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 (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 »
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 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 (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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One Network Bank also known as ONB is set to open more branches this year which includes one branch in Makati, five in the Visayas area and four in Mindanao respectively.
As of April last year, One Network Bank operates a total of 75 branches making it the widest rural banking network in Mindanao. The company runs several branches in cities and municipalities in Mindanao including the underbanked areas or areas that have limited or no access to banking institutions. Read the rest of this entry »
The Davao City Business Bureau has recorded a total of 25,646 business permits for both new and renewal business registrations.
The business permit renewal has started in the first week of January and drew a high number of applicants. The Business Bureau has set up a one-stop shop at the SM Davao Event Center which makes it easy for the speedy processing of business permits.
The increase in number of applications and renewals is a positive indication of the growing business activities in Davao City. Among the strong industries in Davao are retail, merchandise and real estate.