Economy of Davao

The Davao Gulf provides a living for many fishermen. Some of the fish products include yellow fin tuna, brackish water milkfish, mudfish, shrimp and crab. Most of the fish catches are discharged in the fishing port in Barangay Toril, which are then sold in the numerous markets within the city.

Davao City serves as the main trade, commerce, and industry hub of Mindanao and is also one of the financial hubs of Mindanao. Commercial industrial plants such as those of Coca-Cola Bottlers, Phil., Pepsi-Cola Products, Phil., Interbev Phil Inc. and RC Cola Phil., companies located in the city, as well as fruit packaging-exporting facilities, food manufacturing plants and a very huge number of business establishments ring the city. There are also construction industrial plants such as those of Holcim Philippines and Union Galvasteel Corporation, and SteelAsia. The latter was the largest and most modern steel rolling mill production facility in the country, completed on December 2014 and was purposely built to increase the national steel production and to reduce the construction costs in Mindanao.

One Network Bank, based in the city, is the largest rural bank in the Philippines in assets; most branches are in Mindanao (including 17 locations where it is the only financial-services provider). Government social-insurance agencies such as the Social Security System and Government Service Insurance System are also in the city.

There are several commercial areas in the city: Poblacion (the city centre), Davao Chinatown (Magsaysay), Bajada, Lanang, Matina, Ecoland, Agdao, Buhangin, Toril, Mintal and Calinan, the latter three located at the southwestern part of the city.

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