Cagayan de Oro City is the basin and a mix bowl of many other cultures. I can say that this because Cagayan de Oro is the heart of Northern Mindanao. Having the means of transportation like Shipping and Air Transport, many people meet in Cagayan de Oro. Trade and Commerce is the main business in Cagayan de Oro. Well known as the City of Golden Friendship, its people are truly really friendly and accommodating. It is in the culture of the City to accept visitors and accommodate them to its best accommodations and tourism. People at the city are like also other people in other cities in the Philippines. Usually people living in this city are well in their standard of living. Populations of Cagayan de Oro are composed of Pilipino Chinese, Cagayan Natives, Philippine Americans, Muslims, and less Indians. People around the Philippines also come and live in Cagayan de Oro. Standard of living here in Cagayan de Oro City is not that high compared to Metro Manila. People can still enjoy the nice clean air. Farmlands still exist and agriculture is still in development. Industries are developing. As the City grows to be a developing City, its income is also developing. Trading and commerce is the main livelihood of the people. People are good in their professional relations. Diversity among culture blend well to develop a positive relationship and outlook among people living in the city. Crimes are moderately less in the City. Investors are sprouting and businesses are made and grow. Relationship, connections and family are important and well preserved in Cagayan de Oro City. Still this city proving to be a "City of Golden Friendship"
Cagayan de Oro City is at its advantage. Having ship docks and ports, bus terminals, Domestic Airport, trade and
commerce is at its advantage in developing the economic situation in Cagayan de Oro City. 92 percent of the total
investment of Cagayan de Oro City is from infrastructure and services sector of the city. As of year 1997 the
city remarkably generated P16.522 billion in its investments. Year 1998, 2000 and 2001 when the Philippines
was affected by the Asian economic crisis, Cagayan experience a decreased in its economic investment but because
of the endorsement for the funding of the Mindanao International Container Port Project, the city pick its way up.
Investments of Cagayan de Oro was taken from various play leaders, firms and factories such as Nestlé Philippines,
Inc., Nestlé-Magnolia, Southern Industrial Gases, Cagayan Corn Products, CATIMCO Group of Companies, Coca Cola
Bottlers Philippines, Inc., and Pepsi Cola Philippines, Inc. These factories contribute to the investment increase
in the city. Aside from these factories business parks also exist to help Cagayan de Oro’s economic performance.
The first Cagayan de Oro Business Park, a project of MINERGY Systems Inc. and All Capital, also involves the
development of a 200-hectare area within the PHIVIDEC Industrial Estate.
Three other business parks are being programmed to be developed in the province:
» Laguindingan Industrial Park
» El Salvador Special Economic Zone
» Gingoog Special Economic Zone
Quality products are developed in Cagayan de Oro, thus this products are for export qualities.
Over the years, export performance in Cagayan de Oro relied largely on traditional products, the major ones of which are canned pineapple, fatty alcohol, sintered ore, crude coconut oil and dessicated coconut. Small scale businesses also emerge as economic assets. Internet cafes sprout all over Cagayan de Oro due to the need of networking among students and other businesses firms.
Cagayan de Oro also have night café’s at DV soria during Fridays and Saturdays. This helps promote the trade and commerce of the city and a chance for entrepreneurs to develop their market and give chance to small scale traders to earn income. Malls and other infrastructures are developing in the city. Limketkai Center is under huge renovation and investing in expanding its territory to provide more jobs and business outlets. SM is in Cagayan and Gaisano Mall. Now Cagayan is opening its doors for investors and new business venues. Its developing and its booming. Invest in Cagayan de Oro City, its nice to do business here.
Like any other developing cities here in the Philippines, developments of infrastructures are vast and is vital.
Cagayan de Oro City now has existing infrastructures that are as I can say established and stable. Cagayan offers
education to all of its inhabitants. There are many good Universities here in Cagayan de Oro that offered highly
good education. Xavier University, Mindanao University of Science and Technology, Capitol University and Liceo de
Cagayan University are the universities that are present in Cagayan de Oro. Cagayan de Oro welcomes students from
out of the country like Koreans who wants to study English. Many people and students come to Cagayan de Oro to study
and learn, from whole of Mindanao and in the whole Philippines.
Commercial buildings are also populating the city. These buildings offer business venue for investors and businessmen who want to do business in the city. Call Centers are putted up here in Cagayan like Link to Support and others. For the people to feel relaxed Malls are stranding straight and present at Cagayan de Oro City. 6 storey buildings of commercial centers made Cagayan a center of attraction in the whole Mindanao. Kagay-anons are fond of trading with the mixed culture of Chinese and Muslims, trade is at its best.
When there is trade, Cagayan is at its best because channels of transportation is present and is giving way for the city to earn in freights and transportation income. Factories and other industries well I can say Cagayan also have. When there is a chanced to be visited Cagayan prepares a vast numbers of accommodations for visitors and tourist. Hotels, Motels, and Inns are scattered around CDO City, so tourist and visitors are not in a problem inn coming here.
This past few years Cagayan is developing its housings for the people. Many developers of different subdivisions offer great places for the people to choose giving them to have it in a reasonable price. They provide proper settlement and protection to the people and makes Cagayan de Oro City a nice city to live at.
by: De Galicia, Jerome