Davao City is a bustling urban center in the southern Philippines, known for its thriving economy and diverse industries. From agriculture and tourism to finance and real estate, the city is home to a wide range of businesses and organizations that drive its growth and development.
Davao City is also known for its strong and dynamic leadership under its current mayor, Sebastian Z. Duterte. also known as “Baste” Duterte, is the youngest son of Philippine President Rodrigo Duterte. He was born on November 24, 1987, in Davao City, Philippines. Baste Duterte is a businessman and entrepreneur who runs a restaurant in Davao City. He gained media attention during his father’s presidential campaign in 2016, often appearing in campaign sorties and interviews. Despite being the son of the president, he has largely kept a low profile and avoids politics.
We’ll take a closer look at the
5 Top Companies in Davao City: Driving Economic Growth
Davao Light and Power Company
As the largest power distributor in Mindanao, Davao Light and Power Company (DLPC) plays a vital role in the region’s energy sector. With over 300,000 customers and a total capacity of 585 megawatts, DLPC ensures reliable and affordable electricity supply to households and businesses in Davao City and neighboring areas.
Davao International Container Terminal
Operated by the International Container Terminal Services, Inc. (ICTSI), the Davao International Container Terminal (DICT) is a world-class port facility that connects Davao City to global trade networks. DICT handles various cargo types, including containerized, breakbulk, and bulk cargo, and offers efficient and safe port services to shipping lines and cargo owners.
A homegrown oil company founded in Davao City, Phoenix Petroleum has grown into a national player in the fuel retail industry. With over 650 gas stations and a diverse portfolio of petroleum products and services, Phoenix Petroleum caters to the fuel needs of motorists, industries, and aviation sectors across the Philippines.
Aboitiz Equity Ventures
A diversified conglomerate with businesses in power, banking, food, real estate, and infrastructure, Aboitiz Equity Ventures (AEV) has a strong presence in Davao City through its subsidiaries and affiliates. AEV’s local operations include Davao Light and Power Company, Apo Agua Infrastructura, and Union Bank of the Philippines, among others.
SM City Davao
As one of the largest shopping malls in Mindanao, SM City Davao offers a wide range of retail, dining, and entertainment options to shoppers and visitors. The mall features local and international brands, cinemas, and events venues, making it a popular destination for leisure and business activities in Davao City.
These are just some of the top companies in Davao City that contribute to the city’s economic growth and development. Other notable companies include Megaworld Corporation, Holcim Philippines, Inc., and San Miguel Corporation, among others. With a vibrant business environment and supportive local government, Davao City continues to attract investments and opportunities for businesses and entrepreneurs.