DAVAO City Investment Promotions Office (DCIPC) has noted more investment inquiries since international events were held in the city.
"Since kadtong mga events nato this year and late last year launching sa Asean, we have observed more investment inquiries (Since the conduct of the events this year and late last year including the Asean launch, we have observed more investment inquiries)," DCIPC head Lemuel Ortonio said Thursday.
Ortonio explained that these events only resulted to inquiries because it takes time for an investor to finally decide to put their money and investment here in the city.
He, however, said that these groups are eyeing Davao City as their chosen location of business.
"If you base on inquiries, those who commonly visit our office are from China, Japan and South Korea," he said.
He added that even before the Asean, company groups from Malaysia and Singapore have already made inquiries about possible investments in Davao City.
Ortonio is hopeful that by second quarter this year, a Singapore-based company that showed interest to the city will eventually invest.
Meanwhile, Ortonio said that they provide tax incentives for the expansion of new investment in 10 priority areas in line with the 10-point agenda of Davao City Mayor Sara Duterte-Carpio.
He said that their office provides two-year real property tax exemption and three-year business tax exemption for those who will invest aligned with the goal of the city administration.
He added that longer exemption or five years of tax exemption in both real property tax and business tax will be given to those who will invest in Marilog, Baguio, Calinan and Paquibato districts.
"This is because the city administration wants the developments in the city away from the downtown areas," he said.
"When we promote the areas we make sure that these areas are available for development. The investors eye the pros and cons and take it in consideration," he added.