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Tuesday, September 06, 2005
Davao investments up by 15 percent
By Jenny Molbog-Mendoza
THE amount of investments infused in Davao Region during the first semester of this year increased by 15.2 percent, the Department of Trade and Industry (DTI) 11 reported.
During the first six months of 2005, a total of P2.7 billion worth of investments have been poured in the region's economy, higher by P362 million as compared to last year's first semester performance of P2.4 billion.
DTI 11 planning officer Romeo Castañaga said this year's total investment is 37.3 percent of the annual target of P7.341.35 billion.
In the last semester's investment performance, the biggest penetration was on other industries outside the eight major commodities being highlighted by the agency, which recorded P1.833.99 billion.
This was followed by allied services with P214.67 million; coconut with P207.86 million; banana with P207.59 million; mango with P106.24 million; wood with P90.13 million; fruits with P34.90 million; information and communications technology (ICT) with P34.60 million; fish with P6.23 million; and seaweeds with P4.65 million.
The agency is optimistic that this year's target will be achieved through the collaborative efforts of various agencies in terms of stimulating more investments.
For Bisaya stories from Davao. Click here. (September 6, 2005 issue)
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