Parañaque tops ‘economic dynamism’ list, thanks to hotel-casino hub | Inquirer News

Parañaque tops ‘economic dynamism’ list, thanks to hotel-casino hub

/ 05:21 AM August 08, 2014

The City of Dreams hotel-casino being built in Parañaque City’s Entertainment City PHOTO BY RICK ALBERTO

MANILA, Philippines–Parañaque has been cited as the city with the most dynamic economy in an annual evaluation of local governments nationwide, an achievement that its leaders attribute to the hotels and casinos it hosts.

The city ranked high in the 2014 Cities and Municipalities Competitiveness Index, which is drawn up by the National Competitiveness Council in partnership with United States Agency for International Development (USAID).


The 136 cities and 399 municipalities covered by the index were ranked based on three categories: economic dynamism, government efficiency, and infrastructure.

According to the NCC, Parañaque topped the list of cities in terms of economic dynamism. On a separate list that factored in all three categories, it emerged No. 10, while the No. 1, 2 and 3 spots went to Makati City, Cagayan de Oro City, and Naga City, respectively.


Among municipalities, Tanza in Cavite province was adjudged most economically dynamic, while Daet in Camarines Norte was ranked No. 1 overall or in all three categories.

In a statement Thursday, Parañaque Mayor Edwin Olivarez said the distinction earned by the city was “not only a great honor but also a huge challenge.”

He said Parañaque’s “economic surge” was “mostly in part due to the huge developments in Entertainment City,” a strip of casinos, hotels, shopping and leisure destinations facing Manila Bay.

Olivarez said the developments there had been attracting investors eager to take advantage of the increasing traffic of domestic and international tourists.

Parañaque also plays host to the country’s premier airport, the Ninoy Aquino International Airport, the mayor noted.

According to the 2014 Index, Parañaque ranked 93rd in government efficiency and 13th in infrastructure.–Kristine Felisse Mangunay




Baclaran devotees take fight vs vendors online

Melco Crown, DreamWorks dream up resort draws

Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: economic dynamis, Economy, Entertainment City, Local Governments, Parañaque
For feedback, complaints, or inquiries, contact us.

News that matters

By providing an email address. I agree to the Terms of Use and
acknowledge that I have read the Privacy Policy.

© Copyright 1997-2022 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.