More than P400-M new investments get tax incentives in Davao City

September 21, 2010

DCIPC officer-in-charge Jason Magnaye during the Davao Business Forum at the MediSpa, SM City Davao

The newest investments in Davao City valued at P441 million that passed through the Davao City Investments and Promotion Center (DCIPC) gets exemption of paying mayor’s permit and fees.DCIPC officer-in-charge Jason Magnaye said this is on top of the approved investments during the first semester amounting to P612 million.

He said they need to work hard in order to meet their target of P1.9 billion this year.

The recent approved investment is still in line with real estate where one is a subdivision project worth P119 million and the other, a commercial building for mixed use with investments at P322 million.

Magnaye also said that the earlier investments consist of two projects on real estate, one in tourism while the other in agri-business.

In the pipeline are on real estate and commercial buildings, he said.

Meanwhile, he said majority of the investments in Davao City for the past several years are in line with real property development.

He said for the past three years, projects in the city were dominated by property development getting a share of 83 percent of the total investments.

He cited that since DCIPC started in 1995, property development got the biggest chunk as it cornered 61 percent of the total investments.

On the other hand, Magnaye is optimistic of hitting their target as they incorporate service marketing in finding new investors.

Davao City Mayor Sara Duterte-Carpio also goes out of her way in meeting with prospective investors and personally discussed with them what the city can offer.

He said the mayor also conducts personal visits to and assessments of existing projects of interested investors like in Manila in order to see for herself their projects.

Magnaye cited for instance that the Mayor led a small team to conduct ocular visit to the World Trade Center (WTC) in Manila as she is interested that a developer would invest in convention center here.

Although he stressed that they cannot dictate on the kind of investments he said perhaps they could influence.

A team from WTC composed of some senior officials will be coming to Davao City by end of September to check on the city’s investment area.

“The fact that a senior official is coming over would indicate that they are interested,” he said.

Magnaye said they double up in finishing their inventory and data as to real property investments as these comprise of the common data that investors ask. The other basic data as to infrastructure and other related information are also being readied by their office, he said.

He said a series of review and assessment are being made by them to ensure that investors get relevant and appropriate data as this will help them decide in locating here.

He also said they will continue to improve on their services and reach out to other sectors as they align with the development direction of the city. (PNA)
DCT/DDB/lvp

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SM to open two more malls in Mindanao next year

July 26, 2010

SM will open its second mall in Davao City and one in General Santos City next year, according to Glenn D. Ang, SM Supermalls vice president for operations.Ang said with the coming in of two malls in the island, Mindanao will have four SM malls by 2011.

He said by the third quarter of 2011 these malls will start to operate and will be bringing in to Davao City the first hypermarket in the island.

He said General Santos City mall will have the same concept with the rest of the malls.

SM has an existing mall at Ecoland, Matina in Davao City and in Cagayan de Oro City.

Meanwhile, Ang said their existing 37 malls will have an addition of five this year, making the total number 42 by end of 2010.

He said every year, five new ones are added and more areas are in the plan.

Ang also said they want to establish call centers in the near future. “It is management direction to have a business process outsource (BPO) in every mall,” he said.

Likewise, Ang said their succeeding malls will adopt the Green Building scheme and one will be up by July of 2012.

Although he did not give details, he said this will follow green architectural designs, green landscape and environment-friendly facilities.

But he said their malls system-wide are now environment friendly as they adopt the use of less energy types of lamps and waterless urinals and the re-use of water for their cooling facilities.

“SM has a strong advocacy for the protection of the environment,” he said.

Ang also said part of their expansion program is the opening of SaveMore Stores and by end of 2011, this type of store will number about 200 nationwide.

Ang was in Davao City for the formal opening of the 11th Global Pinoy Center (GPC) at SM City here. The center at SM City Iloilo was also launched on the same day.(PNA)
LAP/PDB/lvp


Today’s news — Revised zoning ordinance

October 20, 2008

Davao City is expected to have its revised Zoning Ordinance by the first quarter of 2009.

This was said by Majority Floor Leader Councilor Danilo Dayanghirang during the Kapehan sa Dabaw at SM City who also added that the Committee on Housing headed by Councilor Arnulfo Cabling and City Planning Head Engr. Ma. Luis Jacinto still have to come up with a decision on the complaint filed by Ma-a residents against real property developers Villar and Consunje who owns the high-end properties in the area.

The issue, he said was due to the complaint about development in the area which the residents said is without permit.

He said the ordinance already went to several adjustments and it is high time for the ordinance be reviewed.

Davao City‘s revised zoning ordinance was passed in 1996 and enacted in 2002. The zoning code regulates the use of the city’s land resources in the implementation of the Comprehensive Development Plan of Davao City. It is supposed to be updated every five years.

The updating of the Comprehensive Development Plan and Zonification Ordinance of Davao City is actually a priority project of the 15th City Council (2007-2008).

The purposes of the Revised Zoning Ordinance of 1996 capture this need for balance: to guide, control and regulate future growth and development of Davao City in accordance with its Comprehensive Development Plan; and to promote and protect the environment, health, sanitation, safety, peace, comfort, convenience and general welfare of the inhabitants in the locality.

Meanwhile Councilor Pilar Braga said that they deemed it proper that before development permit is granted they should get a clearance from the traffic management.

She said in the case of property development like malls, traffic plans are already done before the construction of the mall kaya late na. “We will review also the traffic ordinance,” she sai