AS PART of its commitment to providing clients with valuable insights for everyday business and investment decisions, Security Bank hosted the third leg of its business forum in Davao City with SyCip Gorres Velayo & Co.
Themed “Unlocking Opportunities for Growth and Investment,” the seminar delved into Mindanao’s socio-economic development, sector-specific investment opportunities, and wealth management and succession planning.
Remarks were given by Romeo M. Montenegro, assistant secretary of the Mindanao Development Authority, who presented a comprehensive overview of MinDa’s projects and spoke about how to advance the region’s development.
“We always look forward to being part of the conversation, because it is always our role to share the stories of transformation that we are now seeing,” Montenegro said. “We want at the LGU level—even at the barangay level—to be able to understand that we collectively share our agenda for Mindanao, not just in terms of peace, but also in terms of accelerated and sustained development.”
DTI XI regional director Romeo L. Castañaga outlined how the region’s infrastructure, resiliency, economic dynamism, and innovation make it optimal for doing business. “Davao is home to industries ripe for expansion and innovation, agriculture, manufacturing, and tourism. Davao is one of the fastest-growing economies in the country, which grew by 6.7% in 2023.” He also noted that the region encompasses approximately 24 kilometers of special economic zones dedicated to industrial development.
Atty. Jules R. Riego, SGV tax principal, and Atty. Thyrza F. Marbes, tax partner, discussed a topic closer to home: family constitution. The segment highlighted how clients can hand down the family business or the family wealth to future generations.
According to Riego, “A family constitution details the core values—the family vision, mission, and purpose, and defines the governance structure of the family business, its competition, its roles, the rights and responsibilities of family members in a family business context.”
He adds “A well-developed family constitution can actually help strengthen and provide stability to the family legacy.”
Security Bank regularly hosts events and forums as an extension of its BetterBanking brand promise.
Sanjiv Vohra, president and CEO of Security Bank said, “We hold these forums as part of our commitment to provide our clients with valuable insights for everyday business and investment decisions.”
“This forum embodies our BetterBanking mission to enrich lives, empower businesses, and build communities sustainably. It also leverages our partnership with organizations and industry leaders, such as the DTI, MinDA, and SGV, to facilitate discussions on actionable strategies in today’s rapidly evolving economic landscape,” he added.
Previous seminars have included guest speakers from the Bangko Sentral ng Pilipinas (BSP), the Department of Economic Research, independent research organizations, economic think tanks, and other industry organizations and leaders.
The forum was held at the Acacia Hotel Davao on Oct. 2, 2024, and coincided with the grand opening of the Bank’s 330th branch located at Rizal corner Mabini Street, Mati City, Davao Oriental.
