Economy
Iloilo is small in land area just a 5,000 kilometer square in all and small population of 2 million 5 hundred thousand only .It has no sizable manufacturing
industries , there's no export-oriented industry such as food processing or vibrant tourism industry . However , it has sustained robust economy. Middle Class is steadily expanding with a relatively low government debt and poverty incidence is getting smaller through the years .Here goes a new generation of large, young and dynamic population ripe for labor force and taxes.
The constant flow of government spending , service sector , agricultural sector , foreign in-flows of money continuously fuel Iloilo Economy thereby increasing its purchasing power parity . New hotels , restaurants , malls , apartments , condo units , groceries , hospitals , financial institutions , supermarkets , wet-markets , hardware stores , fast foods , bistro are being built in a span of 2 years . Business registration increased 39 % as of February 2015 in Iloilo while Bacolod City has low. Inventors are keep pouring billions into Iloilo with confidence . These government data unveils hidden economic potential . "Iloilo has been a well-kept secret,” says Jericho Go, Megaworld’s first vice president for Business Leasing and Development. Here are the following wild-cards of Government data the shed light that economy in Iloilo is at silently thriving.
Comparative Table
City Land Area Population
Davao City - 2,443 km2 1,600,000 Million
Cebu City - 1,062.88 km2 1,000,000 Million
Iloilo City - 78 km2 450,000
industries , there's no export-oriented industry such as food processing or vibrant tourism industry . However , it has sustained robust economy. Middle Class is steadily expanding with a relatively low government debt and poverty incidence is getting smaller through the years .Here goes a new generation of large, young and dynamic population ripe for labor force and taxes.
The constant flow of government spending , service sector , agricultural sector , foreign in-flows of money continuously fuel Iloilo Economy thereby increasing its purchasing power parity . New hotels , restaurants , malls , apartments , condo units , groceries , hospitals , financial institutions , supermarkets , wet-markets , hardware stores , fast foods , bistro are being built in a span of 2 years . Business registration increased 39 % as of February 2015 in Iloilo while Bacolod City has low. Inventors are keep pouring billions into Iloilo with confidence . These government data unveils hidden economic potential . "Iloilo has been a well-kept secret,” says Jericho Go, Megaworld’s first vice president for Business Leasing and Development. Here are the following wild-cards of Government data the shed light that economy in Iloilo is at silently thriving.
Comparative Table
City Land Area Population
Davao City - 2,443 km2 1,600,000 Million
Cebu City - 1,062.88 km2 1,000,000 Million
Iloilo City - 78 km2 450,000
Iloilo Average Household Income
Household income is a measure of the combined incomes of all
people sharing a particular household or place of residence. It includes
every form of income, e.g., salaries and wages, retirement income, near cash government transfers like food stamps, and investment gains.Average household income can be used as an indicator for the monetary well-being of a country's
citizens Iloilo City is highest even 10 district of Manila and to all cities and provinces in the Philippines in National Statistics Office Survey on average household income in 2000.
people sharing a particular household or place of residence. It includes
every form of income, e.g., salaries and wages, retirement income, near cash government transfers like food stamps, and investment gains.Average household income can be used as an indicator for the monetary well-being of a country's
citizens Iloilo City is highest even 10 district of Manila and to all cities and provinces in the Philippines in National Statistics Office Survey on average household income in 2000.
Manila - 256,152
Mandaluyong City - 275,361 Muntinlupa City - 238,038 Malabon -208,391 Navotas - 156,526 Valenzuela - 210,850 Taguig/Pateros - 230,719 Pasay City - 245,897 Marikina City - 234,820 Caloocan City - 231,876 Bataan 183,976 Bulacan 179,572 Nueva Ecija 121,995 Pampanga 160,827 |
Tarlac 113,087
Zambales 146,214 Batangas 149,838 Cavite 196,401 Laguna 189,173 Iloilo City - 283,604 Guimaras - 101,125 Negros Occidental - 92,065 Bacolod City - 177,501 Cebu - 110,367 Cebu City - 189,366 Cagayan de Oro - 176,552 Davao City - 155,937 General Santos City - 116,492 |
1. Government Sector
a.Political and Administrative Center - Government is a an economic stimulus. Ten of thousands employees of the National Government Agencies of National Government , State Universities and Colleges , Government Financial Institutions , Commissions, Bureau’s , Government Corporation , Government-owned and Controlled Corporation ( GOCC's) who are being poured of Billions of money every year to keep the these government agencies operational . It will have an economic chain of reaction such as
1. Increased bulk of cash transfers in banks
2. Generating jobs in hotels
3. Sustaining increase market size of any business like malls , fast food chains .
4. Transfer of economy goes down to the community and into family income.
5. Social and medical security of a household is ensured.
6. Bolster of Agriculture Sector
b. Iloilo Province and City Social Infrastructure : There are total of 2 , 107 as labor force of the Provincial Government of Iloilo which includes hospital personnel. ( See Photo of Iloilo Provincial Capitol)
4. Energy Sector - 38% of Negros Occidental power is supplied by Iloilo.
1. Increased bulk of cash transfers in banks
2. Generating jobs in hotels
3. Sustaining increase market size of any business like malls , fast food chains .
4. Transfer of economy goes down to the community and into family income.
5. Social and medical security of a household is ensured.
6. Bolster of Agriculture Sector
b. Iloilo Province and City Social Infrastructure : There are total of 2 , 107 as labor force of the Provincial Government of Iloilo which includes hospital personnel. ( See Photo of Iloilo Provincial Capitol)
4. Energy Sector - 38% of Negros Occidental power is supplied by Iloilo.
2. Business Sector
Chain reaction - Tremendous Jobs - Mall Growth etc
Investors bullish to invest in Iloilo
With a bigger Middle-Class population (Private , State or local government workers) , who may own agricultural lands and moreover , with dollar-inflows , It is highly profitable to have any kind of business ventures in Iloilo such as growth of Hotel Chains , Restaurants , Car Companies , Gasoline stations , Private Schools , Construction Hardwares , new private hospitals , Apartments & Condominiums , Retail stores like SM , Gaisano and Robinsons , bakeries , parlors , and fast foods . Job agency is robust in Iloilo due to its skilled workers and professionals. Agricultural commodities such as fertilizers , machinery are highly saleable . There's high demand for concrete , steel and house fixtures thus hardware stores are ubiquitous in Iloilo and keep on sprouting.
A shopping and leisure strip are built in Iloilo. Its like Los Angeles Leisure Strip for the Hollywood Stars. The country’s longest shopping and dining strip at more or less 2 Kilometers long Megaworld Boulevard with High-end Shopping Strip , Water Leisure , Jet skies , only in Philippines with Business Parks , residential Villas , 40 Stories Gaisano Towers , Puregold 3 Skyscrapers 30 stories Towers , 6 Atria of Avida Towers , BPO's ,
Investors bullish to invest in Iloilo
With a bigger Middle-Class population (Private , State or local government workers) , who may own agricultural lands and moreover , with dollar-inflows , It is highly profitable to have any kind of business ventures in Iloilo such as growth of Hotel Chains , Restaurants , Car Companies , Gasoline stations , Private Schools , Construction Hardwares , new private hospitals , Apartments & Condominiums , Retail stores like SM , Gaisano and Robinsons , bakeries , parlors , and fast foods . Job agency is robust in Iloilo due to its skilled workers and professionals. Agricultural commodities such as fertilizers , machinery are highly saleable . There's high demand for concrete , steel and house fixtures thus hardware stores are ubiquitous in Iloilo and keep on sprouting.
A shopping and leisure strip are built in Iloilo. Its like Los Angeles Leisure Strip for the Hollywood Stars. The country’s longest shopping and dining strip at more or less 2 Kilometers long Megaworld Boulevard with High-end Shopping Strip , Water Leisure , Jet skies , only in Philippines with Business Parks , residential Villas , 40 Stories Gaisano Towers , Puregold 3 Skyscrapers 30 stories Towers , 6 Atria of Avida Towers , BPO's ,
3. Agricultural Sector
The agrarian reform in Iloilo was indeed a beautiful story . Unlike Tarlac , Pampanga , Negros Occidenal or in any areas of the Philippines , the lands were distributed in greater extent. Ilongo family mostly own their land even before American Era with presence of Princes of Iloilo . The income incurred accounted into the gross domestic product (GDP) and increasing ample food supply. Iloilo ocean is also teeming with marine food. It creates paper money every-time it goes to the market. Most household invest in Education . Iloilo is shipping sugar , watermelon , rice and marine products . The extensive corn farming in Iloilo has very positive effect on food production. These tons of corn are transported in manufacturing companies in Pavia who will transform this raw corn into animal feeds for chicken , fish , hogs and cattle. Therefore , Iloilo are being enlisted by Bureau of Agricultural Statistics as top producers of these foodstuff.
4. Energy Sector
5. Foreign Remittances
Iloilo has 50% share of Foreign Remittances to Philippines
Due to renowned universities , colleges and technological schools which produced thousands of professionals each year and skilled workers , a big number of population of Iloilo works in many countries such as United States , Canada, New Zealand, countries in Europe and anywhere else . Ilongo working class are present in other parts of the globe such as China, Malaysia, Hongkong, Singapore, Taiwan, Korea and the Middle East. You will be surprised a company will call Ilongo worker as " Highly favoured" and majority of workers are Ilongos. The Ilongo labor force generate a big amount of money and send remittances almost every week in various banks in Iloilo that perks up the local economy. Ilongo household keep on investing on Education , Agriculture thus the cycle goes on and on. Within 5 years thousands of these workers will be retiring in Iloilo and will certainly increase the purchasing power parity of Iloilo and bank accounts.
Due to renowned universities , colleges and technological schools which produced thousands of professionals each year and skilled workers , a big number of population of Iloilo works in many countries such as United States , Canada, New Zealand, countries in Europe and anywhere else . Ilongo working class are present in other parts of the globe such as China, Malaysia, Hongkong, Singapore, Taiwan, Korea and the Middle East. You will be surprised a company will call Ilongo worker as " Highly favoured" and majority of workers are Ilongos. The Ilongo labor force generate a big amount of money and send remittances almost every week in various banks in Iloilo that perks up the local economy. Ilongo household keep on investing on Education , Agriculture thus the cycle goes on and on. Within 5 years thousands of these workers will be retiring in Iloilo and will certainly increase the purchasing power parity of Iloilo and bank accounts.
Iloilo Savings Deposit
100% Increase in 7 years (2010-2017)
A teacher in Santa Barbara teaches the community to save money in a bank. A financial concept which has very little growth at all and does not ensure financial security. In 2010 , Banko Sentral ng Pilipinas ( BSP) study during Business Summit reveals that Iloilo has 54.7 billion in deposit and climbed to over 60 Billion in 2012 , 65 Billion in 2013 and 76 Billion in 2014 and 107 Billion in 2017 while Bacolod has only 60 Billion in 2014.
There are close to thousand depositors in contrast to most cities in the Philippines where there are few depositors and mostly are loans. The vast Ilonggo wealth is evident—but is mostly in the banks. There's no manufacturing in Iloilo City compare to Cebu City which is also 4 times bigger in land area than Iloilo City , it's not surprising they will be next to Manila in Savings Account, however Iloilo tops all other areas in the Philippines although they are bigger than Iloilo in area.
2012 2013 ( June)
Davao City - 86,833,335 95,840,702-------2,444 km2 Land Area
Iloilo City - 60,107,133 Billion ----65,210,877 ---------78 Sq Km2 Land Area.
Bacolod City - 47,407,300 Billion------50,219,018 --------162 Sq Km2
Cagayan De Oro City - 44,314,666 Billion------48,567,518 ----488 Sq Km2
Angeles City - 39,714,873 Billion----------44,369,612 ---------60 Sq Km2
Baguio City - 36,263,603 Billion---------39,414,257 -----------57 Sq Km2
Zamboanga City - 27,648,564 Billion---------28,981,161 -----1 , 483 Sq Km2
Calamba City - 25,283,682 Billion-----------27,459,459 ------149 Sq Km2
General Santos City - 25,624,246 Billion------25,954,955 ---536 Sq Km2
Batangas City 23,541,086 Billion---------25,736,591 --------282 Sq Km2
Santa Rosa City - 22,272,717 Billion--------25,339,068 ------54 Sq Km22
Tacloban City - 20,987,959 Billion---------22,718,924 -------201 Sq Km2
Legazpi City - 18,537,618 Billion-----------19,213,249 --------53 Sq KM2
Tarlac City - 18,358,421 Billion-----------20,030,862 ----------274 Sq Km2
Dumaguete City - 18,046,847 Billion-------20,678,061 -------33 Sq Km2
Tagbilaran City - 17,464,974 Billion--------19,088,868 -----32 Sq Km2
Tuguegarao City - 15,286,304 Billion------------144 Sq Km2
Laoag City - 12,357,118 Billion---------12,880,440 ----------127 Sq Km2
Puerto Princesa City - 10,073,039 Billion----11,343,569 --2,381 Sq Km2
Tagaytay City - 6,364,668 Billion----------7,460,822 -------
read link here
A teacher in Santa Barbara teaches the community to save money in a bank. A financial concept which has very little growth at all and does not ensure financial security. In 2010 , Banko Sentral ng Pilipinas ( BSP) study during Business Summit reveals that Iloilo has 54.7 billion in deposit and climbed to over 60 Billion in 2012 , 65 Billion in 2013 and 76 Billion in 2014 and 107 Billion in 2017 while Bacolod has only 60 Billion in 2014.
There are close to thousand depositors in contrast to most cities in the Philippines where there are few depositors and mostly are loans. The vast Ilonggo wealth is evident—but is mostly in the banks. There's no manufacturing in Iloilo City compare to Cebu City which is also 4 times bigger in land area than Iloilo City , it's not surprising they will be next to Manila in Savings Account, however Iloilo tops all other areas in the Philippines although they are bigger than Iloilo in area.
2012 2013 ( June)
Davao City - 86,833,335 95,840,702-------2,444 km2 Land Area
Iloilo City - 60,107,133 Billion ----65,210,877 ---------78 Sq Km2 Land Area.
Bacolod City - 47,407,300 Billion------50,219,018 --------162 Sq Km2
Cagayan De Oro City - 44,314,666 Billion------48,567,518 ----488 Sq Km2
Angeles City - 39,714,873 Billion----------44,369,612 ---------60 Sq Km2
Baguio City - 36,263,603 Billion---------39,414,257 -----------57 Sq Km2
Zamboanga City - 27,648,564 Billion---------28,981,161 -----1 , 483 Sq Km2
Calamba City - 25,283,682 Billion-----------27,459,459 ------149 Sq Km2
General Santos City - 25,624,246 Billion------25,954,955 ---536 Sq Km2
Batangas City 23,541,086 Billion---------25,736,591 --------282 Sq Km2
Santa Rosa City - 22,272,717 Billion--------25,339,068 ------54 Sq Km22
Tacloban City - 20,987,959 Billion---------22,718,924 -------201 Sq Km2
Legazpi City - 18,537,618 Billion-----------19,213,249 --------53 Sq KM2
Tarlac City - 18,358,421 Billion-----------20,030,862 ----------274 Sq Km2
Dumaguete City - 18,046,847 Billion-------20,678,061 -------33 Sq Km2
Tagbilaran City - 17,464,974 Billion--------19,088,868 -----32 Sq Km2
Tuguegarao City - 15,286,304 Billion------------144 Sq Km2
Laoag City - 12,357,118 Billion---------12,880,440 ----------127 Sq Km2
Puerto Princesa City - 10,073,039 Billion----11,343,569 --2,381 Sq Km2
Tagaytay City - 6,364,668 Billion----------7,460,822 -------
read link here
Ilongo Saves while bacolodnon engage in loan
As Bangko Sentral ng Pilipinas report , Positive growth , higher than National average .
Banks proliferated in Iloilo- Mostly Thrift , Rural and Cooperative Banks by Philippine News Agency. On the other hand , Loan Portfolio is a practice in Bacolod City where banks acquire an interest rates funneling money into their accounts.
Banks proliferated in Iloilo- Mostly Thrift , Rural and Cooperative Banks by Philippine News Agency. On the other hand , Loan Portfolio is a practice in Bacolod City where banks acquire an interest rates funneling money into their accounts.
7. International Trade
8. Blossoming Car Industry
As per Land Transportation Office report , in a matter of 12 months, more than 30,000 thousand vehicles are acquired in Iloilo City which is 66% up , whereas in Bacolod City , roughly 1000 increase which is 1% only. In Iloilo Province the increase is at 32% while in Negros has negative -3% although it is more populated than Iloilo. Aside from buying-car-like-crazy in Iloilo , Real Estate is also flourishing where thousand of condo units are sold out in matter of month. It is a common view in Iloilo Cityscape the blossoming Skyscrapers with resort-living features. |
A. Department of Finance
Iloilo collected a bigger money despite its land area and population is not bigger than Negros . Taxes incurred from agriculture , trade , industry , finance activities of the province and city of Iloilo. ( Government gives small IRA to Iloilo and big in Negros). The revenue collection is not just outstanding in Western Visayas , because Iloilo rank 3 in whole Philippines ( read link here)
2. Department of Trade and Industry ( DTI)
Iloilo have registered more firms
3. Bureau of Customs
4. Air Transportation Office
Iloilo have 2 International Flight due to Market Viability
Despite Iloilo has only 2 Million population , it is 4th busiest airport in Philippines is suggestive of economic activity in Iloilo. Davao and Cebu rank 3 and 2 respectively they are both have over 4 Million population.
Despite Iloilo has only 2 Million population , it is 4th busiest airport in Philippines is suggestive of economic activity in Iloilo. Davao and Cebu rank 3 and 2 respectively they are both have over 4 Million population.
5. Bureau of Internal Revenue ( BIR)
Pavia - Vibrant Economy
The Agro-industrial Center
Pavia has 39 manufacturing establishment producing various products intended for the domestic and export markets. Among the important products are farm implements, milled rice, poultry and livestock feeds, noddles, softdrinks,dressed chicken, cooking oil, furnitures, concrete products, polyurethane foam, and industrial and medical gases.
Pavia is home to a number of prestigious manufacturing establishments. Among the biggest investors locators are; Coca-Cola Bottlers, Phils., Vitarich Corporation, Pryce Gases, Inc. Mandaue Foam Industries, Panay Tropical Grains Milling Corp., Jaspe Light Steel Indus.
Pavia has 39 manufacturing establishment producing various products intended for the domestic and export markets. Among the important products are farm implements, milled rice, poultry and livestock feeds, noddles, softdrinks,dressed chicken, cooking oil, furnitures, concrete products, polyurethane foam, and industrial and medical gases.
Pavia is home to a number of prestigious manufacturing establishments. Among the biggest investors locators are; Coca-Cola Bottlers, Phils., Vitarich Corporation, Pryce Gases, Inc. Mandaue Foam Industries, Panay Tropical Grains Milling Corp., Jaspe Light Steel Indus.
Bringing jobs closer to Ilongos
Iloilo Province constantly tapped different business in Iloilo City and conduct job fair to bring jobs for Ilongos.
The up coming is in January 25 , 2013 at Gaisano Mall
The up coming is in January 25 , 2013 at Gaisano Mall
Iloilo City - Jobs for Ilongo youth
Iloilo City government hired the youth for a job as prequel their economic contribution in the next years when they graduate. A total of 358 students under the Cash for Work Program have recieved their salary .
High demand of Ilongo labor Force
There are over 60 Agencies in Iloilo.
The international community is constantly coordinating with Iloilo to allow them to reinforce their manpower . This gives Iloilo dollar cash flows than any other centers in the Philippines. Engr. El Rafeil, Project Engineer of I-Mancompany based in Saudi Arabia, drops by the office of Gov. Art Defensor. I-Mancompany is conducting a two-day (Jan. 17-18) Special Recruitment Activity at the Provincial Capitol lobby. They are looking for technicians, electricians, mechanics and engineers for Saudi Arabia.
Link
The international community is constantly coordinating with Iloilo to allow them to reinforce their manpower . This gives Iloilo dollar cash flows than any other centers in the Philippines. Engr. El Rafeil, Project Engineer of I-Mancompany based in Saudi Arabia, drops by the office of Gov. Art Defensor. I-Mancompany is conducting a two-day (Jan. 17-18) Special Recruitment Activity at the Provincial Capitol lobby. They are looking for technicians, electricians, mechanics and engineers for Saudi Arabia.
Link