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How Would You Describe Your City?
How Would You Describe Your City?
How Would You Describe Your City?
The city is also nicknamed the "Durian Capital of the Philippines” because it serves as the largest local
economy in southern Philippines by importing durian fruit in local and international. Agriculture remains the
largest economic sector comprising banana, pineapple, coffee and coconut plantations in the city. It is the
island's leading exporter of fruits such as mangoes, pomeloes, bananas, coconut products, pineapples, papayas,
mangosteens and cacao.
The chocolate industry is the newest development in the city. Malagos Chocolate, developed here by
Malagos Agriventures Corp., is now the country's leading artisan chocolate recognized worldwide. On the other
hand, Seed Core Enterprises is the country's biggest exporter of cacao to Barry Callebaut. Durian which is
locally grown and harvested in the city, is also a notable export, although banana is the largest fruit export in the
city. Local corporations like Lorenzo Group, Anflo Group, AMS Group, Sarangani Agricultural Corp. and
Vizcaya Plantations Inc. have operations and headquarters here. Multinational companies like Dole,
Sumifru/Sumitomo and Del Monte have their regional headquarters here also. The Davao Gulf provides
livelihood for many fishermen. Some of the fish products include yellow fin tuna, brackish water milkfish,
mudfish, shrimp and crab. Most of the fish catches are discharged in the fishing port in Barangay Toril, which
are then sold in the numerous markets within the city.
3. WHAT MAKES YOUR CITY A GLOBAL CITY?
Davao is part of the East Asian Growth Area, a regional economic-cooperation initiative in Southeast
Asia. In 2011, Davao City ranked 87th among the world's fastest-growing cities by the City Mayors Foundation,
based in London and Freiburg, Germany. According to the foundation, the city has a projected average annual
growth of 2.53 percent over a 15-year period; Davao was the only Philippine city to reach the top 100. Davao,
playing the role as the country's fruit basket, is a leading national producer as well as the island's leading
exporter of fruits such as mangoes, pomeloes, bananas, coconut products,
The city also serves as the main trade, commerce, and industry hub of Mindanao and is also one of the
financial hubs of Mindanao. Phoenix Petroleum is a multinational oil company based in Davao City and is the
first company in the Philippines-based outside Metro Manila to be in the PSE Composite Index. Several
industrial plants such as those of Coca-Cola Bottlers, Phil., Pepsi-Cola Products, Phil., Inter bev Phil Inc. and
RC Cola Phil., companies are located in the city. There is also a number of fruit packaging-exporting facilities,
and food manufacturing plants as well as industrial construction plants such as Holcim Philippines, Union
Galvasteel Corporation, and Steel Asia. The Steel Asia plant is now the largest and most modern steel rolling
mill production facility in the country, completed in December 2014 and was purposely built to increase the
national steel production and to reduce the construction costs in Mindanao.