20 Singaporean firms looking for local partners

ABOUT 20 business leaders based in Singapore started discussing the possible partnership with local companies during the trade mission in the city last week.

 To have a clear picture of the investment opportunities in the city, the delegates were briefed by the four different national government agencies and Davao City Investment Promotion Center (DCIPC).

 DCIPC said in a statement that: “Singaporean businessmen consider Davao City as one of their potential partners to take part in the Singaporean government’s call to have a wide scope of partnership—not only with the capital city but also with different cities in partner countries.”

 The Davao-leg of Singapore Business Federation’s trade mission was organized by the Davao City Chamber of Commerce and Industry Inc.

 “The mission aims to equip participants with a better understanding of the business climate and investment opportunities in the Philippines, particularly Davao City,” said National Economic and Development Authority (NEDA) in a statement.

 The NEDA Board of Investments, Department of Trade and Industry and Mindanao Development Authority provided presentations on the updates about the development of the city while the DCIPC bared the city’s 10 preferred investment areas.

 DCIPC also led an industry tour to the business leaders at Damosa Land and Abreeza Ayala Mall.

 NEDA XI regional director Maria Lourdes D. Lim was also able to highlight the region’s vision to lay the foundation of inclusive growth, a high-trust society and a globally competitive knowledge economy.

 “Davao Region adopted a spatial strategy of national dispersion through regional agglomeration as espoused in the National Spatial Strategy. The key is to strengthen regional development by directing growth to key centers throughout the country that serve as drivers of economic growth,” Lim said.

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