STARTRADER breaks ground on renovation of Davao Basketball Arena in the Philippines, benefiting approximately 20,000 people


Davao City, Philippines, July 10, 2026, FinanceWire

The project represents STARCARES’ latest CSR investment in accessible sports infrastructure for schools and communities.

startrader The redevelopment of the basketball court at Buhangin Community Primary School in Buhangin, Davao City, was officially launched with a groundbreaking ceremony held at the site. When the project is completed, approximately 20,000 students, school staff, parents and residents will benefit from the upgraded facility. It will serve about 2,000 learners, 72 school staff, 1,600 parents and about 16,000 residents of Barangay Communal.

The project responds to the need for a well-maintained, functional recreational space that serves both the community elementary school and the broader Barangay Communal community. For students, it supports physical education, school assemblies and organized sports. For residents, it provides a reliable place for entertainment and community activities. In a country where basketball brings people together, the updated court is designed to serve both groups equally.

The initiative builds on STARCARES’ growing global commitment to youth development through accessible sports infrastructure. After successful projects to revitalize basketball courts in Vietnam and Thailand, the Philippines represents the next step in creating spaces where young people can learn, play and grow.

“Getting started on this project is just the beginning. STARCARES was created to make a lasting impact, and this court will provide thousands of Buhangin students and residents a safe and reliable place to learn, play and meet for years to come.” Peter Carsten, CEO of STARTRADER.

“We are excited to see this project taking shape. It will give our learners a safe space to grow, be active, and build confidence while bringing our community together over the weekends. We are so grateful to STARTRADER and STARCARES.” Nelson Sibi Lubgopane Jr., Principal of the Joint Primary School.

Looking to the future, STARCARES will expand its global basketball court initiative, with Lagos, Nigeria set to be its next redevelopment project, furthering its mission of creating safe, inclusive sports spaces that empower youth and strengthen communities around the world.

About StartTrader

startrader It is a global multi-asset broker that enables retail and institutional partners to access global markets through a range of platforms, including MetaTrader, STAR-APP and STAR-COPY.

STARTRADER is regulated in five jurisdictions (CMA, ASIC, FSCA, FSA and FSC), and combines strong governance with a client-first approach, serving retail clients and partners with a commitment to transparency, reliability and long-term growth.

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Jana Magabelein
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