronadale Zapata
VP NOLI CITES ‘SILENT’ BUT
HELPFUL’ BUSINESS FIRMS
19 October 2005
VICE President Noli ‘Kabayan’ De Castro yesterday lauded
business firms that are ‘working silently’ but has contributed
significantly to the development of the country’s economy.
De Castro in particular cited the Integrated Global Low
Temperature Operation (IGLO) Philippines, Inc that inaugurated its
expansion program in Pasig recently.
In his speech during the inauguration of the firm’s third expansion of
its multiple temperature controlled facilities at the Manggahan Light
Industrial Park in Pasig the other day, De Castro admitted that the
country is facing a lot of challenges, some of which were brought by
external development, such as the increasing prices of oil and the
threat of terrorism.
The Vice President also cited concerns arising from domestic squabbles.
But despite the political noise, De Castro said he is happy that there
are businesses like IGLO
Phils. Inc. that operate in silence and yet
doing its share to help the country rise above its economic woes.
“I thank you for looking beyond the noise and for seeing the true
potential of our country and our people,” De Castro said.
Phils. Inc. is a joint venture between local partners –Horizons
Realty Inc. and Triple Eight Holdings, Inc. owned by the Concepcion
Family—and by Malaysia-based IGLO International Ltd. which offers a
one-stop comprehensive logistics service using state-of-the-art cold
chain facilities for chilled and frozen foods as well as organic
Speaking before business executives led by Jose A. Concepcion III, IGLO
Phils. Chairman and Raymond De Graff, president of IGLO Phils., De
Castro said the firm’s expansion is a manifestation of support for the
future of the country.
As a member of the private sector, De Castro said the firm’s decision
to invest locally has far reaching implications on the rest of the
country, among which are the creation of jobs and employment
opportunities for Filipinos, nourishment of the lifeblood of the
government through the payment of taxes, and creation of a ripple
effect on the economy particularly on related and allied support
De Castro urged IGLO
Phils. Inc. to continue trusting the nation’s
potential and to remain as an engine of the country’s economic growth.
“I hope that IGLO
Philippines will continue to be our partner in the
development of Philippines. Together, let us build a better future for
your businesses and for our people,” he said.
Ref No. VPMEDIA 05-152