TOP 10 investors in Davao Region provided more than 4,000 jobs for 2016 as of the data provided by the Department of Trade and Industry (DTI).
With the 63 percent increase of investments in Davao region for 2016, from P4 billion in 2015 to more than P7 billion last year, more unemployed individuals were now provided jobs.
Cocohaus Corporation, which is located at Davao del Norte, had the biggest number of jobs provided at 1,670 followed by FTC Group of Companies and Corporation which provided 1,254 employments as of last year.
Also among the top companies in the region that were able to provide new jobs were Anflo Banana Corporation with 415 jobs provided, San Miguel Foods Inc., providing 307 employment, Davao International Container Terminal, Inc. with 152 jobs, and AVLB Asia Pacific Conglomerate, Inc. with 124 employment provided.
The same data also showed that majority of these booming investments in the region is under the manufacturing sector with 38 percent of the breakdown of total investments, followed by transportation and storage or logistics at 31 percent.
According to DTI-Davao Region, a total of 34,809 jobs were generated for 2016. More than 4,000 of these are service facilities jobs. This number exceeds the 2016 job generation target of 32,000.