Davao City Economic Enterprises income up in first quarter 2023

THE Davao City Economic Enterprises reported that its collection for the first quarter of the year increased by 27.23 percent compared to the same period last year.

CEE Head Maximo Macalipes Jr., in an interview during the Madayaw Dabaw morning show on May 17, 2023, said the collection for the first quarter totaled P67,267,079.75, higher than the P52,867,793.22 recorded in the same period of 2022.

“Mao ni siya ang pinakadako nga nareceive nato this quarter as compared to last year (This is the biggest we have received so far this quarter as compared to last year’s),” Macalipes said.

He added that market operations contributed the biggest share with 64.39 percent of the total collection or a total of P43,309,561.67.

“Naa ta’y walo ka palengke ang Bankerohan ang nag-una ani (We have eight markets, and Bankerohan has taken the lead),” he said.

Based on CEE data, Bankerohan Public Market’s income for the first quarter of 2023 totaled P19,520, 223.17 or equivalent to 45.07 percent of the cluster’s total.

Macalipes said that the CEE continues to find opportunities to generate more revenues to support the projects of Davao City.

“Kani atong income mudiretso gyud ni siya sa city government of Davao para ma allocate na nato pangtabang sa programa ug serbisyo nga gina-align pod sa atong government karon (Our income will directly go to the City Government of Davao and allocate it to help the programs and services aligned by our local government),” he added.

He said that the slaughterhouse in Malagos, the Almendras Gym, Night Markets, the Sta. Ana Port and Magsaysay Park, which are all under CEE continue to operate for the city’s revenue generation. /

Recognizing the value of regional industries as producers for the local market will help address regional growth and development disparities in our country. SEC. ARSENIO BALISACAN

National Economic and Development Authority