Davao City approves new incentives code
Subscribe Now August 14, 2012 at 08:28am
The business sector welcomes the passage of the new code noting this would help the city attract more investors. Dr. Ma. Lourdes G. Monteverde, president of the Davao City Chamber of Commerce and Industry, said the new code will help investors decide where to put their operation in the city.
Some business leaders, however, believe that while incentives need to be provided to new projects, the most important thing is for the city to maintain its status as a haven for investments.
"Investors will implement their projects, incentives or no incentives, for as long as they see profits," said Joji Ilagan-Bian, former chairman of the Mindanao Business Council.
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