Category Archives: foreign investments

Foreign investments in Davao Region reach P381.5B from Jan-Jun 2018

DAVAO CITY (MindaNews/ 11 September) – Davao Region registered a total of P381.5 billion in approved foreign investments for the first half of 2018, 44% higher compared to P265 billion reported in the same period last year, data from the Philippine Statistics Authority showed. National Economic Development Authority 11 director Maria Lourdes Lim said the […]

Foreign investments hit P45.2B in 1st semester

DAVAO CITY (MindaNews / 7 Sep) – Foreign investments approved for the first semester of 2018 reached P45.2 billion or 10 percent higher compared to P41 billion recorded in the same period a year ago, data released by the Philippine Statistics Authority (PSA) showed. The country’s foreign investments doubled in the second quarter of 2018, […]

Approved foreign investments P408.7B as of Q3

DAVAO CITY (MindaNews/27 November) – Approved private investments in the country reached P408.7 billion from January to October this year, or 38.1-percent higher compared to P296 billion for the same period last year.   In a press briefing Monday at the Presidential Guest House in Davao City, Presidential Spokesperson Harry Roque reported that these fresh […]

Martial law to dampen Davao City’s economic performance

DAVAO CITY (MindaNews/02 June) – The city’s economic performance will experience a slowdown for the rest of the year owing to the state of martial law in Mindanao, Lemuel Ortonio, chief of the Davao City Investment Promotion Office (DCIPC), said Friday. But Ortonio expressed optimism the city, which posted an slight increase in investments in the first […]

PH, China sign economic cooperation program

DAVAO CITY (MindaNews/17 March) – The Philippines and China signed on Friday a six-year development program for trade and economic cooperation between the two countries in Davao City on Friday. National Economic Development Authority Director General Ernesto Pernia and Fu Ziying of China International Trade Representative and Vice Minister of Commerce signed the program. The […]

South African, UK diplomats coming to Davao for trade talks

DAVAO CITY (MindaNews/06 March) – Ambassadors from South Africa and the United Kingdom will meet Davao City business leaders to discuss ways to further trade and investments between the city and the two countries. Speaking in Monday’s Kapehan sa Dabaw, Davao City Chamber of Commerce and Industry Inc. (DCCCII) president Ronald Go said he hopes […]

PH positions itself as ‘gateway’ to ASEAN, 5 economic powers

DAVAO CITY (MindaNews/13 January) – The Philippines’ strategic location will make it a gateway to the 620 million population of the ASEAN region and five other important trading partners, Trade and Industry secretary Ramon Lopez said in his presentation Friday where he pitched for the country as a potential investment destination for Japanese companies in […]

PH to welcome foreign investments in power, telecom

DAVAO CITY (MindaNews/24 November) – The country will open its doors to foreign investments in telecommunications and power to enhance competition that will bring down the costs and improve the quality of services, President Rodrigo R. Duterte said upon his return from the Asia Pacific Economic Cooperation Summit in Lima, Peru. In his arrival message […]

APEC Summit: PH to highlight ‘ease of doing business’ to draw investors

DAVAO CITY (MindaNews/17 November) – The Philippines will highlight the “ease of doing business” in the country during the Asia-Pacific Economic Cooperation (APEC) Summit in Lima, Peru on November 19 to 20 to show its readiness to accommodate investors, President Rodrigo Duterte said. In his departure speech Thursday at the F. Bangoy International Airport, Duterte […]

Mindanao biz leaders upbeat despite PH ‘separation’ from US

DAVAO CITY (MindaNews/24 October) – Mindanao business leaders have remained upbeat on the country’s economy amid President Rodrigo Duterte’s pronouncements the country will “separate” from the US militarily economically. Duterte announced the shift in foreign policy during his state visit to China last week. In a text message, Davao City Chamber of Commerce and Industries […]

SoKor investor eyes PPP for Davao project

DAVAO CITY (MindaNews/28 July) – A South Korean investor is set to meet with City Mayor Sara Duterte for the proposed Davao Riverside Boulevard project that will be enrolled under the Public-Private-Partnership (PPP). This was revealed by Engr. Jose Froilan T. Rigor, planning officer 4 at the City Planning Development Office (CPDO) in an interview […]