Davao City 2014 investments hit P6.3-B; business registrations up 10%

DAVAO CITY — New investment here amounted to P6.3 billion in 2014, almost half of which came from the P3-billion mill set up by Steel Asia Manufacturing, Inc. and the rest coming mainly from real estate development ventures, according to data from the Davao City Investment Promotion Center (DCIPC).