Investments in 3rd quarter reach P400M

THE registered investments for the third quarter of this year in Davao region reached P423.65 million.

Based on the initial investment data provided by Bureau of Investments (BOI)-Mindanao, there were a total of three registered projects recorded from July to September 2018.

The investments were on the following industries: administrative and support service activities, human health and social services, and transportation and storage.

An investment project for administrative and support service industry is a new service export provider from Flatworld Solution (Philippines), Inc. which offers business support and data entry services at Buhangin, Davao City amounts a total cost of P121.25 million. This investment project is expected to generate almost a thousand employees.

For the human health services industry investment, a general hospital by Specialist Primary Care of Ilang, Inc. which amounts a total of P15 million is located at barangay Ilang, Bunawan, Davao City. The hospital project investment has a 23-bed capacity. The project is expected to employ 54 people.

Seaoil Philippine Inc. recorded the highest project investment with a total amount of P287.41 million for the third quarter. The company’s project is for bulk marketing of petroleum products at Sta. Cruz, Davao del Sur Oil Depot with an additional of 36.9 million liters combined capacity of four storage tanks in Barangay Coronan, Sta. Cruz, Davao del Sur. (GAD)


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