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.
FOLLOWING the successful Philippine Economic Briefing (PEB) abroad, the country s economic team will convene with local business and finance groups to address region-specific concerns and potential remedies.
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