Caloocan attracting 2,000 new businesses annually

Caloocan City has been attracting 2,000 new businesses on the average annually, helping the city increase its income from only P4.8 billion in 2015 to about P6 billion in 2017.

Nolan B. Sison, officer in charge of the city government’s Public Information Office, told the BusinessMirror that Henry Sy’s SM Prime Holdings Inc. is one of the big companies that have been actively expanding in the city in October 2015, SM opened its 55th shopping mall at the corner of Samson Road and Mabini Street in Sangandaan Area. The SM Center Sangandaan, as it is called, includes SM Supermarket, SM Appliance Center, SM Cinema, Banco de Oro, Ace Hardware and Watsons as its tenants.

The National Competitive Council has reported that Caloocan City was again included in the Top 10 most competitive highly urbanized cities—a feat it has achieved since 2014—due to high scores it received each year in economic dynamism, government efficiency and infrastructure categories.  In 2013 Caloocan City was only ranked 69th.

Sison said the other main factor that helped Caloocan City increase its revenues was the “effective tax payment campaign” of the city treasurer’s office, assessor’s office and the business permit and licensing office that convinced many delinquent taxpayers to start paying “correct taxes” on time.

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At the same time, the city government have new sources of income like the stickers for delivery trucks, fines on erring drivers and the environmental clearance payments, he added.

 

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Nelson S. Badilla started writing for various publications in November 1994 and stopped in December 2006. Then, he started teaching in various universities from 2007 to 2016. He returned to media profession in November 2014 until he joined in the Business Mirror last February this year. Badilla finished Doctor of Education, Major in Educational Management, program from the University of Rizal System (2015). He obtained his Master of Public Administration from the University of the Philippines - National College of Public Administration and Governance (2007). He first took up his bachelor's degree, AB Political Science, from the Lyceum of the Philippines and but finished it at the Philippine Christian University in Manila (2005). While writing stories for this paper, Dr. Badilla is set to teach Public Administration, Journalism, and Basic Economic courses starting this year.