Byline: Carmelito Q. Francisco
DAVAO CITY - The city government is targeting over P6 billion in private investments next year after posting the highest level of investment this year.
The city recorded P5.9 billion in fresh capital in 2009 from P4.2 billion in 2008.
Roberto U. Teo, head of the city's investment promotion center, said the new investors include two hotel projects whose proponents have asked for incentives from his office.
He noted that the city has emerged as an investment haven in the Southern despite the stigma of being part Mindanao due to threats from rebel groups and the Nov. 23 massacre in Ampatuan, Maguindanao.