Yearender – Davao: A city on the go

2012 was definitely a busy year for the business sector in Davao City with the rise of multi-storey structures and other similar developments, with the city creating its own niche as the next hub for high-rise infrastructures while it continues to enjoy its reputation as one of the most preferred investment destinations in the country.
Below are the top business stories in 2012 exemplifying the city’s vibrant economy reinforced by burgeoning business activities:
City exceeds target in biz permit renewal (January, 2012)
THE city’s Business Bureau recorded a total of 27,452 business permits that have been renewed as of the second week of January, higher than its target set for this year.
City launches SPNR (March, 2012)
To step up business registration in the country, the Philippine government has launched the Sole Proprietorship New Registration (SPNR) module of the Philippine Business Registry System (PBRS).
SM Lanang Premier opens (September, 2012)
THE “Who’s Who” of Davao mingled with members of the media and other VIPs when SM Lanang Premier opened its doors to the community a day before its official public opening on September 28.
The rise of Aeon Towers (2012)
In the midst of Davao City’s bustling domain of downtown Davao City will soon rise the first state-of-the-art mixed-use condominium that will surely bring Dabawenyos’ mode of living a notch higher.
Four more int’l BPO firms to locate in BPOs in Davao (April, 2012)
AN OFFICIAL of the Information and Communication Technology (ICT) Davao said four big multinational firms are planning to set up inbound and outbound call centers in the city within this year.
Real estate boom in city to continue (November, 2012)
THE Department of Trade and Industry (DTI) in Davao City expressed confidence that the city’s flourishing real estate industry will continue to prosper in the coming years.
Diversified banana raking in millions (January, 2012)
EXPORTING bananas is a lucrative business by itself. Yet, the AMS Employees Fresh Fruits Producers Cooperative or AMSEFFPCO does not just settle for this one venture.
Farmers fear collapse of country’s banana industry (February, 2012)
MORE and more banana farmers are convinced that the Philippine banana industry may not survive the slow but devastating effect of Panama wilt plant disease in the next five to ten years.
City agriculturist sees city as largest cacao producer (January, 2012)
City Agriculture Office (CAO) chief Leonardo Avila III is seeking to make Dauvao City the largest cacao bean producer in the country.
7 foreign firms want to buy Davao cocoa beans (February, 2012)
Seven foreign companies have signified interest to buy all cocoa beans produced in the entire Davao region.
Davao cacao farmers target export demand (April, 2012)
Davao Region cacao farmers are bent on filling the 100,000 tons of cacao demand needed by global chocolate leader Mars.
PCA sees P8 billion damage to coconut industry (December, 2012)
A top official of the Philippine Coconut Authority (PCA) estimates a total loss of P8 billion to the industry due to the devastation wrecked on it by Typhoon Pablo in the Davao region.
Davao banana players seek government help (December, 2012)
The Banana Growers and Exporters Association (PBGEA) has sought government intervention to help Southern Mindanao’s banana industry recover from the destruction brought about by typhoon Pablo.
Savemore Market to open March 15 (March, 2012)
THE Savemore Market had its grand opening in Bangkal last March 15 in time for the 75th Araw ng Dabaw celebration.
Professionalizing the real estate industry in Davao (June, 2012)
MANY have benefitted from the real estate boom in Davao City for years now. Sadly, there are some who do business in a way prohibited by the law. And so, professionalizing the career in real estate industry has become the primary thrust of Efren Soriano Reyes, a broker who says he practices ethical standards in his work.
Subdivision developers ready roadmap to 2030 (September, 2012)
THE Subdivision and Housing Developers Association (SHDA) is all set to launch the housing industry roadmap that will direct the industry’s vision from 2012 to 2030, an association officer said on Wednesday.
Coal-fired plants to boost Minda power supply (November, 2012)
After a month of preventive maintenance, the coal-fired power plants owned by the Steag State Power Inc. (SPI) are now fully operational, boosting Mindanao’s power supply, said a power firm executive.
CCTV ordinance approved (December, 2012)
THE Davao City Council on Tuesday passed on third and final reading an ordinance requiring business establishments to install closed-circuit television (CCTV) cameras.