DAVAO CITY (MindaNews / 7 Feb) – The city government here is doing a major overhaul of its revised Davao City Investment Code of 2012 to encourage more fresh investments by enhancing both fiscal and non-fiscal incentive offerings to new investors.
Lemuel Ortonio, head of the Davao City Investment Promotions Center (DCIPC), said on Thursday that consultancy firm Isla Lipana Co.
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Once approved by the board, Ortonio said they will submit the draft measure to the 18th City Council for approval before it will adjourn on June 30.
He said they are confident that there would no major changes that will be made once they present it before the board.
The government official said they can get legislative approval for the code before the council adjourns.
(Antonio L. Colina IV / MindaNews)
