Isko reaches out to tycoons in bid to revive Escolta as Manila’s top business district

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Manila Mayor Francisco Isko Moreno Domagoso said that he has encouraged some of the country's tycoons to invest in the old business district of Escolta.

Manila Mayor Francisco Isko Moreno Domagoso said that he has encouraged some of the country’s tycoons to invest in the old business district of Escolta.Domagoso said that he had dinner Saturday with SM Investments Corp’s vice chairman Teresita Sy-Coson, Ayala Corp chairman and CEO Jaime Augusto Zobel de Ayala and Alliance Global CEO Kevin Tan to convey his plans to reinvigorate the grandeur of old Manila.

“I’m grateful kasi ang hiningi ko sa kanila bumalik, mag invest sa Manila … that I requested them to focus their vision to a particular geography which is Escolta and told them that in the earlier times Escolta is the business center in the country,” Domagoso said.“‘Yan ang aking personal request, kung magtatayo ng branch, kung magtatayo ng franchise, magtatayo ng development, ang pakiusap ko at the very least, 70 percent ng i-hire nilang empleyado ay taga lungsod ng Maynila,” he said.

” I was asked why, because what I believe personally, this is one way of reducing criminality in the city of Manila,” he added.

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One concern lang about reviving 'The Escolta' are the old structures/buildings. medyo dilapidated na talaga. Macheck muna siguro ng proper govt agencies ang tibay pa nito. Hello, Mr. Palafox! How are you?

Napakaganda nyan kung matutuloy. Bigla ko lang naalala ibang sikat na establishments dun nuon tulad ng: Syvel's, Villar Records, Sunburst Chicken, uhmmmm... maybe, guys, you can help me refresh some memories about Escolta nun. PLEEEEEEEASE!!! name some...

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