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Updates on the Investments Scene

Naga marks 76th Charter Day with new tourism brand ‘Naga ‘Yon’

After a year of development workshops and stakeholder consultations, Naga City finally reveals its newest Tourism Branding: Naga ‘Yon, in front of the various tourism establishments and institutions in the city. MAYOR Nelson Legacion addressed a jam-packed Plaza Rizal on Tuesday, marking the 76th anniversary of Naga City’s charter status with a speech that honored the past and outlined an ambitious future. “Today, 76 years ago, Republic Act 305 was signed. RA 305 was introduced as House Bill 1255, penned by former Congressman Juan Q. Miranda, whom we regard as the father of making Naga a chartered city,” Legacion said.…

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Naga Climbs 73 Spots in Global Startup Ecosystem Index 2024

Naga City is ranked among the top 1000 cities in the Global Startup Ecosystem Index by StartupBlink for 2024, climbing 73 spots globally from rank 904th to 831st worldwide. The city’s performance demonstrated a positive momentum for three years in a row. Naga is one of only five cities in the Philippines that made it to the global ranking. The other cities are Manila, Cebu City, Cagayan De Oro, and Davao.

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"There is a direct relationship between brain drain and poverty of a region. Understanding this, I courageously founded over a decade ago my first formal startup, an Apple iPad POS company, with the goal of creating job opportunities that will make our best and brightest software engineers stay in Naga City. It was very, very difficult then. Today, this ordinance, I foresee, will encourage more founders and startups to flourish in our Maogmang Lugar. Then give them 2-3 years, our city will begin seeing their contribution to the local economy and job creation through their innovative products and services, coupled with newer business models. This could be our way to becoming a 'Startup City'."

Magno Edilberto R. Conag III

CEO, Nueca Technologies Inc.

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