News Update A P660-million modern medical

LOILO CITY, Iloilo, Philippines (PNA) - A P660-million modern medical center will soon rise at the Buhang-Balantang area in Jaro district here to serve the health needs of people in the northern part of the city and province of Iloilo, including province's central part. Iloilo City Mayor Jed Patrick Mabilog after meeting with representatives of an investment conglomerate based in Oregon, USA said Sueng Ho Park, managing director of Oregon's Park Medical Center, with an Asian office in Seoul in South Korea, and Floyd E. Holcom, principal and senior project director of the IBIS Group, LLC, based in Oregon, USA visited his office to concretize plans for a medical center with a funding of over $15 million or about P660 million. Holcom, the investment consultant of the group, said a feasibility study was presented to the city and some local businessmen, including members of the Iloilo City Trade and Promotions Board (TIPB) last Monday. Present during the feasibility study presentation were the city mayor, TIPB Chairman Felix Tiu, Filipino Chinese Chamber of Commerce of Iloilo Chairman Dr. Roland Uy, among others. Mabilog said the groundbreaking of the hospital project is slated on April or May, 2011 this year at an over one-hectare lot at said Buhang- Balantang area in Jaro.