Source: MindaNews, 4 January 2012

By Mindanews

DAVAO CITY (MindaNews/3 Jan) – The city government is planning to initiate an investment roadshow in Manila by the second quarter of the year with the top executives under the Management Association of the Philippines (MAP) as a way to promote the city for prospective investors.

Jason C. Magnaye, officer-in-charge of the Davao City Investment and Promotion Center, said on Monday in the weekly press forum at Café Rysus in SM City Davao that instead of conducting the roadshow locally, it would be best to bring it in Manila where most of the investors are located.

“We aimed to gather them in one sitting where we can sell Davao,” he said.

The website of the association stated that MAP is an organization of management educators and top executives from the largest local and multinational companies. It consists of 749 members, including government officials.

The city government targeted to gain at least 10 out of the association’s members to fully invest in the city during the investment roadshow. It would be both investment conference and roadshow.

The city also intends to showcase the Public-Private Partnership (PPP) ordinance if it finally passes in the city council prior to the conduct of the roadshow. The proposal is currently being finalized by the city council’s committee on trade and industry.

The draft of the measure cited that it would provide basic guidelines for the implementation of the PPP project at the local level. It will be consistent to the implementing rules and regulations of the Build-Operate-Transfer law.

“Hopefully, the proposed PPP ordinance will be ready before the conduct of the roadshow,” he said. (MindaNews)