Davao 1st half in­vest­ments down, but re­cov­ery seen in 2nd half

Business World - - THENATION - Q. Fran­cisco Carmelito >> See full story on https://goo.gl/dU9EHc

AP­PROVED IN­VEST­MENTS in Davao City in the first six month of the year reached P11.973 bil­lion, lower by 4% from P12.48 bil­lion in the first half of 2016. Le­muel G. Or­to­nio, Davao City In­vest­ment Pro­mo­tion Cen­ter chief, said they ex­pect a re­cov­ery from the drop for the rest of 2017 with the ex­pected ap­proval of at least P348 mil­lion in new projects within this month. Among the in­vest­ments up for ap­proval are a P166.887-mil­lion low-cost sub­di­vi­sion and a P181.250-mil­lion feed mill. “Hope­fully, these will be ap­proved by the board,” said Mr. Or­to­nio, re­fer­ring to the Davao City In­vest­ment In­cen­tive Board, a multi-sec­toral body that as­sesses and cer­ti­fies ap­pli­ca­tions for perks such as tax breaks. —

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