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Davao Case Study

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Investors
Safety, peace and order are among the requisities for a country or a place to be attractive for investors, foreign and local. The proclamation of military law in Mindanao will have an effect on the feeling of foreign financial specialists with respect to the Philippines, as indicated by the European Chamber of Commerce of the Philippines, particularly on the off chance that it takes long to settle the 4 month-long conflict in Marawi City. (Cordero, 2017)
Vicente Lao, Chairman of Mindanao Business Council said on an interview that the ongoing conflict between the government forces and the Maute group has an effect on the investor’s confidence in Mindanao. The ongoing Marawi crisis discourages potential investors who has less …show more content…

Foreign and local tourism in Mindanao had already an impact to the tourism in Mindanao because of the foreign travel warnings and advisories that were issued by countries such as the United Kingdom, Canada and United States of America. Domestic travel going to some places in Mindanao were partially reduced. Carriers as of now have scratched off and lessened flights to flights in Mindanao. Travel and Tourism represents 20 percent of our Gross Domestic Product (GDP). Mindanao takes 5 percent or P150 billion of the P3 trillion commitment of Travel and Tourism. The entire of Mindanao likewise represents 10 percent of our economy, with horticultural generation and fares of agri items taking noticeable quality. This is a P1.4 trillion part to our yearly GDP which might be in danger if the war in Marawi is not contained and settled soon enough. (Almendras, 2017) In fact, the former chairman of the Mindanao Business Council (MBC), Joji Ilagan-Bian, admitted the fact that the war on Marawi City will have an effect on business sector and tourism of Mindanao. (Cigaral, 2017) Davao will surely be affected as it is one of the places in the Philippines which is promoted by the Department of Tourism. Amidst the ongoing conflict in Marawi, the Department of Tourism would double

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