Davao, not Cagayan de Oro, still Mindanao’s biggest economy

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Cagayan De Oro City News

Davao City,Davao Region,NEDA

Northern Mindanao’s Regional Development Council issues an advisory in response to claims that Cagayan de Oro has surpassed Davao, advising the public to rely on credible sources for accurate information

This is AI generated summarization, which may have errors. For context, always refer to the full article.

The false claim, first posted on June 18, was traced to the unverified Facebook page “United and Progressive Philippines.” It read: “Cagayan de Oro overtook Davao City as the fastest-economic and financial hub of Mindanao, Philippines. Northern Mindanao has a more reasonable level of regulation and a business-friendly system than any other region in Mindanao.

However, in terms of value, Davao posted a GDP output of P495 billion at constant 2018 prices, compared to Cagayan de Oro’s P262 billion. “We would like to highlight that there are other indicators that measure economic performance and development of a country, region, province, and highly urbanized city. Hence, we encourage everyone to take social media posts with prudence through fact-checking and citing credible sources,” read part of the RDC advisory.could have spurred the posting of the false claim.

Four metropolitan areas in the Philippines all rated in the upper half of the cities ranked: Manila , Cebu , Cagayan de Oro , and Davao .

 

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Davao, not Cagayan de Oro, still Mindanao’s biggest economyNorthern Mindanao’s Regional Development Council issues an advisory in response to claims that Cagayan de Oro has surpassed Davao, advising the public to rely on credible sources for accurate information
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