ABOUT P12.54 billion in investments were poured into Davao Region in 2014.
The investments were in logistics, real estate, agriculture, air conditioning, manufacturing, storage, and services, the Board of Investments (BOI) Mindanao Field Office said.
The biggest single investment came from the operation of seaports — the P2.65-billion Davao International Container Terminal (DICT) of the San Vicente Terminal and Brokerage Services, Inc. in Panabo City, and the P5.72 billion Hijo International Port (HIP) of the Hijo International Port Services Inc. (HIPSI) in Tagum City.
The DICT will have an annual capacity of 400,000 40-foot equivalent unit (FEU), while the HIP has a capacity of 450,000 20-foot equivalent unit (FEU).
The bulk of the region’s investments is from the real estate sector, with a combined investment of P2.489 billion, mostly in Davao City.
The company with the largest real estate investment is 8990 Housing Development, which has five projects worth P1.56 billion, all in Davao City.
The company invested P521.73 million to add 1,341 units to the Deca Homes Resort Residences Phase 9 in Tugbok; P234.65 million 544 unit Deca Homes Indangan Phase 1 in Buhangin; the P145 million 207 unit expansion of Deca Homes Resort Residences Phase 12 in Tugbok; P266.58 million 421 unit expansion of Deca Homes Resort Residences Executive in Tugbok; and the P391.89 million 662 unit expansion of Deca Homes Indangan Phase 2 in Indangan.
Other real estate investments in the region are the P656.14 million housing development of Steward Home Development Corp. in Buhangin, Davao City; the P157 million, 80-unit Wee Siu Yen Condominium of Kim Guan Realty Development Corporation in F. Bangoy St., Davao City; and the P116.21 million, 188-unit Oakwood Residences of HLC Construction and Development Corporation in Panabo City.
The third biggest chunk of investments is from the manufacturing industry with P544.47 million. Franklin Baker Company of the Philippines invested P392.15 million for the production of coco water concentrate in Sta. Cruz, Davao del Sur; Coco Davao Inc. is invested P124.95 million for the production of coconut water concentrate for export at Sta. Cruz, Davao del Sur; Duraboard Packaging Corporation invested P20.37 million for the production of a multilayer kraft paper bags in Lanang, Davao City; and in Davao Oriental, See’s International Food Manufacturing Corporation invested P7 million for the production of banana chips for export at Mati City.
Other investors that entered the region in 2014 are Flatworld Solutions (Philippines) Inc.’s P13 million investment for business process outsourcing in Davao City; Bioenergy 8 Corporation’s P418.64 million investment for the construction of an oil depot in Davao City; Philippine Integrated Energy Solutions Inc.’s P353.76 million investment for a district cooling system in Davao City; and Anflo Banana Corporation’s P347.02 million investment for the production of cavendish banana for export in Don Marcelino, Davao del Sur.
Published in the Sun.Star Davao newspaper on January 31, 2015.
