Iloilo Province Honors Top 20 Real Property Taxpayers for 2024

The Province of Iloilo honored 20 businesses for their significant contributions to local development through real property tax payments. These taxpayers collectively bolstered Iloilo’s revenue, enabling investments in infrastructure, healthcare, education, and other public services. This year’s list reveals a dynamic and diversified economy, with key players across various sectors.

Energy Sector:

Palm Concepcion Power Corp. (Concepcion): ₱34,868,922.42 – A major player in the energy sector, Palm Concepcion Power Corp. is a significant contributor to Iloilo’s power supply, ensuring reliable electricity for homes and businesses. Their substantial tax contribution reflects their considerable investment and operational scale within the province.
SPC Island Power Corporation (Dingle): ₱6,168,735.52 – SPC Island Power Corporation provides power to the Province of Iloilo. It also serves the area around Panay. It contributes to the region’s economic development and supports local businesses.

Real Estate and Construction:

8990 Housing Development Corporation (Pavia, Sta. Barbara, San Miguel): ₱32,447,737.47 – 8990 Housing Development Corporation is a leading real estate developer. It is renowned for its significant contributions to Iloilo’s housing market. It provides homes for residents. The company boosts the local economy through construction and related activities.
3M Iloilo Properties and Dev. Corp. (Sta. Barbara, Leganes): ₱6,377,215.02 – 3M Iloilo Properties and Dev. Corp. plays a role in Iloilo’s real estate development, contributing to the growth of communities through construction and property development projects.
Property Company of Friends, Inc. (Pavia, Sta. Barbara): ₱15,151,325.76 – Property Company of Friends, Inc. is a significant player in the real estate sector, contributing to the growth of Pavia and Sta. Barbara through property development and management.
Communities Iloilo, Inc. (Pavia, Oton, San Miguel): ₱13,336,607.72 – Communities Iloilo, Inc. focuses on developing residential and commercial properties, contributing to the growth of several municipalities in Iloilo.
IBC International Builders Corp. (Various Municipalities): ₱6,807,914.40 – IBC International Builders Corp. is a prominent construction company contributing to infrastructure development and building projects across Iloilo.
Dynasty Management and Development Corp. (Sara): ₱4,112,054.88 – Dynasty Management and Development Corp. is a real estate company contributing to the development and management of properties within the municipality of Sara.

Manufacturing and Agriculture:

San Miguel Foods, Inc. (Pavia, Leganes): ₱8,309,846.68 – San Miguel Foods, Inc. is a major player in the food processing industry, contributing to Iloilo’s agricultural sector and providing employment opportunities.
New Panay Agri-Ventures, Development, Inc. (Pavia): ₱9,429,195.68 – New Panay Agri-Ventures, Development, Inc. significantly contributes to the agricultural sector. It processes and distributes animal feeds around Panay, Guimaras, Negros, Palawan, and other nearby provinces.

Telecommunications:

Globe Telecom Inc. (Various Municipalities): ₱10,306,443.07 – Globe Telecom Inc. provides essential telecommunications services, connecting Iloilo to the rest of the Philippines and the world.
Smart Communications, Inc. (Various Municipalities): ₱10,133,745.12 – Smart Communications, Inc., another major telecommunications provider, plays a similar role in connecting Iloilo and supporting its digital infrastructure.

Retail and Commercial:

Robinsons Land Corporation (Pavia): ₱5,622,222.72 – Robinsons Land Corporation operates major retail spaces, contributing to the commercial activity and consumer market in Pavia.
City Mall Commercial Centers, Inc. (Pavia): ₱6,713,388.66 – City Mall Commercial Centers, Inc. operates shopping centers, contributing to the commercial vibrancy of Pavia.
Vista Mall Iloilo (Oton): ₱5,529,736.20 – Vista Mall Iloilo provides retail and commercial spaces, boosting the commercial activity in Oton.
Far East Noble House, Inc. (Estancia): ₱4,370,378.84 – Far East Noble House, Inc. operates a mall in Estancia, contributing to the commercial development of the area.

Food and Beverage:

Pepsi Cola Products Phils. Inc. (San Miguel): ₱4,607,707.20 – Pepsi Cola Products Phils. Inc. contributes to the food and beverage sector through its production and distribution network.
Liwayway Marketing Corporation (Pavia): ₱3,746,547.52 – Liwayway Marketing Corporation operates in the food and beverage industry. They contribute to the local economy through distribution and sales.

Here’s a detailed breakdown of the top 20 taxpayers of the Province of Iloilo , including their locations and contributions:

Palm Concepcion Power Corp. (Concepcion): ₱34,868,922.42
8990 Housing Development Corporation (Pavia, Sta. Barbara, San Miguel): ₱32,447,737.47
Property Company of Friends, Inc. (Pavia, Sta. Barbara): ₱15,151,325.76
Communities Iloilo, Inc. (Pavia, Oton, San Miguel): ₱13,336,607.72
Globe Telecom Inc. (Various Municipalities): ₱10,306,443.07
Smart Communications, Inc. (Various Municipalities): ₱10,133,745.12
New Panay Agri-Ventures, Development, Inc. (Pavia): ₱9,429,195.68
San Miguel Foods, Inc. (Pavia, Leganes): ₱8,309,846.68
IBC International Builders Corp. (Various Municipalities): ₱6,807,914.40
City Mall Commercial Centers, Inc. (Pavia): ₱6,713,388.66
Universal Robina Corporation (San Enrique): ₱6,425,668.65
3M Iloilo Properties and Dev. Corp. (Sta. Barbara, Leganes): ₱6,377,215.02
SPC Island Power Corporation (Dingle): ₱6,168,735.52
Robinsons Land Corporation (Pavia): ₱5,622,222.72
Vista Mall Iloilo (Oton): ₱5,529,736.20
Pepsi Cola Products Phils. Inc. (San Miguel): ₱4,607,707.20
Far East Noble House, Inc. (Estancia): ₱4,370,378.84
Dynasty Management and Development Corp. (Sara): ₱4,112,054.88
Liwayway Marketing Corporation (Pavia): ₱3,746,547.52
Global Estate Resorts Inc. (Sta. Barbara): ₱3,042,458.86

The substantial tax revenue from these top 20 taxpayers directly supports essential public services. It aids in infrastructure development and funds various community programs. Ultimately, this benefits all residents. This detailed overview showcases the diverse economic strength of Iloilo and its potential for continued growth and prosperity. The 2024 ranking serves as a testament to the province’s vibrant and dynamic economy.