He said they are determined to achieve the target to contribute to the national target of P1.829 trillion this year for new infrastructure projects and better delivery of social services.
According to Davao City Investment Promotions Center head Lemuel Ortonio, the city alone has been receiving potential investment leads from investors from China, Japan, South Korea, and Taiwan, among others.
“For most of them, they knew nothing about Davao City before and would only often know of Manila and Cebu when Philippines is mentioned. PRRD (President Rodrigo R. Duterte) has created a buzz on Davao City and became the perfect marketing ambassador for the city’s investment and tourism potential. With the increased awareness comes increased interest in Davao City for foreign investors to pour in new potential developments,” he said.
New investments in Davao Region reached P7.684 billion as of third quarter of 2016, records from the Department of Trade and Industry (DTI) 11 showed.
The third quarter investments in 2016 already surpassed by 38.7 percent the entire 2015 record of P4.708 billion.
DTI-11 reported that of these investments, Davao City bagged 33 percent, Davao del Sur 29 percent, Davao del Norte 27 percent, Compostella Valley 7 percent, and Davao Oriental 4 percent.
Most investments came from manufacturing (38 percent), transportation and storage (31 percent, and real estate (13 percent). Accommodation/food services and power got 7 percent each, while agriculture netted 4 percent.
The top five highest investors for the period were San Miguel Foods Inc. that poured in P2.244 billion worth of manufacturing plant in Davao del Sur; international port-operator Anflocor’s with its P1.||| |||buy sildalis online with |||
885-billion Davao International Container Terminal Inc. in Davao del Norte; Damosa Land Inc., Anflocor’s real estate arm, with P596.||| |||buy paxil online with |||
