DCIPC: In­vest­ment boom ex­pected this year

Sun.Star Davao - - BUSINESS - By Jen­nie P. Arado

THE Davao City In­vest­ment and Pro­mo­tions Cen­ter (DCIPC) is ex­pect­ing a boom in in­vest­ments in the city this year with the en­try of firms and projects on agri­cul­ture, tourism, busi­ness parks, and health­care fa­cil­i­ties.

Based on the trend that the num­ber of busi­ness es­tab­lish­ments in Davao City are mak­ing from 2012-2016, the DCIPC projects around 5 per­cent (%) in­crease in the num­ber of busi­ness es­tab­lish­ments sprout­ing in the city this 2018.

Ear­lier pub­lished re­port from the Davao City Busi­ness Bureau re­veals more than 41,164 with busi­nesses with per­mits in the city for 2017 with a big chunk from the re­tail­ing sec­tor. Ac­cord­ing to Busi­ness Bureau of­fi­cer-in-charge at­tor­ney Marissa Tor­rentera this is much higher com­pared to the 36,000 to 38,000 busi­ness es­tab­lish­ments with per­mits in Davao City for 2016. Even in 2016, there is a good num­ber of es­tab­lish­ments from the re­tail­ing sec­tor.

In an in­ter­view with DCIPC head Le­muel Or­to­nio last Tues­day, Jan­uary 9, he said this in­crease in the es­tab­lish­ments can be at­trib­uted to the ini­tia­tives of the lo­cal gov­ern­ment to stream­line busi­ness per­mits ac­qui­si­tion there­fore help­ing with the con­ve­nience and ease of do­ing busi­ness in the city. Or­to­nio also cited the peace and or­der sit­u­a­tion as well as the fact that Pres­i­dent Ro­drigo Duterte is from Davao City as the other two ma­jor rea­sons in­vestors from dif­fer­ent parts of the coun­try and the world are com­ing to in­vest in Davao City.

“In 2018, we fore­see that there would be more

in­vest­ments on agri­cul­ture still be­cause that is one of our top in­dus­tries, Tourism, and more busi­ness parks. Lastly, we are en­vi­sion­ing that there will be more health fa­cil­i­ties, not just the gen­eral hos­pi­tals but more on spe­cial­ized health fa­cil­i­ties. We con­ducted con­sul­ta­tive meet­ings with (the rep­re­sen­ta­tives) of the health sec­tor. They were also able to iden­tify some pos­si­ble needs in the city and gaps in terms of med­i­cal fa­cil­i­ties which can be made in­vest­ment op­por­tu­ni­ties for po­ten­tial in­vestors,” said Or­to­nio.

DTI Davao Re­gion Sec­tion Chief for Busi­ness Reg­is­tra­tion, Li­cens­ing, and Ac­cred­i­ta­tion en­gi­neer Ruel Braña, in an ear­lier in­ter­view, said the busi­ness trend in 2017 as far as busi­ness reg­is­tra­tion is con­cerned is on food es­tab­lish­ments and laun­dry shops.


HALF RICE OR­DI­NANCE. A fast­food helper in Ma­gal­lanes Street, Davao City pre­pares a cup of rice as gov­ern­ment em­ploy­ees troop to their store for lunch. Last Tues­day the Davao City Coun­cil passed an or­di­nance re­quir­ing the food ser­vice in­dus­try to in­clude half-rice in their menu.

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