TWO weeks after the declaration of martial law in Mindanao and a Hold-and-Secure status in Davao City, business remains normal with no business operation terminations or investors backing out.
During an earlier interview, Davao City Investment Promotion Center (DCIPC) Head Lemuel Ortonio previously stated that there is indeed a slight and minimal impact on the investments in the city although this only covers the hotel bookings and accommodations being cancelled by clients following the declaration of 60-day martial law in the island.
Ortonio said although some investors had expressed their concerns, their office already addressed these concerns saying security measures in the city were tightened up to ensure safety.
Ortonio also said the weekly number of investors inquiring for investing in Davao City remains to be the same with Chinese and Korean investors coming to his office a few days ago to inquire.
“We constantly update them of our security situation here, they have also realized that the implementation of Martial Law is also for their own benefit since it will ensure their safety once they visit Davao City,” said Ortonio.
As for the part of the Davao City Chamber of Commerce and Industry, Inc. (DCCCII), President Ronald Go earlier released a statement saying they acknowledge that the declaration may lead to short-term setbacks causing worry to the investors. However, he also said, as a community, the declaration should be taken as a form of a “short-term” sacrifice.
“Better we pave the way for progress and development now than having to have our progress impeded by arrogant, morally misguided individuals or groups in the future,” said Go.