News : City Posts New Investments in Q1
Davao City, Philippines, April 17, 2015 -- Davao City registered a total of P860.11 million in investments for the first quarter of 2015, based on the data from the Board of Investments (BOI) Mindanao Filed Office.
Data showed that there were a total of four projects last quarter registered with BOI and can directly generate 2,404 jobs.
Three are real estate projects, which are wholly owned by Filipinos, while the other is a service provider.
Real estate accounted for P741.45 million, 86 percent of the total BOI registered investments in the city. The only services investment from Cybercity Teleservices (Philippines) Inc. accounted for 14 percent of the total investments at P118.66 million.
Cybercity Teleservices (Philippines), which is partly British-owned, is a new export services provider that is set to put up a contact center on Sobrecarey St. and will be able to geneerate 2,012 jobs.
Most of the projects in the region are property development with four at P994.61 million while two are investments on manufacturing at P174.27 million, and the other two are on services at P202.38 million.
Posted by Veronica Silva Cusi, news correspondent
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About Davao City Chamber of Commerce and Industry Inc.:
Davao City Chamber of Commerce and Industry, Inc. (DCCCII) is a chamber of commerce located in the city of Davao City in the country of Philippines.
Published: Monday, April 20, 2015