29/03/2026
Oro Chamber Reports Strong Financial Growth, Net Worth Nears โฑ30 Million โ Brito
Cagayan de Oro City, March 27, 2026 โ The Cagayan de Oro Chamber of Commerce and Industry Foundation, Inc. (Oro Chamber) reported a significant boost in its financial standing, with net savings and overall net worth posting notable gains, as Oro Chamber President Almarco Brito delivered his address during the General Membership Meeting held at VIP Hotel last March 27, 2026.
Brito highlighted the organizationโs financial turnaround as a key achievement, revealing that net savings grew by 13.6 percent, reaching โฑ526,457 in the first quarter of 2026, compared to โฑ463,391 in the same period last year.
He emphasized that this growth reflects improved operational efficiency and prudent financial management within the Oro Chamber.
More notably, Brito announced that the Chamberโs total net worth has reached โฑ24.6 million, excluding service facilities valued at approximately โฑ7 million. Factoring these in, the organization now manages close to โฑ30 million in assets, positioning it among the few chambers nationwide with such a strong financial base.
โI am proud to report a period of significant strategic growth in our operational excellence,โ Brito said, underscoring the Oro Chamberโs commitment to sustainability and long-term development.
He assured past leaders and members that the organizationโs resources are being handled responsibly. โThe incumbent leaders can be trusted as far as these resources are concerned,โ he added.
Beyond financial gains, Brito outlined the Chamberโs strategic direction through its 2026 Roadmap: โSAIL to Success.โ The roadmap focuses on four pillars: Services to members, Advocacy, Investment promotion, and Linkagesโall aimed at strengthening business support and expanding market opportunities for members.
He also presented membership trends, noting that the Chamber began 2026 with 413 members and has already recorded a 3 percent increase, bringing the current total to 427 members. The organization is targeting 520 members by year-end, representing a projected 26 percent growth.
Sectoral data showed that the services sector remains the most active, accounting for 32 percent of membership, followed by trade and commerce at 23.2 percent, with continued participation from the manufacturing and business support industries. Brito identified the agriculture sector as an area for further expansion.
The strong financial performance, coupled with steady membership growth and a clear strategic roadmap, signals a positive trajectory for the Oro Chamber as it continues to position Cagayan de Oro as a premier investment destination in Northern Mindanao.
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Coms Team/MCRivera
Photo by: Jade Adaza