Home | Money Matters | Oro chambers’ claim not validated, says councilor

Oro chambers’ claim not validated, says councilor

By Nitz Arancon,

Not validated.

This was said by City Councilor George Goking chair of the trade and commerce of this city during a committee meeting held on Wednesday in regards to the Oro Chambers of Commerce and Industry Foundation Inc., claims.

The Oro chamber earlier claimed that this city’s business sector lost as much as P200 million due to the declaration of martial law in Mindanao and the continuing conflict in Marawi city.

However, Goking beg to differ.

Dili validated ang P200 million nga pagka alkansi sa Busines sector sa Cagayan de Oro tungod sa Martial law,” he said.

According to the councilor, Adelfa Sia President of the Misamis Oriental Federation of Chinese Chamger of Commerce and Industry (MOFCCCI) confirmed during the meeting that the Oro Chambers’ claim was not validated and was not true that this city’s business sector’s has lost that significant amount due to President Rodrigo Duterte’s implementation of the martial law last May 23.

Sia also added that the business sector is running normally and well despite the implementation of martial law.

During the said meeting Goking invited business leaders here, including Robert Pizzaro President of the Oro Chamber.

However, Pizzaro was a no show.

It can be recalled, Jerome De La Fuente manager of Luxe Hotel disclosed in May that the said hotel lost P4 million in the first week of martial law.

He contributed the loss of profit to booking cancellation of clients.


About Nitz Arancon

Nitz Arancon
Nitz Arancon started his career in the broadcast media. He worked as a cameraman for a news program of a local TV station, and subsequently became a reporter and later, commentator of the now defunct radio station DxJR.

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