By Nestor P. Burgos Jr.
Inquirer Visayas Bureau

ILOILO CITY–Megaworld Corp. will pour an initial investment of P1.5 billion into its newly acquired 54-hectare property, where the old Iloilo airport used to stand.

Megaworld, which acquired the property in Mandurriao District for P1.2 billion, plans to build a business park here.

“This is our first major investment outside of Manila,” said Kingson Sian of Megaworld Corp. during Friday’s turnover ceremony at the Sarabia Manor Hotel and Convention Center. “This shows how much we are bullish and committed to Iloilo.”

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