Cagayan de Oro, officially the City of Cagayan de Oro, is a 1st class highly urbanised city in the region of Northern Mindanao, Philippines. It is the capital of the province of Misamis Oriental where it is geographically situated but governed administratively independent from the provincial government. Cagayan de Oro also serves as the regional centre and business hub of Northern Mindanao, and part of the growing Metropolitan Cagayan de Oro area, which includes the city of El Salvador, the towns of Opol, Alubijid, Laguindingan, Gitagum at the western side, and the towns of Tagoloan, Villanueva, Jasaan, Claveria at the eastern side.
Cagayan de Oro is located along the north central coast of Mindanao island facing Macajalar Bay and is bordered by the municipalities of Opol to the west, Tagoloan to the east, and the provinces of Bukidnon and Lanao del Norte to the south of the city. The city is the 10th most populous city in the Philippines. Cagayan de Oro is also famous for its white water rafting or kayaking adventures, one of the tourism activities being promoted along the Cagayan de Oro River.
Cagayan de Oro is the regional centre and logistics and business hub of Northern Mindanao. The city's economy is largely based on industry, commerce, trade, service and tourism. Investment in Cagayan de Oro City for the first six months of 2012 reached 7.4 billion pesos. Investments in the city are dominated by malls, high-rise hotels and condominiums and convention centres. The net income for 2012 pegged at 2,041,036,807.89 billion pesos. The United Nations cited Cagayan de Oro City as an “emerging city of tomorrow,” owing to its strong fundamentals that help strengthen its position as an emerging business leader in Mindanao.
FWD Life Philippines President and CEO Peter Grimes said that Cagayan de Oro City is emerging as the economic and financial centre 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.
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). In 2018, during the 6th Regional Competitiveness Summit organised by the Department of Trade and Industry, Cagayan de Oro was named as the country's “Top 5 Most Competitive City” in the highly urbanised cities category.
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 multinational 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).
Banking Cagayan de Oro, as the regional economic centre 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 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. Gas refilling stations as sub-sector of retail are all over the city. These are distributed by Shell, Caltex, Petron, Blu Energy, Phoenix, Jetti, and Geo Gas.
Business process out-sourcing Business process out-sourcing (BPO) in Cagayan de Oro is booming due to ample supply of human capital supported by available health, research, educational, and modern telecommunication facilities. The increase of BPO companies in the city has led to new buildings and zones dedicated for contact centres which are all PEZA registered.
Co-operatives Cagayan de Oro is home to co-operatives that provide employment, economic assistance, and considered as one of the prime drivers of the city's economy. The extension office of Cooperative Development Authority, located in the city as the centre of Northern Mindanao (Region X), provides technical advisory services, regulatory services, and online application processing. The big names of Cooperatives located in Cagayan de Oro are: • Philippine Federation of Credit Cooperatives Mindanao League – a federation of cooperatives in the Philippines • MASS-SPECC Co-operative Development Center – a federation of co-operatives in the Philippines • First Community Co-operative (FICCO – formerly Ateneo Community Credit Union) – a billionaire co-operative covering the entire of Mindanao • Oro Integrated Co-operative – consisting of more than 100,000 strong members of farmers, fisher folk, women, workers, vendors, drivers, government employees scattered in Cagayan de Oro and the provinces of Misamis Oriental, Bukidnon and Tagbilaran City who are engaged in small and micro enterprises • ACDI Multipurpose Co-operative – preferred brand of financial services in the Armed Forces of the Philippines • Asian Business Cabletow Co-operative Academy (ABCCA) – provides access to and quality of education for the less-privileged students • CFI Community Cooperative • Coop-Life Mutual Benefit Services (CLIMBS Life and General Insurance Cooperative) – owned by over 2000 co-operatives in the Philippines since 1971 • Oro Savings & Sharing Co-operative • Co-operative Bank of Misamis Oriental – with 268 co-operatives and Samahang Nayon as member-incorporators.
Cagayan de Oro has a population of over 675,950 people. Cagayan de Oro also forms part of the wider Cagayan de Oro metropolitan area which has a population of over 1,376,343 people.
Cagayan de Oro has sister cities world-wide including: Lawndale, United States • Tainan City, Taiwan • Harbin, China • Norfolk, United States • Gwangyang, South Korea • Quezon City, Philippines • Surigao City, Philippines • Iligan City, Philippines • Imus City, Cavite, Philippines.