Caloocan City was ranked the top city for investment promotions and availability of utilities by the National Competitiveness Council-Philippines (NCC-P).
The NCC-P recently released specific rankings of provinces, cities and municipalities in its competitiveness studies of 81 provinces, 145 cities and 1,489 municipalities.
The city was also cited for posting the second highest local economic growth in the country and for being the second city in the Philippines with the most extensive and developed road network.
Caloocan also recorded the third lowest cost of living and is the fifth largest local economy in the country.
Other significant rankings of Caloocan in NCC-P’s indicators in measuring the competitiveness of a locality are: seventh in financial institutions, seventh most competitive LGU awardee, eight most compliant to national directives to LGUs, ninth in education and ninth in its connectivity to information and communications technologies.
Caloocan City Mayor Oscar Malapitan thanked his constituents for bringing back Caloocan on the economic map, saying, “before my first term of office, Caloocan was ranked 69th in the competitiveness index, and when my team assumed office, the city jumped to ninth in rank and we retained the same ranking this year.”
“This is a manifestation of our hard work in instituting business-friendly policies towards the inclusive growth of our city’s economy,” Malapitan added.
According to NCC-P, economic dynamism is usually associated with activities that create a stable expansion of business and industries and higher employment. Productivity is achieved by matching the output of the local economy with local resources.