Category Archives: Business

Surging Energy Demand Increases Investment Opportunities in Davao

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Davao Region and the rest of Mindanao is set to be the energy hub of the Philippines. With moves to transition to more renewable sources of energy, investment opportunities in Davao are sure to increase. This was the conclusion during the “Mindanao as the Energy Hub in the Country, Davao Region as the Corridor” Webinar of the Davao Investment Conference (Davao ICon 2021).

The “Mindanao as Energy Hub” webinar is part of Davao ICon’s year-long Innovation Series. It was hosted and moderated by John Carlo Tria. Tria is President of Mapalad Energy Generating Corporation and Vice President for Trade and Commerce. During the webinar, leaders and experts from the energy and environment sectors convened. The webinar featured a panel discussion on the potential of Mindanao as a hub that can supply the energy needs of the entire Philippines.

Investment Opportunities in Davao

The webinar opened with Davao ICon 2021 Chairperson Ricardo Lagdameo who shared the investment opportunities in Davao region.

Davao ICon discusses Investment Opportunities in Davao in light of transition to renewable energy sources

According to Lagdameo, “Investments in the Davao Region have become so robust and diverse over the years.” Lagdameo emphasized that investments in agri-business, manufacturing, tourism, real estate, and other industries have helped the Davao post consistently strong GRDP growth for the last decade.

Davao City Chamber of Commerce and Industry (DCCCI) President Dr. Maria Lourdes G. Monteverde delivered her welcome address in which, she put the spotlight on the Davao Investment Conference on November 2021. According to Dr. Monteverde, the conference will serve as “a great avenue for the business sector to come together and discuss issues that will immensely benefit the local economy.” The Davao Chamber promises to host a world-class international conference that will focus on the sectors of real estate, manufacturing, agriculture, and tourism, despite the challenges of the pandemic.

Shifting to Sustainable Energy

Aboitiz Power Chief Operating Officer of Distribution Utilities Anton Perdices highlighted the vast resources available in Mindanao. These resources make the island prime to become a key source of renewable and sustainable energy for the country. He stated that resources in the region give the advantage to Mindanao to lead the forefront for investments. Moreover, Mindanao’s power supply can support the growth various industries. 

Dr. Antonio Gabriel La Viña, Energy Collaboratory Director of the Manila Observatory was also present. He explained why the shift towards renewable energy is crucial to meet the nation’s commitment in addressing climate change. La Viña shares that The Philippines has voluntarily committed to a 75% reduction of greenhouse gas emissions by 2030. Hence, the new to transition to green energy is urgent.

ASec. Romeo Montenegro, Deputy Executive Director of the Mindanao Development Authority (Minda), pointed out the significance of prioritizing the goal of a 50% renewable energy mix by 2030. He shares that the traansition to renewable energy is policy-driven.

Importance of Investments in Davao

President & Chief Operating Officer of Davao Light & Power Company Engr. Rodger S. Velasco recognizes the need for investments in the Davao. Major industries in the region continue to expand and develop. According to Velasco, “I see the potential in investing in Davao for manufacturing.”

The webinar closed with Davao ICon 2021 Co-Chairperson Nicole Bian-Ledesma’s remarks. Bian-Ledesma shares that new energy infrastructures will definitely open doors to many industries in Davao. She mentioned the investments opportunities in Davao are likely to increase, particularly in tourism, real estate, agribusiness, and manufacturing.

The upcoming Davao Investment Conference slated for November 11 and 12 will focus on these industries. And hope to bring more investments to the region.

The Innovation Series of Davao ICon will continue with two more webinars that tackle the Mindanao market and the future of logistics. Follow the Davao ICon FB page at fb.com/davaochamber to find out how you can join these upcoming events.

Follow us on social media for more information and news about Davao. Our Facebook Page is at http://www.facebook.com/MyDavaoCity. We are @MyDavaoCity on Instagram and @MyDavaoCity on Twitter.

Note: This article is based from PR materials sent to our Team. If you or your brand has presence and engagement in Davao, feel free to send us your press release and media advisories via email. Our email address is mydavaocity@gmail.com.

BDO Cash Agad Serves Mindanao

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Need cash ASAP? BDO Cash Agad Mindanao outlets are now open to serve you. Withdraw cash, receive remittances, and more.

There are numerous Davao Cash Agad Davao agents ready to help residents and businesses stay afloat during these trying times.

BDO Cash Agad

Cash Agad operates in far-flung and semi-urban communities for several years now. Through BDO Cash Agad, money transactions are more accessible. You can make cash withdrawals and receive remittances and government cash subsidies. Balance inquiries are also possible. As well as access to calamity funds and loan releases.

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Holcim Supports Mindanao Recovery

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Holcim Philippines, Inc. shared the company’s commitment to support the development of Mindanao. Holcim Mindanao recovery efforts highlight the company’s strengths in health and safety and commercial innovation.

The leading cement manufacturer held a virtual media briefing with the Mindanao Development Authority (MinDA) on September 02, 2020. Holcim presented their comprehensive Health, Cash, and Cost framework. Holcim Philippines Senior Vice President and Chief Finance Officer Jena Rojas provided an overview of the framework.

MinDA Assistant Secretary Romeo Montenegro, as well as representatives from the Department of Public Works and Highways (DPWH) Region XI and XII offices were also present.

Holcim’s Mindanao Recovery Framework

According to Rojas, “Our company responded quickly and effectively to the challenging situation and we remain confident in bouncing back and sustaining our commitment to support our partners. Our response is focused on three areas: Health, Cash and Cost.”

The Holcim Mindanao Recovery Framework focuses priority on keeping their employees healthy and safe.

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URCommunity Mart in Davao

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Universal Robina Corporation (URC) continues to reach out to communities to bring their well-loved products in the safest ways possible. They have brought their quality food products through the URCommunity Mart. And they visited Davao this week.

About URCommunity Mart

URC uses their food trucks to bring their food products more accessible to Flipinos around the country. The roving store, called, URCommunity Mart, helps Filipino shop better and safer.

Consumers can purchase bundle packs of household food essentials from the store.

URCommunity Mart Bundle
Affordable food bundles from the URCommunity Mart.

These include Great Taste Coffee, Payless Instant Noodles, and Magic Flakes. Delicious favorite snack time treats are also available. Kids (and adults) can buy their favorite Cream-O cookies, Cloud 9, and C2. Plus, all-time favorite Filipino chichirya Chippy, Mr Chips, and other Jack n Jill chips.

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Coca-Cola Donates 200 Computers

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Coca-Cola Beverages Philippines, Inc. (CCBPI) has intensified its People First policy in the midst of the pandemic. They continue to support their associates and the communities they serve. Recently, a Coca-Cola donation of 200 computer units was distributed to their rank-and-file employees.

Coca-Cola Donation to employee
Alberto Escalera a Delivery Service Representative receives a personal computer (PC) from CCBPI. Photo provided by CCBPI.

CCBPI hopes the computer units will serve as valuable tools for families struggling to facilitate distance learning for their children. Recipient Coca-Cola associates were chosen based on criteria such as employee attendance and performance. The number of their dependents – such as siblings or children – attending virtual classes was also taken into consideration. 

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Emcor Mobile App Launch

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If you grew up in Davao City, you have probably been to Emcor. It was and remains to be one of the most trusted appliance stores in Davao. Over the years, they have branched outside of Davao and they have grown by leaps and bounds. This year, they continue to be an innovator as they launch the Emcor Mobile App.

Emcor was established in 1953. Originally, the sold heavy equipment and was named the Engineering and Machinery Corporation. In short, Emcor. Over the years, the business has evolved into the retail of home appliances but they have retained the acronym Emcor.

Today, Emcor is not just in Davao City. Emcor has 128 stores all over Mindanao, Visayas, and Palawan. They operate with a corporate mission of providing service excellence to their customers. The company continues to offer quality products and innovative services with their tagline “Bringing Comfort to You and Your Home.”

Emcor Mobile App

On March 15, 2019, Emcor launched the Emcor Mobile App to bring their products and services even more accessible to their customers.

Emcor App on the Google Play Store
Emcor Mobile App available on the Google Play Store.

The Emcor App brings the Emcor catalogue near you, whereever you may be. You can browse their list of products: home appliances, motorcycles, audio and video equipment, furniture, and more. Via the app, users will be updated of sales and special promos. Available installment plans are also accessible via the Emcor App.

The Emcor Mobile App is available for Android smartphone users via the Google Play Store. Click on this link to download.

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