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Philippine Business Magazine: Volume 11 No. 2 - Geographics

Mindanao's Golden City

Cagayan De Oro City is Northern Mindanao’s catalyst for regional development

By Maricar T. Manuzon

If one is to go by travel advisories, then Mindanao is by no means an attractive destination. But to one who has actually been there, it will be nothing short of naivete to make such a sweeping generalization of the state of this vast area which comprises, alongside Luzon and Visayas, the Philippine archipelago.

Cagayan de Oro city-at-a-glance

Though Mindanao has made the news headlines here and abroad for the Abu Sayyaf kidnappings and other local insurgencies, most of its provinces are actually sites of tranquility and progress, where local inhabitants and foreign visitors peacefully go about their daily business.

Night Café


Cagayan de Oro would not be a city without the night life which popularly delineates an urban area from a rural one. De Oro has its own version of Singapore’s street restaurants, or Roxas Boulevard’s sidewalk eateries. Along Valencia Street, fronting Xavier University, are rows of stalls selling barbecues and other food items, as well as alcoholic and non-alcoholic beverages. Practically every night, the street becomes a gathering place for young and old people alike who find the place a fit venue for light to heavy fares, and games of cards and checkers.

Dubbed as Night Café, the existence of such a place since its opening in December last year, however, is constantly being attacked by local mediamen as it supposedly promotes unfit pastimes and vices in a place so close to the city’s biggest academic grounds. But, a fun place is a fun place for the fun-loving Cagayanons.

For the more serious diners, there are first-class restaurants like the Cagayan-on Restaurant which serves seafood favorites such as lobsters, squids, and oysters, as well as grilled ostrich meat and other native cuisines. The city also has a thriving café lifestyle headlined by the Cebu-based Bo’s Coffee.

Cagayan de Oro City (CDO) is one outstanding example of a peaceful and progressive place in Northern Mindanao – top that with a year-round typhoon free climate. It is actually known as the “City of Golden Friendship.” And the whole of Northern Mindanao (Region 10) is counting on it to be the region’s catalyst for development, as it is fast evolving into the most promising economic center, tourist destination, and convention center in Southern Philippines.

CDO is the provincial capital of Misamis Oriental. An hour-and-a-half plane ride from Metro Manila, and a 35-minute plane trip from Davao City, it serves as the main entry point to Northern Mindanao, and the jump-off point for excursions in Camiguin Island, Bukidnon, and Marawi City.

Cagayan De Oro’s name was derived from the word cagaiang, the name given by the Spanish colonizers to the settlement’s river because of its close similarity to the Cagayan River in Cagayan Valley in Luzon. When the Spanish colonizers found gold in the riverbeds of Cagayan in the mid-16th century, the words “de Oro,” meaning ‘golden’ were attached to its name.

Economic Center

With its low-cost and reliable energy source, ample air and sea ports, modern road networks, and rich reservoir of quality human resources conversant in both English and Tagalog – a factor of the city’s large middle income group and high literacy rate – it is no surprise that Cagayan De Oro is host to a robust manufacturing sector comprised of multinationals, as well as major local companies.

Known old-timers in the city are Nestle Philippines, which manufactures milk and chocolate products; Del Monte Philippines (pineapple, ketchup, and tomato products), Republic Biscuits Company/ REBISCO (food processing), Swift Foods, Inc. (food processing), and Zuellig Pharma (product distribution).

Traveler’s treasure
by Nonette C. Climaco

When big name personalities need to spend a night or two in Cagayan de Oro City, they all stay in Pryce Plaza Hotel. Our group was, therefore, not surprised to bump into one presidential candidate when we visited the city at the heat of the campaign period in March 2004. We were told that other presidential candidates were in the hotel just recently.

Why not? Pryce Plaza is ideally located on top of Carmen Hill which gives visitors a vantage point of the city below and the dramatic mountain ranges beyond. For the three nights that we retreated to our rooms following a hectic day, we never tired of gazing at the lively lights from the city. Most of the hotel’s 81 guest rooms and suites provide this wonderful scene.

We also had a splendid view of the city while having breakfast at the hotel’s Café Cagayan with its trademark cathedral windows.

Visitors are sure not to miss their flights since Pryce Plaza is only a leisurely 15-minute drive to the Lumbia Airport. We experienced the hotel staff’s hospitality when they arranged for our transfer to the airport – at a minute’s notice. Add to this their personal touch of packing our pasalubong of Del Monte steaks and tuna bellies and storing them in their freezers, preserved for the day we fly back to Manila.

Premiere Convention Hotel
Pryce Plaza’s 806-square meter Grand Mindanao Ballroom can accommodate up to 1,500 people and is unsurpassed not only in Cagayan de Oro City, but the whole of Northern Mindanao. There are function rooms that are best suited for smaller meetings and events. All these rooms are equipped with the latest technology in visual and lighting facilities.

Not only does Pryce Plaza offer world-class convention, meeting, and exhibition facilities, it also provides a relaxing atmosphere that is evidently lacking in most urban hotels. This comes from the lush greenery and the stillness of Pryce Plaza’s surroundings – something that a tired traveler would always treasure.

For reservations and inquiries, please contact Pryce Plaza – Manila Office at (632) 899-9430, e-mail pryce@info.com.ph or visit www.pryceplaza.com.ph

CDO’s neighboring town of Tagoloan, meantime, is host to the 3,000-hectare PHIVIDEC Industrial Estate in Misamis Oriental (PIE-MO), one of the biggest in the country. It has 71 investors with 24 manufacturing firms engaged in diverse industries like steel manufacturing, food processing, and other industries. Some of the industrial estate’s locators are LimKetKai Manufacturing (food processing), TLC Beatrice Foods (food processing), SMC Beverage Packaging Specialist, Inc. (PET containers), and Philippine Sinter Corp. (steel and ore).

CDO has been home to Mindanao International Container Terminal (MICT), the most modern container port outside Metro Manila. In 2002, the port registered a total shipping cargo tonnage of 14.3 million metric tons, twice Davao’s shipping volume of 7.2 million metric tons.

The establishment of the P3.24 billion, 85 percent-JBIC (Japan Bank of International Cooperation) funded Mindanao Container Terminal Port (MCTP) at PHIVIDEC will further improve Region 10’s access to international markets. With the MCTP project set for commercial operations within the first half of this year, transport costs in Bukidnon and the rest of Mindanao will be reduced, as its strategic location offers traders and producers the most cost-efficient transit between Mindanao and the Visayas and Luzon, as well as major foreign markets like USA, Japan, and Europe.

One-of-a-kind Township

To cite one more example of the city’s progress, there is Pueblo De Oro – a 360-hectare property for mixed use development located between the airport and city proper. Its development started in 1995. Pueblo is a township project masterplanned by Louis Berger International, where no less than SM mall and Xavier Secondary and Elementary Schools are priced tenants. It is also the future site for Church and Residence of the Archbishop of Mindanao.

More importantly, it also features joint-venture subdivision projects covering basically all the economic classes from A to E. And, of course, it is also, first and foremost, a golf estate – starring an 18-hole, all-weather championship golf course designed by Robert Trent Jones II, and ranked as the country’s fourth best course by Golfing Philippines.

A consummation of Pueblo de Oro’s progressive development into a compleat township would be the creation of an IT hub within the business and commercial area of the property. The IT hub – planned to be an eight-hectare development - is being positioned right next to the mall. Its registration with Philippine Economic Zone Authority (PEZA) is ongoing, as well as the Office of the City Council’s request to make CDO an IT Hub. Once declared an IT Hub, enterprises within the area would enjoy investor incentives including income tax holiday for four years for non-pioneer and six years for pioneer IT enterprises, additional tax deduction equivalent to 50 percent of training expenses, and permanent resident status to foreign investors with initial investments of US$150,000 or more.

According to Mr. Guillermo Luchangco, Chairman & CEO of the ICCP Group, the main proponent of Pueblo de Oro, the estate is an ideal site for IT-related businesses as it has, in the past years, completed the key necessary factors – water, electric power, telecommunications, amenities, and services - that make such businesses flourish. Add to that the pool of about 4,300 graduates being churned out per year by CDO’s 18 universities, colleges, computer, and vocational schools.

For inquiries on Pueblo De Oro, contact Pueblo Business Park: Tel. No.: (063) 88-858-8976 or email: podcmkt@cdo.philcom.com.ph.

For inquiries on PHIVIDEC and MCTP, contact PHIVIDEC Industrial Authority: Tel. No.: (063) 88-567-0 135 or email: pia_mo@phividecauthority.com.ph; Website: www.phividecauthority.com.ph

For more information on Cagayan De Oro City: http://elgu.ncc.gov.ph/ecommunity/cagayandeoro/



 
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