In a bid to further boost the city’s economy, the Davao City Investment Promotion Center (DCIPC) approved a total of P237-Million worth of investments this month.
These investments were from Aerwall Philippines Inc., a manufacturing company which launched its operations in the city; and the Nakashin Davao International, a manufacturing and exporting company.
Christian Cambaya, Head of the DCIPC’s Investor Assistance Servicing Unit, said in an interview that the entry of the firms demonstrates the continued growth and potential of Davao City as a key business and industrial destination in the Philippines.
“New investments bring job opportunities for our residents, leading to a lower unemployment rate and improved quality of life,” Cambaya said.
The entry of well-known companies also strengthens the city’s reputation as an investment-friendly city which will potentially attract more investors in the future.
Cambaya added that the rise in business activity leads to higher income for the local government through taxes and fees, which can be used for development projects.
“The Aerwall Philippines Inc., investment not only reflects confidence in our local economy but also highlights Davao City’s potential as a hub for industry and technology as a manufacturer of precast concrete walls and precast concrete structures and other structural finishings. The product is Expanded Polystyrene System Wall Panels (EPS-WPs),” Cambaya said.
Cambaya said entry of Nakashin Davao International, Inc., will lead to the export of fresh frozen products like mangoes, pineapple, banana, and other tropical fruits to Japan, Europe, and other countries. CIO
