Makati City, Cagayan de Oro (Misamis Oriental) and Naga (Camarines Sur) were recognized as the country’s most competitive cities in the recently held 2nd Regional Competitiveness Summit.
At the summit, the National Competitiveness Council (NCC) announced the annual results of the 2014 Cities and Municipalities Competitiveness Index (CMCI), a program that measures and rewards competitiveness among local government units.
Daet (Camarines Norte), General Trias (Cavite), and Kalibo (Aklan) were honored as the top three competitive municipalities.
The CMCI is an index that measures competitiveness at the local government level, using 28 indicators grouped into three equally-weighted pillars: Economic Dynamism, Government Efficiency, and Infrastructure. Scores on each pillar were combined to form the overall score used to rank cities and municipalities.
The first CMCI in 2013 included 122 cities and 163 municipalities, which grew in number to 136 cities and 399 municipalities this year. NCC plans to double the number of LGUs covered by the CMCI next year to 1,000.
As NCC Private Sector Co-Chairman Guillermo Luz said in his welcome remarks, “Since the creation of the RCCs [Regional Competitiveness Councils], to the first round of CMCI and now to this year, significant progress has been made. And today, everybody is rushing to get themselves measured because they know that the true measure of competitiveness will attract businessmen and investors to locate in their cities.”
In addition to pursuing across-the-board competitiveness, Luz advised stakeholders at the Regional Competitiveness Summit to work together in building cities and municipalities that are affordable, accessible, socially acceptable, environmentally-friendly, economically-viable, and climate-resilient.