NDC To Invest ₱40-M In Davao Biotech Firm

The National Development Company (NDC), the investment arm of the Department of Trade and Industry (DTI), announced its co-investment partnership with a Davao-based biotech firm for waste management and food production initiatives.

NDC Assistant General Manager Leopoldo Acot said that “NDC will be investing ₱40 million via an investment agreement” with Davao Thermo Biotech Corp (DTBC). I Photo: Davao Thermo Biotech Corp.

NDC Assistant General Manager Leopoldo Acot said that “NDC will be investing ₱40 million via an investment agreement” with Davao Thermo Biotech Corp (DTBC) at a key investment event in Davao.

“DTBC would be the type of projects that fit NDC's forward-thinking investment mindset because of the environmental impact it has, that goes beyond a pure profit motive,” Acot said.

He added that the investment is grounded on NDC’s investment priorities in eight areas, such as health, food supply chain, climate change mitigation, water, construction, education, connectivity, and technology innovation.

The project, according to Acot, also aligns with the Philippine Development Plan's (PDP) priority goals, aiming to modernize agriculture and agribusiness, revitalize industry, and accelerate climate action and disaster resilience.

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