The partnership was formalized through a Memorandum of Understanding (MOU) signed on November 13, 2026, by Davao City Mayor Sebastian Z. Duterte and Sannex Ventures (S) Pte. Ltd. chief executive officer Jay Michael Jaboneta.
Under the agreement, the city government, through the Davao City Investment Promotion Center (DCIPC), will pursue stronger economic ties with Singapore, encourage potential investors to explore opportunities in Davao City, and promote trade and business development.
The collaboration also aims to strengthen Davao City's position as a competitive investment and trade hub in Southeast Asia. BuyMaps
The partnership supports its broader economic development agenda, particularly in attracting investments, generating employment, stimulating economic growth, and improving the quality of life of Dabawenyos.
📸 Mayor Sebastian "Baste" Duterte
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