Aklan, famed for its Boracay Island, emerged as the most competitive province in the Western Visayas region this year.
The provincial ranking was based on the overall scores of the cities and municipalities in the 2018 competitiveness index.
Aklan occupied the top spot among six provinces in the region and the 15th spot among 75 provinces in the country.
Negros Occidental ranked second, followed by Capiz, Iloilo, Guimaras, and Antique.
Last year, Guimaras took the top spot while Iloilo was the second most competitive province in the region.
The competitive performance of cities and municipalities is measured through the following indicators:
• Size and growth of the local economy (as measured through business registrations, capital, revenue, and permits)
• Capacity to generate employment
• Cost of living
• Cost of doing business
• Financial deepening
• Presence of business and professional organizations
• Capacity of health services
• Capacity of schools
• Business registration efficiency
• Compliance to Business Permits and Licensing System standards
• Presence of Investment Promotions Unit
• Compliance to national directives for local government units (LGU)
• Ratio of LGUs’ collected tax to LGU revenues
• Most Competitive LGU awardee
• Social protection
• Existing road network
• Distance from city/municipality center to major ports
• Department of Tourism-accredited accommodations
• Availability of basic utilities
• Annual investments in infrastructure
• Connection of information and communication technology
• Number of public transportation vehicles
• Health infrastructure
• Education infrastructure
• Number of ATMs
• Organization and Coordination: Land Use Plan, Disaster Risk Reduction Plan, Annual Disaster Drill, and Early Warning System
• Resiliency Financing: Budget for Disaster Risk Reduction and Management Plan
• Resiliency Reports: Local Risk Assessments
• Resiliency Infrastructure: Emergency Infrastructure and Utilities
• Resilience of System: Employed Population and Sanitary System