Cagayan de Oro, one of top business-friendly cities in the Philippines

Business Friendly City in the Philippines

The first ever green residence in Cagayan de Oro


Here’s a Merry Christmas Insight for all of us in Cagayan de Oro.

The National Competitive Council (NCC) and the United States Agency for International Development (USAID) recently ranked the most business-friendly cities in the country and the results are very interesting. Based on a competitiveness index composed of 30 weighted indicators, it was Cagayan de Oro City in Misamis Oriental that came out on top, together with Iloilo City.

The results were presented by NCC private sector co-chairman Guillermo Luz at the Regional Competitiveness Summit held in Makati City on July this year. Aside from the competitiveness index used, the cities and municipalities were also ranked using three other factors: Economic Dynamism, Government Efficiency, and Infrastructure. Based on those three factors, Cagayan de Oro was also rated as one of the top cities in two out of the three categories: Government Efficiency and Infrastructure.

Other cities and municipalities in Mindanao were also mentioned in the top spots. These are Butuan City in Agusan del Norte, Koronadal in Soccksargen, and San Francisco, Agusan del Sur.

These recent findings only mean to say that the government’s efforts to realize the potentials of Mindanao are starting to bear fruit. Cagayan de Oro is now teeming with possibilities and opportunities not only for business but for real estate investments as well. Immense growth can be visibly seen in the past few years as businesses continue to thrive, infrastructures pop out everywhere, development sites are booming, and more and more people are attracted to the city either to visit or to permanently relocate.

Among the top class real estate developments in the city is the two 10-story towers constructed by the green energy company Italpinas. Primavera Residences is located at the heart of uptown Cagayan de Oro, in Pueblo de Oro Business Park, and it is the first ever eco-friendly and self-sustaining condominium building in the city.

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