Cagayan de Oro.. part two

Economy

Cagayan de Oro is the base to both local and multi-national companies such as Del Monte Philippines, Nestle, Coca-Cola, Pepsi Cola, and others. The city's economy is largely based on industry, trade, service and tourism. Link2Support and Arriba are among the few call centers that have recently opened their doors to the city. Cagayan de Oro is a young city compared to other highly urbanized cities in the Philippines. The city's annual income has reached a local record of 1.345 Billion Pesos as of the fiscal year, 2006. With the ongoing construction of the Laguindingan International Airport, business analysts predict the entry of more foreign and local investments and an increase in tourism activity in the region will make Cagayan de Oro as one of the chief cities in the southern part of the Philippines.

Infrastructure Education

Cagayan de Oro has 3 major universities namely: Capitol University, Liceo de Cagayan University, and Xavier University, and one state college Mindanao Polytechnic State College. These institutions specialize in various disciplines such as medicine, nursing, commerce, engineering, law, masteral and doctorate degrees. While AMA Computer University and Philippine Women's University are campus branches offering fewer courses.

See also: List of colleges and universities in the Philippines

Health Care

The city has a hospital bed to population ratio of 1:474 as of 2003. There are 12 major well-equipped private and government-run hospitals including 50 Barangay Health Centers and 20 Family Planning Centers. There are also modern diagnostic centers and laboratories operating in the city.

Northern Mindanao Medical Center (Provincial Hospital) and JR Borja Memorial Medical Hospital (City Hospital) are the two main government run hospitals in the city. The new Capitol University Medical City Hospital is one of the newer developments of the health services in city. In the recent years, private hospitals in the city have embarked on an aggressive expansion program. There has been a strong demand for medical facilities not only within the city but from nearby Mindanao provinces.

Transportation

Lumbia Airport caters to domestic flights to and from Manila and Cebu. From Manila, it is an hour and fifteen minutes away by plane and from Cebu it is forty-five minutes away. There is ongoing construction on the Laguindingan International Airport. When finished, the international airport will serve Northern Mindanao including its major cities; Iligan and Cagayan de Oro.

Cagayan de Oro Seaport in 2005 with two quay cranes

The Macabalan seaport serves regular trips to Manila, Cebu, Tagbilaran, Bacolod, Dumaguete, Iloilo, Iligan, Jagna and Nasipit/Butuan. It is the busiest seaport in the region.

Cagayan de Oro Seaport is a modern international seaport situated near the estuary of Cagayan de Oro River, it has an anchorage depth of 18 meters and is around 400 meters from the shoreline. Cagayan de Oro Seaport has two authorized cargo handling operators.With the recent completion of the 250 Million Peso Rehabilitation Project, the Cagayan de Oro seaport is now the largest international and domestic seaport in Mindanao.General Milling and Del Monte Philippines also operates their own port facilities within Cagayan de Oro. The US $85 Million Mindanao Container Terminal located in Tagoloan, 17 kilometers from Cagayan de Oro serves the PHIVIDEC Industrial Estate.

There are three bus and jeepney terminals in the city which offer regular land trips. The Agora Bus Terminal caters trips to and from Balingoan (port going to Camiguin), Gingoog, Davao, Butuan and Surigao in the Caraga Region, Valencia and Malaybalay in Bukidnon. While the Bulua-Westbound Bus Terminal caters trips to and from Iligan, Ozamiz, and western parts of Mindanao.

Utilities

• There are four major land based phone companies (Philcom, Misortel, Cruztelco and Italtel) serving the city.

• Mobile phone services are provided by Globe-Touch Mobile, Smart-Talk'n'Text-Addict Mobile, Sun Cellular and Extelcom.

• There are several internet companies operating in the city offering dial up, broadband, Wi-Fi and cable services. The Pueblo de Oro IT Park located in Upper Carmen is the first PEZA-registered IT park in Mindanao. The IT Park currently houses one of Cagayan de Oro's call centers.

• Water services is provided by the Cagayan de Oro Water District (COWD), it was the first water district established in the entire country.

• Electricity is provided by the Cagayan Electric Power and Light Company (CEPALCO), it covers 64 barangays and caters to more than 80,000 consumers. They are also operating a 1-megawatt photovoltaic-solar power plant in Indahag; it is the biggest solar power plant that is connected to the power grid in South East Asia