The city of Muntinlupa is on its way to recovery from the economic malaise of the pandemic–and with impressive results, thanks to the support of the business community.
In return, the City Government recognized March 1 its Top 10 taxpayers during the 28th Cityhood Anniversary celebrations at the Muntinlupa Sports Complex in Bgy. Tunasan.
Mayor Ruffy Biazon also commended the business community for standing with the City Government in making the recovery from the pandemic happen. “Our cityhood journey, and now our road to pandemic recovery, underscores the importance of working together, and shows what we can do when we are focused towards a more liveable and more responsive city for Muntinlupeños,” Biazon said.
The city’s Top 10 taxpayers are Filinvest Alabang, Inc.; Ford Group Philippines, Inc.; Filinvest Land Inc. – Festival Supermall; Ayala Land Inc.; Filinvest Reit Corporation; Meralco Business Center; Amkor Technology Philippines; Capital One Philippines Support Services Corporation; GenPact Services LLC Philippines, Inc.; and Insular Life Assurance Company Ltd.
Taxpayers such as these establishments have fueled the City’s economic recovery from the pandemic, posting P6.033 billion in total revenues, with 101.09% collection efficiency.
In addition, the City recorded 12,232 registered businesses as of January 2023, up 59% from 7,651 registered businesses in the same period last year. These economic indicators were enough for Muntinlupa to be recognized among the top five most competitive economies in the Philippines, making it a preferred business destination even as the city recovers from the pandemic.