Sun.Star Davao

BOI-Mindanao reports P2.5-B new investment­s

- By Reuel John F. Lumawag

A TOTAL of seven new investment­s f rom four companies worth around P2.546 billion were registered with the Board of Investment­s (BOI)Mindanao Field Office from July to September this year.

Based on the data released by BOI-Mindanao, there are four in Davao City and one each for Panabo City, General Santos City, and the local government unit of Santiago, Agusan del Norte. Investment areas include manufactur­ing and renewable energy. These investment­s will be able to generate 1,315 jobs.

In Davao City, Duraboard Packaging Corp. will be investing P20.37 million for the production of multilayer Kraft bags for export.

Property developer 8990 Davao Housing Developmen­t Corp. will be having three investment­s in Davao City amounting to P901.38 million, these are: the P234.65 million first phase of Deca Homes Indangan, which has 544 units, in Buhangin; P521.73 million expansion of Deca Homes Resort Residencs in Tugbok, which will have 1,341 units; and the P145 million expansion of Deca Homes Resort Residencs in Tugbok, which will have 207 units.

HLC Constructi­on and Developmen­t Corp. will be investing in two lowcost mass housing project in Mindanao: the P116.21 million, 188 unit Oakwood Residences in Panabo City and the P200.31 million 361 unit Excellent Living Residences in General Santos City.

The largest s i ngl e project investment is of Asiga Green Energy Corp. (Agec), which will be investing P1.308 billion for an eight megawatt (MW) hydro power plant project in Santiago, Agusan del Norte.

Earlier, it was reported that as of the first half of this year, BOI has already registered P14.7 billion of investment­s. They are located in Davao City, Davao del Sur, Davao del Norte, Davao Oriental, Agusan del Norte, Surigao City, North Cotabato, and South Cotabato.

Investment areas included transporta­tion and storage, real estate, agricultur­e, electricit­y, manufactur­ing, food processing, renewable energy, and tourist accommodat­ion facility, generating at least 1,770 jobs.

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