Cagayan de Oro City rose one rank higher to No. 7 in the Cities and Municipalities Competitive Index (CMCI) for Highly Urbanized Cities for 2023. It was previously ranked No. 8 in 2022.
Cagayan de Oro was ranked Top 2 for the Resiliency Pillar, Top 5 for the Innovation Pillar, Top 7 for both Most Improved Highly Urbanized City & Government Efficiency Pillar and Top 8 for the Infrastructure Pillar.
“Congratulations to Cagayan de Oro for its creditable improvements in all 5 CMCI pillars,” hailed Ruben A. Vegafria, Philippine Chamber of Commerce and Industry (PCCI) Regional Governor for Northern Mindanao. “Noteworthy to mention is the performance of the municipalities of Mambajao of Camiguin island and Kauswagan of Lanao del Norte for becoming #1 in economic dynamism. Their achievements will serve as inspiration for others.”
“Congratulations to City Mayor Klarex Uy and Team CdeO for a fruitful harvest!” said Oro Chamber President Raymundo Talimio, Jr. “These achievements are indicators that Cagayan de Oro City, being a highly urbanized city, is ready to be at the forefront in becoming a good business and investment destination not only in Northern Mindanao but for the whole of Mindanao.”
Top 7 Most Competitive
“The City’s very strong collaboration with the industry and academe is proof enough of its maturity and good governance worthy of recognition,” he added.
CMCI is an annual ranking of Philippine cities and municipalities developed by the National Competitiveness Council through the Regional Competitiveness Committees (RCCs) with the assistance of the United States Agency for International Development.
Overall_Competitiveness
The CMCI local competitiveness Framework adopted the framework developed by Michael Porter, which is also being used in a number of global surveys on competitiveness. Porter’s definition of competitiveness focused on the idea of productivity.
Productivity is defined as output per unit of input. Effectively, it attempts to measure how many final products can be produced using a limited number of inputs. Productivity also requires that efficient outputs command value in the local up to the global marketplace.
Porter defined competitiveness as based on location and is essentially the productivity that companies located there can achieve (Porter,2004). He explains location as a country’s underlying source of its resources and productivity as how the country uses these resources. Using the same lens, local competitiveness is how a city or municipality knows its resources and how it uses these to improve its standard of living.
City Administrator Roy Raagas, DTI-MisOr PD Almer Masillones & LEDIPO John Asuncion represented the city at the summit. (CIO)
This is critical because Porter’s definition encompasses all sectors of society. According to him, “almost everything matters for competitiveness – schools, roads, financial markets, the consumer.” He also cautioned that to make all of these work for competitiveness, people and culture must also catch up with the mindset. Hence, improving competitiveness takes time.
Improving productivity allows firms, cities, municipalities and countries to improve their standards of living and thereby give prosperity to its citizens.
Cities and municipalities are ranked on their competitiveness based on an overall competitiveness score. The overall competitiveness score is the sum of scores on five main pillars which pool data from several sub-indicators.
The five main pillars are: economic dynamism, government efficiency, infrastructure, resiliency, and innovation. Scores are determined by the values of the actual data, as well as the completeness of the submitted data. The higher the score of a city or municipality, the more competitive it is. Provincial rankings are based on population and income weighted average of the Overall scores of cities and municipalities under a province.
Top 2 Overall Most Competitive 5th to 5th Class Municipality Kauswagan, Lanao del Norte
City Administrator Atty. Roy Hilario Raagas represented City Mayor Roland “Klarex” Uy, along with Local Economic Development and Investments Promotions Officer John W. Asuncion and DTI-Misamis Oriental Provincial Director Almer Masillones, during the 10th Cities & Municipalities Competitiveness Summit held September 28, 2023 at the Philippine International Convention Center (PICC) in Pasay City, Metro Manila.
Northern Mindanao
Other cities and towns in Northern Mindanao also improved their CMCI rankings for 2023, most notably Iligan City (Top 3 Most Improved Highly Urbanized City); Mambajao, Camiguin (Top 1 in Economic Dynamism & Top 4 Overall Most Competitive for 3rd-4th Class Municipalities); Initao, Misamis Oriental (Top 3 for both Economic Dynamism & Government Efficiency for 3rd-4th Class Municipalities); Kauswagan, Lanao del Norte (Top 1 in Economic Dynamism, Top 2 in both Government Efficiency and Infrastructure for 5th-6th Class Municipalities); Catarman, Camiguin (Top 3 in Economic Dynamism for 5th-6th Class Municipalities); and Mahinog, Camiguin (Top 3 in Government Efficiency (5th-6th Class Municipalities).
Based on the 2023 World Competitiveness Yearbook, the Philippines fell to the 52nd spot out of 64 economies. For the Asia Pacific region alone, the Philippines remained at 13th place out of 14 economies for the sixth straight year. (CIO Photos/GFX Courtesy of metrocdodev.com)
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