Over 1,389 local government units will participate in the 4th Annual Regional Competitiveness Summit slated on 14 July 2016, 10:00 o’clock in the morning at the Philippine International Convention Center (PICC), Pasay City, where National Competitiveness Council (NCC) will recognize the most competitive cities, municipalities and provinces.
The summit will highlight the results of the Cities and Municipalities Competitiveness Index 2016, which ranks local government units (LGUs) across the country based on their performance on three pillars: Economic Dynamism, Government Efficiency, and Infrastructure Awards will be conferred to LGUs in four categories: 3rd to 6th Class Municipalities, 1st to 2nd Class Municipalities, Component Cities, and Highly Urbanized Cities. An award for the Most Competitive Province and Most Improved City and Municipality will also be given this year.
The NCC hopes that this annual report will enable LGUs to evaluate their performance yearly and share best practices across the regions. This will also allow them to benchmark their performance against local and global standards and make transformative and well-informed decisions towards sustainable development.
Apart from the awarding ceremony, the CMCI website containing the data provided by the LGUs will also be unveiled. The data may be used by potential investors in deciding where to locate their businesses. More importantly, the data may be used as a tool for policy making, planning, governance, budget management, and investment promotion.