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Davao City, Philippines

Bong Go urges businessmen to invest in Davao Oriental

December 03, 2018 - Monday 3:12 PM by MindaNews

MATI, DAVAO ORIENTAL - Former Special Assistant to the President (SAP) Christopher Lawrence ‘Bong’ Go expressed his support to the local government of Davao Oriental in promoting the province as a major investment hub in Davao Region. He said that this vision can bring new livelihood opportunities for citizens in Mindanao. 

“Maganda ito para maikalat ang impormasyon kung gaano kaganda ang Davao Oriental para matulungan natin ang probinsya na magkaroon ng mga bagong trabaho para sa mga Dabaoenyo,” Go said.

Go delivered the keynote speech at “Invest in DavOr 2018,” a whole-day gathering at Honey’s Hotel and Restaurant in Mati City, the capital of Davao Oriental today. The event is an investment forum designed to encourage investors to pour in resources and establish business in Davao Oriental. 

During the event, the province and its component city and ten municipalities pitched their respective investment priority areas to invited investors from Region 11 and Southeast Asian countries.

Go who aims to uplift the livelihood of Filipinos and give them easier access to government services as he runs for a seat in the Senate in the 2019 elections, also encouraged businessmen to invest in DavOr -- “a land of growth and opportunities.” He said that bringing in investments in the provinces should benefit the poorest of the poor. 

“Marami ang pwedeng gawin ng mga investors sa inyong mayamang probinsya.  Kaya patuloy lang ang paghihikayat na mag-invest dito sa DavOr. Tandaan lang na pangunahing layunin natin ay sa bawat pag-unlad ng ating mga pamayanan ay dapat kasabay ding nakakabenepisyo ang ating mga ordinaryong mamamayan,” Go said.

Go cited recent data saying that Davao Oriental is home to approximately 550,000 people and has a 1.59 percent annual growth rate. Its literacy rate is 96 percent, and its total labor force participation rate is 72.6 percent, making it a good source of competent workers for various industries.

“Through ‘Invest in DavOr 2018,’ probably at least five projects will be established, generating investments of P100 million and opening jobs for 1,000 people in two years,” said Jude Constantine Jaugan, the provincial director of the Department of Trade and Industry, which collaborated with the provincial government in organizing the event.

The city government of Mati and the Land Bank of the Philippines also contributed resources to the event.

Jaugan thanked Go for “motivating the partners in building teamwork to bring about change.” He also said that Go’s presence “provided the needed atmosphere and manifestation of support from national government.