Inclusion of Mindanao cities, towns in competitive list to boost economy-A A +A
Sunday, August 17, 2014
THE inclusion of six cities and municipalities from Mindanao in the top ten list of most competitive cities of the National Competitiveness Council (NCC) is seen to boost the investment climate of the island.
In the recent Cities and Municipalities Competitiveness Index (CMCI) 2014 survey, Cagayan de Oro City and Davao City place second and fourth, respectively, in the overall rankings of cities while Nabunturan in Compostella Valley (5), Isulan in Sultan Kudarat (7), Polomolok in South Cotabato (8), and Manolo Fortich in Bukidnon (9) made it to the top ten of the overall rankings of municipalities.
"This recent ranking will definitely provide a favorable investment outlook for the entire Mindanao," said Undersecretary Janet Lopoz, Mindanao Development Authority (Minda) executive director, in an email.
She said this will only show that investors are not only bullish about Mindanao, but the island-region becoming a crucial investment option in their radar screens.
"There's an ongoing interest in Mindanao particularly in the production of cacao and cacao-based products, and these production areas will provide substantial support among the region's key cities and municipalities in terms of job generation, farmer empowerment, and community-based livelihood," Lopoz said.
She also pointed out that the recent ranking is a testament of the transformation and development of the island in recent years.
"Our vision for Mindanao is to transform the island-region into a dynamic economy that is enjoying inclusive, balanced, and sustained growth in the next 20 years. This recent competitiveness index ranking, which includes two cities and four municipalities in Mindanao, is an indication that there is a strong collaboration between the region's public and private sectors in making this vision a reality," Lopoz said.
She said this also shows that there is a working government that provides the needed services and support to its constituents, that reforms are working in the region and that Mindanao's infrastructure sector is steadily increasing to enhance connectivity and logistical support.
"Although some of Mindanao's cities did not make it in the list, but with the continued socioeconomic interest coming from the private sector and international business communities, aided with the government's continuing support to the region, we are quite certain that there will be more Mindanao's cities making it in the future rankings," Lopoz said.
The NCC ranked the cities' competitiveness based on overall competitiveness score, which is the sum of scores on three main pillars -- economic dynamism, government efficiency and infrastructure -- which pool data from several sub-indicators. (Reuel John F. Lumawag)
Published in the Sun.Star Davao newspaper on August 18, 2014.