MANILA — Ten cities nationwide have been cited as Most Competitive Cities for their efforts in pursuing local economic development.
Topping the list of overall most competitive cities is Quezon City. Other awardees include: City of Manila, Makati City, Pasig City, Davao City, Cebu City, Cagayan de Oro City, General Santos City, Caloocan City and Muntinlupa City.
Department of the Interior and Local Government Sec. Mike Sueno said these local government units were recognized “based on economic dynamism, government efficiency, and infrastructure.”
“These LGUs are now receiving the benefits of easing transactions for business like increased business registrants and more revenues,” Sueno said.
On the overall most competitive Highly Urbanized Cities (HUCs) category, Quezon City is 1st place, followed by Makati City at 2nd place and 3rd place is the City of Manila.
On the other hand, Naga City (Camarines Sur) emerged as the overall most competitive Component City with San Fernando City (Pampanga) in 2nd rank and Legazpi City (Albay) in 3rd rank.
Meanwhile, Cainta (Rizal) ranked 1st in the most competitive Municipalities category and Rizal province as the Most Competitive Province.
Sueno said LGUs play a pivotal role in influencing investment decisions, business retention and growth and impact in infrastructure development.
The Cities and Municipalities Competitiveness Index is an annual ranking developed by the National Competitiveness Council (NCC) through the Regional Competitiveness Committees.
“Improving the governance landscape of an LGU would serve as a strong platform for them to become sparkplugs for local economic development,” he said. PNA/ northboundasia.com