BusinessMirror

Davao city council plans for investment, savings

- By Manuel T. Cayon @awimailbox Mindanao Bureau Chief

DAVAO CITY—THE City Developmen­t Council of Davao del Norte’s Panabo City convened last month government and policy-makers to a discussion of this year’s investment and savings plan as it continued to attract visits from other local government­s on its best practices on local administra­tion.

Council chairman Mayor Jose E. Relampagos led discussion­s that centered on the approval of a supplement­al developmen­t investment program, disaster risk-reduction (DRR) activities and the city investment program.

The meeting has also declared a policy of generating savings from its 20-percent developmen­t fund.

Also last month, the Department of Trade and Industry and the Panabo City Negosyo Center invited several business organizati­ons to a business continuity planning seminar to help them handle and manage well their respective businesses especially during crisis situations.

Participan­ts include food processors, retailers, creative industry, cooperativ­es and associatio­ns. Topics were about risk management, disaster preparedne­ss and business continuity strategies.

Meanwhile, the city’s Market Complex Technical Working Group visited the Pagadian City Commercial Center on April 3 to April 5 to help the former gain more insight in managing its market, currently being constructe­d from its old site.

The City Commercial Center is under the Pagadian Economic Enterprise Department. The Panabo City market complex would also be managed by the City Economic Enterprise Management and Developmen­t Office.

Pagaidan City Mayor Samuel S. Co welcomed the Panabo City team and briefed the latter on the operation of its City Commercial Center, which was establishe­d in 2010.

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