Thai gov’t eyeing linkages with investors, says agency

THE ROYAL Thai Embassy (RTE) has expressed interest in bringing business roadshows and other similar activities to the city as way to link Thailand-based enterprises with the local businesses.

In a statement released Monday, the Davao City Investment Promotion Center (DCIPC) said plan of the Thai government to bring in investment-related activities in the city was among those that were considered during their meeting with the city government.

The foreign entity also wanted to pursue collaboration with the city government.

The representatives of the embassy met with the officials of DCIPC on June 7 to learn the city’s economic profile and investment opportunities.

Following the meeting, the DCIPC’s statement cited that the RTE is also planning endorse the city to the potential investors especially those into on construction and agribusiness industries.

Property development and agribusiness are among the 10 preferred investment areas of the local government, which are listed in the current Investment Incentive Code. The companies that would venture in any of the preferred areas would be granted with fiscal incentives.

The city government also continued to intensify the promotion of the city as a safe haven for investors.

On June 1, the city government through the DCIPC and City Tourism Operations Office organized the Davao City Investment and Tourism Roadshow at Dusit Thani Manila Hotel. It was attended by 60 economic and tourism counsellors, who represented 25 embassies.

“The forum was organized to enhance Davao City’s international relations and partnership with foreign embassies located in the Philippines. It also aimed to showcase that Davao City is open and safe as it pursues foreign visitors and investors to invest, live, and play in the city,” DCIPC said. (KMF)

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