Pampanga ranked top growth driver-A A +A
Tuesday, February 12, 2013
CITY OF SAN FERNANDO -- Pampanga is now among the country's leading growth drivers, after it was ranked by the University of Asia and the Pacific (UA&P) as among the top 10 provinces in the Philippines in terms of economic and business growth.
According to a study by Dr. Cid Terosa, UA&P School of Economics, titled “Market Potential and Prospects of Philippine Regions, Provinces and Cities,” Pampanga ranked sixth in the top 10 list, aptly described as “ahead of the pack,” with a rating of 0.3983 based on its index of economic and business activity in 2011.
Terosa presented his study during the 2012 Year-End Business Economic briefing held by the Business Economic Club at the UA&P last November.
The highest rating goes to Cebu, which gets an index of 0.8668, followed by Laguna with 0.6776 and Cavite with 0.6054.
The index includes generation of taxes from local sources in 2010, construction activity, which covers industrial, commercial and residential construction, in 2011 and consumption activity measured by the number of Jollibee stores in 2012.
Pampanga and Bulacan, which placed fourth with an index of 0.5283, are the only two provinces in Central Luzon that landed in the top 10 list.
Pangasinan, Nueva Ecija and Bataan with individual index of 0.2238, 0.1844 and 0.1437, respectively, were ranked 11th, 19th and 15th, respectively, and were grouped with the next 10 provinces dubbed as “chasing the leaders.”
Meanwhile, the City of San Fernando also ranked sixth among the top 10 cities in the Philippines in terms of index of economic and business activity, which includes property development and valuation, business development and expansion and commercial activity.
Property development and valuation were measured in total real property tax for 2010, business development and expansion in terms of total business tax in 2010 and commercial activity in the number of malls in 2012.
The city, which recently celebrated its 12th anniversary, had an index of 0.5539 and was the only city in Central Luzon that landed in the top 10 list, described as “blazing the trail.” The top three cities in the group were Davao City with an index of 0.9752, Cebu City with 0.8444 and Bacolod City with 0.6173.
Angeles City, however, made it to the next top 10 cities, dubbed as “in hot pursuit,” at 12th with an index of 0.3307, second to General Santos City at 11th with an index of 0.3389.
Also in the second group were three cities north of Manila, namely, Olongapo City at 14th with an index of 0.2940, Baguio City at 15th with an index of 0.2861, and Cabanatuan City at 17th with an index of 0.2333.
Published in the Sun.Star Pampanga newspaper on February 13, 2013.