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Investments in ICT and mining very encouraging - MEDCO
« on: June 02, 2017, 11:14:03 AM »
Investments in ICT and mining very encouraging - MEDCO
Davao City (28 June) -- Investment prospects this year in ICT and mining sectors in Mindanao are encouraging.

According to Mindanao Economic and Development Council (Medco) report the investment climate is very positive with the entry of call centers in Mindanao during the remaining months of 2005.

It said more investments are expected in the ICT sector with the establishment of IT parks particularly in Region X.

The report also noted that G-Com Ltd. and Link2Support have increased investments in the services sector and have provided more job opportunities to Mindanao's IT-literate and English-speaking workforce.

Meanwhile the Medco report indicated optimism in the mining industry with the US$950 million-worth of investments pledge by China in redeveloping the Nonoc mining project in Surigao del Norte.
The mining industry is also seen as a potential player in 2005, the report noted. (PIA/pdb)

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