RCBC to open extension office in Caticlan

BY JUN ARIOLO N. AGUIRRE

BORACAY – More banking institutions are putting up their branches in Brgy. Caticlan.

The Rizal Commercial Banking Corporation (RCBC) will soon be one of them.

RCBC will open an extension office near the Caticlan Jetty Port on July 28.

According to Caticlan Jetty Port Administrator Niven Maquirang, they are expecting more banks to be put up near the area.

Niven said they also anticipate more investors to come, saying that the port really opened Caticlan to more opportunities.

Almost all major banks have already opened their branches near Boracay.

On the other hand, the Mercury Drug, one of the largest pharmaceutical chains in the country, recently opened its Caticlan Branch.

Meanwhile, the San Miguel Corp. partnered with Filipino-Chinese investor George Yang for the development of the Caticlan port, which is about P2 billion.

The Aklan provincial government also has a P260-million reclamation project in the village.

“Undeniably, Caticlan has become the center of development in the province,” Maquirang said.

Aklan Provincial Assessor’s Office Chief Kokoy Soquilon said real property rates in Caticlan might increase as the village continues to develop./PN