FWD Life Philippines President and CEO Peter Grimes said that Cagayan de Oro City is emerging as the

economic and financial center of Mindanao due to the city's conducive peace and order condition, its
stable power supply, its readily available and well-trained human resource, government efficiency and
appropriate infrastructure.[50]

Cagayan de Oro is home of the multi-billion peso fuel import facility of Pilipinas Shell Petroleum
Corporation, dubbed as the North Mindanao Import Facility (NMIF).[51]

In 2018, during the 6th Regional Competitiveness Summit organized by the Department of Trade and
Industry, Cagayan de Oro was named as the country's “Top 5 Most Competitive City” in the highly
urbanized cities category, notching five ranks higher as compared to its overall ranking last year
outranking the country's top financial center, Makati, which ranked sixth.[52]

International hotel chain Tune Hotels along CM Recto Avenue

Big industries and homegrown industries

Cagayan de Oro is the home of multinational companies, like Del Monte, Nestle, Liwayway Marketing
Corporation (goes by a more well-known name, Oishi), Unipace Corporation (a multi-national company
carrying the Gaisano Group), Philip Morris Fortune Tobacco Inc. (PMFTC), Madison Shopping and
Supervalue, Inc. (runs all SM Malls and Savemore Supermarkets and also into heavy manufacturing and
distribution).

Bank industry

Cagayan de Oro, as the regional economic center of Northern Mindanao, houses the Cagayan de Oro
Branch of the Bangko Sentral ng Pilipinas (Central Bank of the Philippines). As of December 2019, at
least 143 banks are operating in the city.

Automobile industry

Cagayan de Oro has a wide variety of car brands like Toyota, Honda, Nissan, Isuzu, Mitsubishi, Suzuki,
Ford, Kia, Foton, Mazda, Chevrolet, BMW, Peugeot, Hyundai, Subaru, Chery, Jinbei, Tata, Hino and
Volkswagen have set up dealerships in the city. Most of the car showrooms are located along the Iligan-
Cagayan de Oro-Butuan Road.

MAN has their CDO showroom at nearby town of Opol. Monark Equipment has one-hectare equipment
yard in El Salvador, Misamis Oriental, which is just a 16-minute drive away from Cagayan de Oro.
Auto Hardware and car accessory stores for all types of cars and vehicles are abounding in Cagayan de
Oro. A long stretch of auto hardware stores for parts and supplies are located along Osmeňa Street.

Retail industry

See also: List of shopping malls in the Philippines § Northern Mindanao

Limketkai Center which has two shopping malls (Limketkai Mall & Robinsons CDO Mall) host many
flagship tenants which include two Robinsons Supermarket branches (on both malls: one inside
Limketkai Mall's South Concourse and another at the 2nd Floor of Robinsons CDO Mall), then there is
also Shopwise Supermarket at the East Concourse, another Robinsons Supermarket stand-alone branch
in Barangay Gusa, stand-alone department stores (Robinsons, SM, Gaisano and Ororama), two SM Malls
(one at SM City Uptown and then the SM2 Downtown Premier), Ayala Centrio Malls (which host flagship
tenants Rustan's Market & Robinsons Department Store), Gaisano City Malls, large grocery stores, 24-
hour convenience stores (30 outlets of 7-Eleven, several local stores of Chams and Grams, Mercury Drug
and Rose Pharmacy convenience stores) and two CityMall stores (one at Iponan and the other at Bulua,
opened in the last quarter of 2018), offering local and imported products. Stores owned by local,
national and foreign Chinese, Taiwanese, and Korean businessmen, are abounding in the city.