Bacolod City, Negros Occidental
October 23, 2022

President Ferdinand R. Marcos Jr. reiterated the vital role of public-private partnership (PPP) in the economic transformation of the Philippines when he visited The Upper East — a township project that started through the cooperation between the Bacolod City Government and Megaworld Corporation — and led the unveiling of its township marker.

“It is a big what we have just done here and it is particularly important to me because if you have been listening to what the plans of government is going to be or has been in the next few years to transform the economy into being able to compete and to succeed in the new global post-pandemic economy, you will have heard many, many times that we have talked about the partnership, the coordination, the synchronization between the public sector and the private sector,” President Marcos Jr. keynoted during his speech.

“So again it has many, many significant connections to Bacolod City and it is a very important site,” said the President, referring to the old Bacolod-Murcia Milling Company, a sugar-processing plant with railways and hauling facilities that used to occupy the 34-hectare land area where The Upper East is built.

“If we continue on this trajectory, I am very confident, malakas ang loob ko na makapagsabi na siguro sa ilang taon, hindi na tayo masyadong maghihintay makikita natin na dadami ang trabaho,” President Marcos Jr. added, citing that the newest township would surely generate quality jobs with various benefits and safety net, especially for Bacolodnons.

The Upper East is Megaworld’s second township development within the City, with the first one being the North Hill Gateway. Situated near the Bacolod City Government Center, The Upper East is designed to host Bacolod’s newest and modern business central district, and is poised to become home of residential condominiums, office towers, mixed use commercial centers, lifestyle malls and recreation parks inspired by New York City’s affluent Upper East Side District.

“And I think dahan-dahan we will begin to see it will lift up the rest of the economy. Ang kasabihan hindi ba ‘pag tumaas ‘yung tubig, lahat nung bangka ay tumataas din. Kaya’t pagka tumaas ang tubig ng buong Pilipinas, lahat tayo, lahat nung mga ating bangka ay tataas din. This is a good start,” President Marcos Jr. ended in his speech.