Regions 11, 12 gained P366-billion investments last year–BOI

DAVAO CITY—The Board of Investments (BOI) has reported P366 billion worth of investments cornered by Regions 11 (Davao) and 12 (South Cotabato, North Cotabato, Sultan Kudarat, Sarangani and General Santos)  last year.

Gil Dureza, BOI chief of investments for Regions 11 and 12, said there was an increase in investments value last year with the entry of Enfinity Philippines for renewable energy for the development of a 33.56-megawatt solar- power project in Digos, Davao del Sur. The total investments last year was about 3.38 percent higher than that of 2014, when the registered total investments was at P354 billion.

In an interview with Dureza, it was learned that there were 15 listed projects last year, some of which already went on commercial operations while others expanded their existing businesses.

He said the projects were of mixed categories—from real estate to manufacturing, transportation and storage, accommodation and food service.

Among the investors listed under real estate were Davao Joyful Homes Realty Corp., Johndorf Ventures Corp., Mountain Haven Development Inc., Communities Pampanga Inc., Filinvest Land Inc. and 8990 Housing Development Corp.

One information and communications technology (ICT) project was listed under Cybercity Teleservices Philippines Inc. with a capacity of 2,012 employees.

Under manufacturing, the players were Starbridge Global Corp., an export producer of wood pellets, Consolidated Plywood Industries Inc., producer of wood products, decking, T&G flooring and pallets parts; Palm Asia Milling Corp., production of crude palm oil, palm kernel oil and by-product palm kernel oil; and Sammito Packaging Corp., export producer of plastic products, vacuum packs and poly bags.

Another project on the list was on transportation and storage, with Panabo Trucking Services Inc. expanding as provider of logistics services to exporters through bulk handling and cold storage, while Filsure Enterprise Corp. will be on marketing of liquefied petroleum gas (Sure Gas and LPG Bottling Plant).

The Gohotels Davao Inc., which caters accommodations and food-services activities, will operate
its new hotel in Lanang with 198 rooms.

On the other hand, Dureza said the foreign direct investments contributed to the rise in investments value.

He said 61 percent of the investments were mostly on business-process outsourcing and the ICT sectors, which are top-priority industries, he added.