Chinese investors remain upbeat in doing business in PH » Manila Bulletin Business



By Antonio Colina IV

DAVAO CITY – The level of interest of Chinese investors in doing business in the country remains “high” and upbeat as evidenced by the recent visit of a group of Chinese business leaders one week after the declaration of martial law in Mindanao.

Davao City Investment Promotions Center (DCIPIC) head Lemuel Ortonio said he recently met with a group of Chinese investors who are interested to put up accommodation facilities, parks, and other tourism facilities.

(Thomas Peter, Reuters / MANILA BULLETIN)

He claimed that the issue on martial law in Mindanao did not bother the prospective investors at all. In fact, he added, his office continues to get inquiries on the investment opportunities in Davao.

“I don’t think there will be much of an impact. It’s still normal in the first few days or even in the first few weeks. In the long run, I don’t think it will have an impact. We know the national government is doing its best to address the situation,” he said.

He added his office has not received reports of any investors cancelling their investments in the city.

He added the only concern his office received came from the leaders of the Information Communications Technology (ICT) industry who are wary of the “lockdown” and curfew because of their operations at night and some of their workers live outside of the city.

He said it was now clear to them that the lockdown was reduced to “hold and secure” with an accompanying 30-point guidelines to the Dabawenyos, He added that no curfew was implemented in the city

“We did not receive any information that they lost clients. We did not receive any reports of potential investors backing out in the city,” he said.

He said he is confident the city will be able to attain its target by end of 2017 because of the city’s diverse of opportunities to prospect investors.

He emphasized it’s safer in the city now due to the tighter security here.

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