Recent Articles

Spanish delegation to explore business opportunities in Davao

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Category: Business Posted: Saturday, October 15th, 2016

A Spanish delegation which will consist of 20 to 50 businessmen will be coming to Davao to explore business opportunities.

This is according to the Philippine-Spanish Business Council.

The business mission will take place on November 25 to 27 this year.

Among the potential business ventures are in the agribusiness and infrastructure sectors.

Sta. Lucia to build condotel in Davao

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Category: Business Posted: Monday, June 23rd, 2014

Sta Lucia Land, one of the largest real estate property developer in the country unveils a new condotel in its township in Davao.

The project involves the construction of a 15-storey building located in its Davao Riverfront Corporate City Complex and will be first condo project of Sta. Lucia in the city. Read the rest of this entry »

Davao City to Hold First Investment Conference

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Category: Business Posted: Thursday, August 11th, 2011

The Davao City Chamber of Commerce and Industry Inc. will be conducting the first ever Davao Investment Conference or Davao iCon on August 19 to 20, 2011 at the Marco Polo Hotel Davao.

The conference is aimed to bring together businessmen and industry experts to unified discussions on the priority investment areas of Davao. Investors will get a glimpse on the different investment opportunities waiting for them during the event. Read the rest of this entry »

One Network Bank Builds Headquarters

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Category: Business Posted: Tuesday, July 5th, 2011

One Network Bank (ONB), the widest banking network in Mindanao is building its headquarters in Davao signifying another milestone for the company’s continued success.

The new bank headquarters will have seven floors and will feature modern training facilities. Once completed, it will be the new home of more than 300 ONB employees. The building is being constructed by D.M. Consunji Inc. (DMCI), one of the largest real estate developers in the country. The company placed the total project estimated cost at Php 200 million. Read the rest of this entry »

Various Investments Eyed for Davao City

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Category: Business Posted: Sunday, July 3rd, 2011

There are several foreign investors that are currently looking at Davao City for possible investments according to the Davao City Chamber of Commerce and Industry Incorporated or DCCII. This positive news came after the group participated in the 7th World Chambers Congress in Mexico City last June this year.

Davao City Chamber of Commerce and Industries Inc. (DCCCII), Davao City Government and the Department of Trade and Industry are also gearing up for the first investment conference in August that aims to promote Davao City’s potential investment areas. The first investment conference already earned support by many foreign nationals residing in Davao. In the same development, DCCCII is already preparing the proposal for the first Asian ferryboat project that aims to connect Davao City with Singapore with the participation of both local and foreign investors. Read the rest of this entry »

CJ Toyota Tsusho Philippines Produces Sweetener Out of Coconut Shells

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Category: Business Posted: Monday, June 27th, 2011

CJ Toyota Tsusho Philippines is producing a natural sweetener derived from coconut shells. The company used a Korean technology to extract xylose to produce xylitolis from coconut shells and said to be the very first in the world.

Xylose is a natural carbon sugar which is present in plant cell walls and coconut shell fiber. Aside from coconut shells, xylose can also be found in the fibers of many fruits and vegetables like oats, mushrooms, corn and raspberries. It is toxin-free and safe for human consumption. Read the rest of this entry »

One Network Bank Posts Growth in Deposits

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Category: Business Posted: Monday, May 9th, 2011

One Network Bank office

Proposed One Network Bank headquarters


One Network Bank (ONB), the Mindanao’s largest rural bank has recorded a 36 percent increase in deposits during the first four months of 2011. According to the latest financial report of the ONB, the amount of deposits rose to Php 9.8 billion higher than last year’s period at Php 7.2 billion.

One Network Bank President Alex B. Buenaventura stated that ONB offers a higher interest rate on time deposits compared with commercial banks. The high deposit volume enable ONB to grow its total resources to Php 12.1 billion, or 33 percent higher than the Php 9.116 billion registered with the same period last year. ONB also recorded a better performance in its loans department.
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