Presidential Communications Operations Office



  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Thursday, 23 May 2019 News Before 1 Feb 2012. Click for Latest
Web PIA  
 
home
 
about
 
fotos
 
info
 
links
 
ncrr01carr02r03calmimr05r06r07r08r09r10r11r12r13
 << May 2019 >> 
S M T W T F S
1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31
Special News Editions:
English.Tagalog.Cebuano
Ilocano.Waray.Hiligaynon
Pangasinan.Other
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
Visitors since 15 Feb 2011:
PIA News Archive:
English.Tagalog.Cebuano
Waray.Hiligaynon.Ilocano
Pangasinan.All
PIA Archive News Reader

PIA Press Release
2008/08/05

Investments trooping to Davao City

by Prix D Banzon

Davao City (5 August) -- Investors in real property are trooping to Davao City because they find the city progressing and the right place to do business.

Davao City Investment and Promotion Center (DCIPC) head Engr. Roberto Teo at Kapehan sa Dabaw at SM's Pizza Hut said two Manila-based big malls are the most recent investors here.

Teo said the Robinson's that locate along Bajada already had started constructing their buildings that will house their supermarket and their hardware (Handyman) and an IT Center. The Ayala Land on the other hand is a residential commercial area to include among others area for BPO locators.

He said they know that there is money here that is why they are coming and that you got to have the name to invest in the city.

Meanwhile Teo said they are pushing for the ICT and retirement villages because these are the two sector that could stir more economic activities in the area.

ICT he said is Davao City's strength and right now their office is advocating for other investors to put up an ICT park even as he said that they envisioned that by 2010 Davao City would be able to consolidate this sector in one location.

He said this will not only for call centers but the BPO industry to include medical transcription, animation and other software production.

He is looking at areas in Mintal and Tugbok as potential sites for these kinds of businesses.

Meanwhile Teo also said that retirement villages is also the project that they are pushing considering that many retirees favor locating in Davao City.

Talking to some Japanese, Chinese and American retirees that are already here in Davao he said they find the city the place that they want to settle for retirement.

"The projected money spending of a retiree is at $1,000 a month and this would mean a lot of money in circulation," he said. (PIA) [top]

|«  prev  next  »|
DAILY NEWS LIST:
»Davao metro shuttle bus to provide seats for breastfeeding mothers
»Stanfilco's blesses breastfeeding station
»Stay-behind forces to help barangay defense system
»CMDF conducts seminar on construction testing for field engineers
»Ulama hails PGMA in conducting dialogues in achieving peace
»2nd batch 17 women finish cosmetology training
»Davao Norte prov'l staff join 1st SONA info quiz
»New Davao malls to attract provincial mallgoers
»Investments trooping to Davao City
»Pantawid kuryente availed by Capiceņos this month
|«  prev  next  »|

Philippine Official Gazette | Office of the President | Presidential Communications Operations Office
For comments and feedback, please email PIA Newsdesk
Copyright © 2005 Philippine Information Agency
PIA Building, Visayas Avenue, Diliman, Quezon City 1101 Philippines