National
Taytay, Rizal Is Investor-Friendly, Too
Improving ease of doing business need not be as costly as many thought it is and for delivering results for less, the progressive town of Taytay in the province of Rizal, landed in the list of the country’s most competitive local government units.
In the recently conducted search for the Most Competitive Municipality — of first- and second-class towns category, Taytay was named the second over-all from a list of 1,480 towns in the country.
During the 8th Regional Competitiveness Summit, the National Competitiveness Council (NCC) disclosed the annual results of the 2020 Cities and Municipalities Competitiveness Index (CMCI) that saw Taytay, Rizal among those that achieved competitive advantage and inclusive growth in the country through its full participation in improving ease and cost of doing business, governance, and business environment.
Index Indicators
Taytay received high grades in the Cities and Municipalities Competitiveness Index, which measured competitiveness at the local government level using 28 indicators grouped into three pillars: Economic Dynamism, Government Efficiency, and Infrastructure.
Scores on each pillar were combined to form the overall score used to rank towns and cities.
Taytay scored second highest while Antipolo City and Rizal Province won the top awards in their respective categories.
Headed The Right Direction
In a statement, Taytay Mayor Joric Gacula cited the Department of Trade and Industry, the Board of Investments and the National Economic Development Authority for acknowledging their hard work in imposing measures which proved effective in easing doing business in their locality as reflected in the influx of investments in the municipality known as the “Garments Capital of the Philippines.”
“True enough, knowing the true measure of competitiveness will attract businessmen and investors. And we’re glad to have been measured by these agencies.
“Now we are 100 percent sure we are doing the right thing and headed to the right direction,” Gacula said.