Malaysia holds historic biz market footprint in city

CONSIDERING the business climate and unique geographic position of Davao City, the Malaysia External Trade Development Corporation (Matrade) under the trade promotion agency of the Ministry of Investment, Trade and Industry (MITI) has set a historic business market footprint in the city through the Market Immersion Mission, making Davao one of their smart cities in the country, alongside the Philippine’s capital region, Manila.

The expansion of Malaysia’s robust investment which kicked off on Tuesday, March 12, and ends on March 15, aims to recognize the opportunities in growing infrastructure and development projects, expand the presence of Malaysian companies in the region, and create a more sustainable and transformative Philippines.

This year’s Matrade mission focuses on bringing the five Malaysian mid-tier level companies from various sectors of MITI following the first business meeting event last 2019.

These companies are material and construction services, renewable energy with expertise that includes solar photovoltaic solutions, integrated engineering solutions, providers of relocating utilities such as pipes and telecommunications, steel wire, and engineering-procurement -construction-commissioning (EPCC) solution providers.

Meanwhile, Davao City Chamber of Commerce and Industry, Incorporated (DCCCII) President Belinda Torress said the government will work hand in hand not just on the business landscape and economy but also enhancing the quality of life to all residents in line with the branding “Davao City: Life Is Here”.