Davao City approves incentives for P48.9 billion in investments
The city's investment promotions office has cleared incentives for a batch of projects led by the expansion of the Therma South power plant.
The Davao City government has approved incentives for investments worth P48.9 billion, according to the Philippine Information Agency (PIA).
The approval was made through the Davao City Investment and Promotions Center (DCIPC), the city office that handles investment promotion, PIA reported.
The largest project in the approved batch is the expansion of the Therma South Incorporated power plant, PIA said. The source material available to DavaoNews did not list the other projects in the batch, the specific incentives granted, or when the approvals took effect.
Why it matters for Davao
The approvals cover nearly P49 billion in investments in Davao City, with a power plant expansion as the largest project in the batch.
This article was written by the DavaoNews desk with AI assistance, using reporting by Philippine Information Agency. Facts come from the original report, which we credit and link below. Our editorial policy
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