DAVAO

Investment in Davao Region drops

Business news

DAVAO Region recorded fewer investments in the third quarter in 2019 compared to the same period in 2018.

Based on the latest record from the Board of Investment (BOI), there are only two approved investments in the third quarter of 2019 which amounted to a total of P270.66 million, while there were three projects in same period of 2018 which cost a total of P663.90 million.

In the third quarter this year, the BOI approved the expansion of the low-cost housing project of 8 Spatial Davao of the developer Filinvest Land, Inc. which amounted to P240.66 million.

Another investment approved in the same period is the Bangy Agri Ventures Corporation, a new producer of live broilers on a contract scheme amounting to P30 million.

Meanwhile, during the same quarter in 2018, the agency has approved three investments, which include the establishment of the general hospital Specialist Primary Care of Ilang Inc., an oil depot of Seaoil Philippines in Sta. Cruz, Davao del Sur, and expansion of Good Shepherd Hospital of Panabo City.


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