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Banker affirms Catbalogan as a trading hub in Samar province

By NINFA B. QUIRANTE
January 27, 2010

CATBALOGAN CITY  –  The manager of Allied Bank in Catbalogan, Samar’s capital affirmed the pronouncement of Catbalogan Mayor Coefredo ‘Tekwa’ Uy  that Catbalogan is a trading and cyber space hub in the province.

It will be recalled that during the first charter day celebration of Catbalogan, collateral materials drumbeat ‘Catbalogan as the trading and cyber hub’.

Allied Bank Manager Wilfred Abobo told PIA that with the presence of nine banks alone is a proof that business is brisk in this part of Samar.

He added that daily transactions in his bank alone amounts to an average of P10 M a day.

“But we need cooperation from the business sector, if we are united, we can move forward and invite investors to give our business the needed boost ,” the young manager told PIA in an interview.

The manager also added that insurgency has somehow declined significantly, making business here more profitable and more secure.

As Vice President of the newly reorganized Samar Chamber of Commerce Incorporated (SCCI) the manager encourages other businessmen to join the group for a stronger and more solid team that will pave the way to the development of the area.

Dr Stephen Kunz, a German national acknowledges the potential of Samar in the aqua-marine trade, food processing and entrepreneurship.  (PIA-Samar)