Mindanao tops regional competitiveness index

Despite having the dubbed the lowest rank in the recent human development index (HDI) report, Mindanao ranked highest in the 2013 Cities and Municipalities Competitiveness Index (CMCI) which classified and ranked business-friendly and competitive areas in the country to further promote inclusive growth.

Guillermo Luz, private sector co-chairman of the National Competitiveness Council (NCC), told reporters on Tuesday that the cities and municipalities were ranked “based on available data given” by the local government units (LGUs) like current business registrations, investments and local government performance.