Bacolod has been listed among the top 5 of the most competitive cities in the Philippines in 2012 as assessed by the National Competitiveness Council.
The five are Cagayan de Oro City, Iloilo, San Fernando, Butuan and Bacolod, and San Francisco town in Agusan del Sur is the most competitive municipality.
The competitiveness of the cities and the municipalities were measured using three indicators which were economic dynamism, government efficiency, and infrastructure.
In the area of government efficiency, Bacolod, Iloilo and Cagayan de Oro were the top three.
The NCC report said the economic dynamism index of a city or municipally was measured through business registration figures, employment and financial institutions.
For government efficiency, they are judged in terms of transparency and accountability, public finance, performance recognition business responsiveness and basic government services.
Former Bacolod Mayor and now Congressman Evelio Leonardia said the inclusion of the city further belies the claims of his political adversaries that Bacolod was bankrupt under his administration.
He also said it is very heartwarming that this added honor for the city comes to crown the last year of his administration.
Leonardia is the only mayor of Bacolod to be re-elected and who has served the full three-year terms allowed by the Constitution.
Leonardia said this new recognition gives Bacolod a positive image and will encourage investors to do business in it. It will also make economic growth in the city faster.
He said this is also a validation of the studies conducted years before by other credible government and private groups in the Philippines and even abroad, showing that Bacolod is indeed a competitive city.
Leonardia added that this recent study was done by people who are apolitical, scientific, objective and credible and that this is already a result of the compilation of the realities that exist in Bacolod.
IN THE RADAR
Meanwhile, with the inclusion of Bacolod in the top 5 list of the most competitive cities in the Philippines, the city will also be in the "radar" of investors, Frank Carbon, president of Metro Bacolod Chamber of Commerce and Industry, said.
Carbon said would-be investors will no longer think twice in putting up their businesses in the city while those who are already here may no longer expand in other areas.
The inclusion of Bacolod as one of the most competitive cities also means more job generation, Benjamin Ortega, honorary president of the Bacolod Filipino Chinese Chamber of Commerce and Industry Inc. said.
Ortega said Bacolod should maintain this status so investors will continue to come in.*APN