Iloilo City is a hub for trade, commerce, finance, technology, medical tourism, hospitality, real estate, tourism, education, and industry in the Western Visayas region. Major industries in the city include management of port facilities, telecommunications infrastructure and utilities, banking and finance, retail trading, real estate, tourism and business process outsourcing. The local government has provided incentives to businesses in certain investment areas, such as income tax holidays and free issuance of permits and licenses. It is the home of Mang Inasal, headquartered in Iloilo.

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