The rich list: Local officials admit inclusiveness is the challenge
OFFICIALS of provinces and cities named among the top 10 richest in the country in terms of assets have cheered their respective rankings, but at the same time acknowledged that the challenge remains on how to make wealth and government services more inclusive. “(It) says a lot about the promising future of cities outside Luzon, especially the ones from Mindanao,” said Mayor Sara Duterte-Carpio of Davao City, which placed 9th in the Commission on Audit’s (CoA) 2017 Financial Report released earlier this week. The CoA list for cities was dominated by those in the National Capital Region, with seven in the top ten while the two others are Cebu (4th) and Calamba (10th). The annual report covers the financial condition and operations of the government, its subdivisions, agencies and instrumentalities, including government-owned and controlled corporations and non-governmental entities subject to CoA audit. “Despite this recognition, we are trying our hardest to ensure that we identify and reach those who are poor and take them out of poverty. Only then we can truly be happy about being a rich city,” Ms. Duterte-Carpio said. — >> See full story on
COMPOSTELA VALLEY ranked as the 2nd richest province, after Cebu, which has been at the top spot in the last four years.