THE DAVAO City Investment Promotion Center (DCIPC) noted a total of P3 billion worth of investment pledges were generated in Davao City for 2024.
During the Habi at Kape forum on March 6, Christian Cambaya, DCIPC Unit head said investment pledges are companies or prospective investors they’ve met and signified to invest in the city for this year.
“The investment pledges that we got from them is P3 billion pesos, and actually, that’s a very significant investment for a local government,” Cambaya said.
Cambaya said this came across huge different sectors in the services industry, such as manufacturing, BPOs (Business Process Outsourcing), agribusiness, and health.
To sustain such pledges, Cambaya said they’ve been supporting investors through their program and offerings of fiscal and non-fiscal incentives, as well as their conduct of tourism investment roadshows.
He also said they have continuously coordinated with the private sector to assist them in establishing a guide for investors in doing business in Davao.
“This will contain rich information about Davao, what Davao City has to offer to investors, and the tax incentives that we are providing, as well as the tax mechanism that we are implementing in the City Government of Davao that includes real property tax, business tax, as well government regulations,” he said.
Cambaya added that the office regularly enhanced their systems and automating processes, particularly with the city’s business permits.
