A DAVAO City Councilor announced that an Australian firm is keen on advancing the Waste-to-Energy (WTE) project, which was previously halted after the Japan International Cooperation Agency (JICA) withdrew its support.
The Davao City Investment Promotion Center (DCIPC) reported a total capitalization of approximately P253 billion for all business establishments in the city in 2022, marking a decrease from the P275.53 billion recorded in 2021, according to data from the City Business Bureau. DCIPC registered P253,388,388,474.76 in capitalization for 2022. Of this, 59.96 percent originated from micro-enterprises, 21.32 percent from medium enterprises, 12.61 percent from small enterprises, and 6.08 percent from large enterprises. Business capitalization represents the initial investment required for a business to launch and encompasses enterprises that have obtained Business Bureau and City Mayor’s permits and are currently in operation.
To address or forestall any unreasonable increases in the prices of basic and essential goods and commodities in Davao City, the City Government reconstituted its Price Coordinating Council.