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Davao City, Philippines

P100M in revenues eyed in DATE 2019

September 26, 2019 - Thursday 9:09 AM by Judy Quiros

Article Banner Image TRADE EXPO. DCCCII executive vice president John Tria (left) expresses optimism for a successful Davao Trade Expo this year. At right is DATE 2019 chairperson Val Turtur, who expects the event to generate an estimated P100 million in revenues. JUDY QUIROS

DAVAO CITY -- The Davao Trade Expo (DATE) 2019 is expected to generate P100 million pesos in business sales and engagements which is more than double the P40 million in revenues raked in last year, according to DATE 2019 chairperson Val Turtur.

DATE 2019, a major annual business activity of the Davao City Chamber of Commerce and Industry (DCCCII) opened Thursday (September 26) at SMX Convention Center and will run up to September 28.

Speaking at Wednesday’s Habi at Kape, Turtur said the 100 booths for exhibitors are 100 percent sold out as DCCCII continues to receive more inquiries from interested business groups.

“The prospect is P100 million revenues because this is a bigger event with exhibitors to showcase not only Mindanao’s crops but also the island’s livestock to aquaculture. It’s forest to sea,” he said.

DCCCII executive vice president John Tria, who was also present at the forum, said DATE 2019 is all- encompassing with all Mindanao major commodities from agriculture to marine life being showcased.

He said he expects revenues will be much bigger than in last year’s DATE expo.

“We expect this year’s DATE sales will be more than double from last year’s growth sales,” he said.

This year, DATE is participated in by more than 90 local and international companies which include Cargill Philippines, and Hyundai Trucks and Buses-Davao as its biggest sponsors.

Turtur said some of the participating business groups will be from China, South Korea, Indonesia, USA, Europe, Papua New Guinea, and Belgium, among others. This is in addition to the major business companies in Mindanao’s provinces and nearby cities including Cagayan, Butuan, Caraga Region, Zamboanga and all Mindanao provinces.

The wide scope of participation is expected to result to estimated 8,000 to 10,000 foot traffic, Tria said.

As usual, the business event will provide business seminars and lectures about among others, aquaculture and agri-fishery, mushroom production, potential of dairy products, etc.

The issue on the prevailing African Swine Fever (ASF) will also be tackled.

Turtur said the ASF scare did not dampen the interest of the agriculture sector to participate in the trade exposition.

A business matching will also be conducted among various investors which is expected to result to future business partnerships.

Turtur said DATE 2019 is expected to come up with various resolutions to be submitted to the national government to be topped by the ASF concern, the ban on single plastic use, and making cooperatives as conduit to credit access with the Land Bank of the Philippines.

Mayor Sara Duterte opened the event together with Senate Committee on Agriculture chairperson Cynthia Villar, Agriculture Undersecretary Arturo Boncato and Mindanao Development Authority chairman Secretary Emmanuel Pinol. 
 

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