The huge Province of Davao was a former province of the Philippines in the island of Mindanao. It was divided into three provinces of Davao del Norte, Davao Oriental, and Davao del Sur with the passage of Philippine Republic Act No. 4867 on May 20, 1967. It was one of the largest, most populous and prosperous provinces in the country during its time, being colonized and inhabited by immigrants from the provinces in Luzon and Visayas island groups.
The province was established after the dissolution of Moro Province in 1914. Before the province broke up, massive waves of immigrants from Visayas and Luzon island groups are already immigrating in the province. Japanese immigrants, mostly rich businessmen and pioneers, also immigrated to its capital Davao in large numbers, making it the Philippines' Little Japan. Having an area of more than 20,000 square kilometers, its borders are almost identical to its predecessor, the Nueva Guipuzcoa province, which also control parts of what are now Cotabato, Bukidnon and Caraga provinces years before during the Spanishgovernance in the country.
Many historians believe that the name "Davao" is actually the mixture of the three names that three different tribes, the earliest settlers in the region, had for the Davao River. The Manobos, an aboriginal tribe, referred to the Davao River as Davohoho. Another tribe, the Bagobos, referred to the river as Davohaha, which means "fire", while another tribe, the Guiangan tribe, called the river as Duhwow.
The history of the region dates back to the times when various tribes occupied the region. It is believed that the Manobos, Mandayas and the Bagobos actually occupied the area. These are the same tribes that created the small settlements and communities that eventually became Mindanao.
A business, also known as an enterprise, agency or a firm, is an entity involved in the provision of goods and/or services to consumers. Businesses are prevalent in capitalisteconomies, where most of them are privately owned and provide goods and services to customers in exchange for other goods, services, or money. Businesses may also be social not-for-profit enterprises or state-owned public enterprises targeted for specific social and economic objectives. A business owned by multiple individuals may be formed as an incorporated company or jointly organised as a partnership. Countries have different laws that may ascribe different rights to the various business entities.
Business can refer to a particular organization or to an entire market sector, e.g. "the music business". Compound forms such as agribusiness represent subsets of the word's broader meaning, which encompasses all activity by suppliers of goods and services. The goal is for sales to be more than expenditures resulting in a profit.