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Guam Trade Mission to Manila Attracts Serious Interest

Governor Camacho issues invitations to do business on Guam

July 1, 2009

Governor Felix P. Camacho yesterday attended a conference in Manila as part of the Guam Trade Mission delegation that met with approximately 150 senior executives from several Philippine companies to expand on their initial interest in doing business in Guam. The executives represented companies from the fields of technology, real estate, construction, insurance, financial services, agriculture, aquaculture and medicine. In addition to Governor Camacho, members of the Guam delegation included representatives of the Guam Economic Development Authority (GEDA) and members of the island’s private sector.

“I am excited that these companies are looking to extend their services to our island and we certainly welcome their investment,” said Governor Camacho. “I informed them that my office and GEDA are ready to assist with their entry into the Guam market.”

Philippine companies in attendance included Petron Corporation; Philippine Long Distance Telephone Company;; Land Registration Systems, Inc.; 1 Document Corporation; Stradcom Corporation; Penta Capital Investment Corporation; Saludo, Fernandez, Aquino and Taleon Law Offices; and HP Diagnostic. Additionally, the conference was attended by the Philippine Representative of Asian Development Bank as well as representatives of the Philippine Chamber of Commerce and Chemical Industries of the Philippines.

A number of private businesses are sponsors of the trade mission, including Continental Airlines; International Group, Inc.; Pacific Rim Brokers, Inc.; Land Registration Systems Inc.; Stradcom Corporation; 1 Document Corporation; Century Insurance Co. Ltd.; and the Marianas Business Journal.

“I would like to thank Governor Camacho and GEDA for their participation in this event. While this mission was arranged by a number of individuals in the private sector, the support we have received for the Governor and GEDA is proving invaluable,” said Peter R. Sgro, chairman and executive officer of International Group. “We look forward to the next step in the process as these organizations firm up their plans.”

For more information, please contact Christina “Tina” Garcia, GEDA Deputy Administrator, at (011-63) 905-666-9727 or Peter R. Sgro Jr., private sector group representative at (011-63) 915-235-9095. Additionally, Mr. Sgro can be reached at the Renaissance Hotel on (011-632) 811-6888, Room 1250

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