Investments soared in Davao last 2011

04Jan12

The changing landscape of Davao City.

A robust influx of investments in the city was noted last year, marking a growth of 47.6 percent in terms of the amount of investments from the new businesses.

Davao City Investment and Promotion Center (DCIPC) chief Jason Magnaye reported that Davao City gained total investments of P3.68 billion from the new businesses in 2011 compared to the P2.5 billion investment in 2010.

Magnaye said the total investments reached to P187 billion, earning a growth of 2.6% for the city last year. In 2010, Davao City gained P183 billion, he added.

Though the DCIPC chief noted a decline in business permit renewals last year, substantial business ventures poured in, saying that these “largely came from property development projects or real estate investments.” read more

(Carina L. Cayon)



No Responses Yet to “Investments soared in Davao last 2011”

  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: