2022 DDOiCON eyes to generate P500-M investment leads in the coconut industry

This year’s Davao de Oro Investment Conference (DDOiCON) conducted by the Department of Trade and Industry (DTI) on October 25, 2022, at the Montevista Sports Complex aims to generate around P500 million in investment leads, particularly in the coconut industry.

DTI also targets to assist 60 investors and record P200 million in domestic sales.

Atty. Lucky Siegfred Balleque, DTI Provincial Director, said that DDOiCON is an avenue to promote potential key investment areas that can generate good income and open job opportunities for the people of Davao de Oro.

Aside from the coconut industry, the one-day plenary session also focuses on the poultry raising and logistics sector covering various topics, followed by market matching and a product showcase of DDO’s premier locally-produced and manufactured products of micro, small, and medium enterprises (MSMEs).

Balleque also expressed his gratitude for the fruitful discussion between the Consul General Achmad Djatmiko of the Republic of Indonesia and the commercial counselor in Beijing, China, for possible business ventures in the province.

Demy Calzadora, Federation Chairman of Compostela Coconut Production, expressed gratitude for the support given by the government from local, provincial, and national.

“Isip mga coconut farmers sa probinsya, dili nato ni ma-facilitate ma cope up ang mga nagkalain-laing produkto sa atong asosasyon without the prior nga tabang gikan sa DTI, PCA, ug lokal nga panggamhanan sa Davao de Oro”, Calzadora added.

More than 100 business leaders, investors, entrepreneurs, coconut farmers, and cooperatives/associations from across the region attend the DDOiCON to deliberate and showcase economic growth opportunities in the province.

Assistant Secretary of DTI Philippines Mary Jean Pacheco, DTI 11 Regional Director Maria Belenda Q. Ambi, Philippine Coconut Authority Division Chief William T. Moralta, and Provincial Investment Officer Lewis Jake Caiman were also present during the activity. (R. Hortizano, Photos by Jonie Cadiz)