BIZ BUZZ: Palawan group keen on vault services
After venturing into the sale of customized gold coins and bars, the Palawan Group of Companies now wants to add vault services to its menu.
Karlo Castro, the president and chief executive officer of the company, told Biz Buzz during the media launch of the Palawan gold program last week that this type of service was in the pipeline and that they are working on regulation compliance.
“A few months from now there will be a different answer and we will be able to provide that facility,” he said.
The firm’s gold program is its latest product offering where people can buy from their collection of gold coins and bars, touting it as a stable and long-term investment.
The minimum sale price is P5,600 for a 1-gram coin while a 20-gram bar costs as much as P112,000, with varying discounts available for Palawan suki card owners.
“By offering competitive pricing and flexible payment options, we are removing the barriers to ownership, empowering more Filipinos to secure this valuable asset,” Castro said.
