Growth Rates of Major

Industries Q2 2020

1 Thursday, September 14, 2023 Confidential | © KONE Corporation

Mindanao market situation, Q2-Q3 2020
 DOWNSIDE
– meetings, incentives, conferences and exhibitions (MICE) in Davao, CDO, Gensan, and
Zamboanga were put to a halt, forced the hotels industry to temporarily shutdown
– Retail sales have seen 10 – 15% decline in household consumption of non-essential
commodities
 UPSIDE
– Townships continue to emerge in metro Davao and CDO
 One Lakeshore Drive (Megaworld), Davao Global Township (CLI), Pueblo de Oro (CDO)
– Gensan and Misor have continued spend on university construction
 UST – Gensan, USTP – Villanueva
– There’s no indication of slowdown of the government’s Build, Build, Build program with the ff.
major infrastructure still on track:
 Mindanao Rail Project (Phase 1)
 Davao Public Transport Modernization Project
2  New Zamboanga International Airport and M’lang (Central Mindanao Airport)
Thursday, September 14, 2023 Confidential | © KONE Corporation
Sources
 http://www.psa.gov.ph/infographics (Q2 2020 NAP Infographics_05August, 210PM)
 https://www.mindanews.com/business/2020/07/socssksargen-investments-php-1-93-b-in-q1-2019-php-69-m-in-q1-2020-due-to-
covid-19/
 https://newsinfo.inquirer.net/1287444/rebooting-mindanao-tourism

https://www.neda.gov.ph/wp-content/uploads/2020/03/NEDA_Addressing-the-Social-and-Economic-Impact-of-the-COVID-19-Pa
ndemic.pdf
 https://mindanaodailymirror.ph/Main/full_article/2020-gdp-growth-to-slide-due-to-covid-19-adb6607
 https://psa.gov.ph/content/construction-statistics-approved-building-permits-first-quarter-2020
 https://theaseanpost.com/article/covid-19-impacts-philippines
 https://en.wikipedia.org/wiki/Economic_impact_of_the_COVID-19_pandemic_in_the_Philippines
 https://www.up.edu.ph/covid-19-forecasts-in-the-philippines-post-ecq-report/
 https://www.cebulandmasters.com/project/davao-global-township/
 https://pueblodeoro.com/whats-new/pueblo-de-oro-gears-up-for-expansion/
 http://www.cdodev.com/2020/08/17/project-watch-ustp-villanueva-campus-masterplan-revealed/
 https://www.neda.gov.ph/wp-content/uploads/2020/03/Revised-List-of-Infrastructure-Flagship-Projects-as-of-2.17.2020.pdf
 https://www.bworldonline.com/davao-city-property-companies-see-project-delays-amid-lockdown/
 https://www.skyscrapercity.com/forums/mindanao.1788/
3 Thursday, September 14, 2023 Confidential | © KONE Corporation