Entrepreneur Elpidio M. Paras has been elected president of Promote NorMin Foundation Inc for 2019-2020.
In a general membership meeting held May 8 at The VIP Hotel, also elected officers were the following: Fe Rosales Juarez , Vice President; Ninfa Along Albania-Corporate Secretary ; and Nelia Lee- Treasurer.
Paras will replace Maria Teresa Alegrio who headed the group for 2018-2019.
A pioneering entrepreneur in Cagayan de Oro City and Northern Mindanao, Paras heads UC-1 Corporation (Unified Communications One), the holding company of the Paras group of companies which owns and operates the world class Seven Seas Waterpark at Barra, Opol, Misamis Oriental; Dahilayan Adventure Park in Manolo Fortich, Bukidnon; and Parasat Cable TV, Inc., Great White Water Rafting and Arriba Telecontact Inc. in Cagayan de Oro City.
Despite his busy schedule with the family ventures, Paras continues to be active in business and civic organizations.
He has served as Chairman of Xavier University (Ateneo de Cagayan) Board of Trustees; president for the Oro Chamber and Philippine Cable TV Association; board member, Cagayan de Oro International Trade and Convention Center Foundation, Inc.; independent director for Southbank Pte. Ltd. and A. Brown Inc.; Trustee, Maria Reyna-Xavier University Hospital, Inc. and Tourism Congress of the Philippines; member, Philippine Association of Amusement Parks and Attractions, and charter member, Philippine Society for Orphan Disorders.
The son of the late Pablo M. Paras (himself a past director of the Oro Chamber) and Mrs. Victorina Magbag of Pampanga who emigrated to Cagayan de Oro in the early 1950s, Paras graduated as class valedictorian in both grade school and high school at Xavier Ateneo.
As a Del Monte scholar, he graduated Magna Cum Laude in Mechanical Engineering at De La Salle University in 1974,
He set up the first hamburger shop in Cagayan de Oro in the early 1980s, its first video rental shop, the first satellite TVRO station and first Cable TV network in the region.
Promote CDO to Promote Normin
Founded as the Promote CDO Foundation Inc. on March 15, 2002, Promote NorMin Foundation Inc. is a private, voluntary, non-stock non-profit corporation which serves as a venue for the convergence of the public and private sectors in the promotion of the social, cultural and economic development of Cagayan de Oro and its environs.
The Foundation changed its name to Promote NorMin Foundation, Inc. as a bow to the emerging metropolization of Cagayan de Oro and its adjacent cities and municipalities in the region.
Promote NorMin is composed of key executives of the major business establishments in the region (commercial, industrial, educational) and executives of Local Government and key National Line Agencies.
It aims to rationalize social, cultural, and economic promotions and conservation events by working together as a group and thus maximizing the use of resources from both the government and private sectors
The City of Cagayan de Oro has experienced tremendous growth in previous years. With its strategic location, the city naturally evolved as the trade and service center for Mindanao. The city’s natural endowments were reinforced by the presence of the basic infrastructure and amenities supported by a focused vision for its economic future.
This was made possible by the strategic alliance espoused by both private and government sectors to help shape the landscape and local governance to enhance Cagayan de Oro’s role as a premier trade and service center in the country.
To further rationalize the growth directions of the city, a group of local businessmen identified the need to promote Cagayan de Oro City in a sustained and continuous manner. Thus, in January 2000, Rep. Constantino G. Jaraula of the Lone Congressional District of Cagayan de Oro, requested the Department of Trade and Industry (DTI) to gather key officers of the major companies operating in the city and province to solicit their support for a unified investment promotion program for the city, and at the same time support and encourage preservation and enrichment of its historical identity and cultural heritage.
From the Congressional Development Fund, Rep. Jaraula commissioned the University of Asia and the Pacific (UAP) to come up with Strategic Investment Promotion Program for Cagayan de Oro.
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