05 Jul Investment Leads in Mindanao Surged, Nearly P900B as of June This Year
Surpassing the figures of about P86.94 billion observed for the first four months of this year 2016, the investment leads in Mindanao surged reaching almost P900 billion according to the data given by the Board of Investments-Southern Mindanao.
With actual figures of P886.75 billion, the investment leads in the month of June this year presented a boosted investor’s confidence for Mindanao, possibly due to the victory of Mindanaoan President Rodrigo R. Duterte last may 9 elections.
The said investment leads include big ticket projects by some 12 or 13 investors, mentioning Taiwanese, Chines, European and Indian investors.
“The inquiries started increasing two months before the election but more investors came after election,” BOI-Southern Mindanao chief Gil Dureza said, adding that, “Before election, the way Duterte projected that he would transform the economy, that signal alone has provided the international community to build up their level of confidence.”
Public-private partnerships, infrastructure, resource-based agriculture, manufacturing, mass housing, business process outsourcing and power generation are some of the most areas of interest.
Dureza noted that the investors wanted to start their operations in the next 3 years.