This paper documents the proceedings of a stakeholder consultation titled "Engaging Stakeholders in River Basin Planning and Risk Management," focusing on the involvement of the private sector in the sustainable management of the Iloilo River. The discussion specifically captures the perspectives and concerns of the Iloilo Hotel and Restaurants and Resorts Association (IHRRA), Inc. regarding the river's ecological health and its impact on the local tourism and hospitality industry. Key themes include the integration of flood risk management with urban planning, the responsibilities of commercial establishments in wastewater management, and the potential for public-private partnerships in riverfront development. By synthesizing feedback from business owners and policy experts, the proceedings advocate for a collaborative governance framework that balances environmental protection with economic interests. Ultimately, the research emphasizes that active stakeholder engagement is essential for building urban resilience and ensuring the long-term viability of the Iloilo River as a regional asset/