The Sangguniang Panlungsod approved a resolution declaring business tycoon Lucio L. Co an adopted son of Bacolod City during its regular session Wednesday, January 10.
The SP also conferred the title of Honorary Mayor of Bacolod on Co for the city’s Bacoloadiat celebration of the Chinese New Year on February 10, Councilor Al Victor Espino said.
Bacolod Mayor Alfredo Abelardo Benitez sought the SP’s approval of the titles bestowed on Co following the recommendation of the Bacolaodiat Inc. board.
.
Co, is the chairman and owner of Cosco Capital Inc., Puregold, S&R Membership Shopping, among others, the mayor said in a letter to the SP.
He is best known as a visionary in retail shopping space and has crafted a brilliant masterplan to bring affordable goods and seamless service to the Filipinos, Benitez added.
Co through his various businesses has helped thousands of Filipino workers by creating job opportunities through his retail empire, he said.
The mayor said Co was also a proponent of scholarships in various schools thereby uplifting the lives of the less fortunate yet talented youth through education.
He has likewise brought significant contributions to the business and investment landscape of Bacolod and has led an exemplary yet low-key lifestyle worthy of emulation by future generations, he added.
The annual Bacolaodiat Festival to usher in the Chinese New Year in Bacolod City is set February 9 to 11.*