Entrepreneur Magazine Philippines, a prominent business and economy magazine in the Philippines, dubbed Cagayan de Oro as one of the “Three Surprising Cities that are Best for Business” in the mag’s February 2015 issue.
Together with the cities of Iloilo and Naga, Cagayan de Oro has once again raised the bar for being cited as a city of good economy and an emerging business center.
Labelled as “The Speedster”, data show that business registration processing and business permit renewal could be done in less than an hour making Misamis Oriental’s highly urbanized city rake in almost 18,000 business registrations as of 2011. This success has brought in more tourists and investors in the city amounting to the total investment of P1.34 billion in 2014.
The consistent rise of Northern Mindanao’s economy fueled a remarkable upsurge of 94.4 percent in the region’s employment rate which can also be attributed to the consistent efforts of the city’s Public Employment Services Office (PESO).
In 2014, Cagayan de Oro made it to the top list of the Philippine’s most competitive cities with a score of 49.36 percent after Makati’s 53.24 percent.
“The city government and the private sector have a long standing partnership that has only grown stronger over time and we have worked hand-in-hand, enduring trials and enjoying triumphs together,” Eileen San Juan, the city’s local economic investment promotions officer, said.
She also said that Cagayan de Oro is primed to be strategic as the city aims to be the business, eco-tourism, agro-processing, and leisure hub in Mindanao.
In the wake of the devastating calamities that hit Cagayan de Oro in recent years, the city has bounced back and continued its positive growth. “Its relative peace and order situation provides a context of stability that will propel the city towards a significant role in the dynamics and challenges of tomorrow,” she concludes.
Primavera Residences, CdO’s first and only sustainable condo development, is internationally recognized and multi-awarded for its eco-friendly features. Located in Uptown Cagayan de Oro, the green building offers residential and office spaces for sale and for rent.
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