Articles worth reading

Davao bettor wins P36-million lotto jackpot

account_balanceMetro Manila access_time5 days ago

A bettor from Davao del Norte won the P36-million jackpot prize on Thursday night's draw of the Lotto 6/42. In a statement, Philippine Charity Sweepstakes Office (PCSO) General Manager Royina Marzan-Garma said the lucky bettor gue...

Taal Volcano

PHIVOLCS lowers Taal Volcano threat to Alert Level 2

account_balanceMetro Manila access_time5 days ago

The Philippine Institute of Volcanology and Seismology (Phivolcs) lowered the threat of Taal Volcano to Alert Level 2 (decreased unrest), three weeks after it was put under Alert Level 3 (decreased tendency towards hazardous eruption) on Jan. 26...

Navotas City Mayor Toby Tiangco

Navotas has zero COVID-19 cases

account_balanceNavotas access_time5 days ago

Mayor Toby Tiangco reassured the public that Navotas remains free from Coronavirus Disease 2019 (COVID19), previously known as novel Coronavirus (nCov). “There are no confirmed cases of nCov in our city. Our Task Force nCov, headed by our City...

Makati News

Makati Skyline

Makati listed as richest city with P230 billion in assets

account_balanceMakati chat_bubble_outline0 Comments

Makati remains the country’s richest city with P230.83 billion in total assets in 2018, higher by P34.26 billion from its 2017 wealth of P196.57, according to the Commission on Audit (COA).

In its 2018 Annual Financial Report for Local Government, COA said Quezon City maintained its second place position with P87.28 billion in total assets, while Manila is in third place with P40.71 billion assets.

Among provinces, Cebu remains the richest with P34.14 billion in total assets in 2018, which is P100 million over the 2017 record of P34.13 billion.

Behind it at second place is mineral-rich Compostela Valley with P19.61 billion in assets, followed by Batangas with P18.18 billion.

Cainta in Rizal province maintained the top spot in the municipality level in 2018 with P4.4 billion in total assets. It gained P300 million from its 2017 COA record.

The Municipality of Mariveles in Bataan dislodged Sual, Pangasinan, as the second richest town with P3.01 billion. Sual is now in third place with P2.8 billion assets.

COA said 2017 third placer, Limay, Bataan, was dislodged from the top 10 richest municipality.

Among the cities, only Cebu with P33.88 billion in summed up assets and President Duterte’s hometown Davao City with P16.2 billion are not from Luzon. Cebu placed fifth while Davao is No. 9.

Other cities that entered the top 10 richest were: 4. Pasig, P38.98 billion; 6. Taguig, P24.53 billion; 7. Caloocan, P18.38 billion; 8. Pasay City, P18.278; and 10. Calamba, P12.6 billion.

Making it to the top 10 richest provinces were Rizal, Bukidnon, and Negros Occidental, with P14.44 billion each; Laguna, P11.58 billion; Iloilo, P11.44 billion; Palawan, P11.277 billion, and Zambales, P11.24 billion.

Other municipalities that gained assets to be considered among the top 10 richest were Sto. Tomas, Batangas, P2.56 billion; Binangonan, Rizal, P2.2 billion; Caluya, Antique, P2.16 billion; Tanay, Rizal, 2.01 billion; Carmona, Cavite, P1.96 billion; Silang, Cavite, P1.9 billion and Calaca, Batangas, P1.87 billion.

date_rangeDate Published
4 months ago
shareShare article
folder_openArticle tags
content_copyCategorized under

Share your thoughts with us

Related Articles

Makati Police

LGBTQ community protests Makati's ‘Oplan X-Men’ 

account_balanceMakati chrome_reader_mode3 days ago

The Commission on Human Rights (CHR) is investigating “Oplan X-Men,” the Makati police’s alleged profiling of transgender women, to save them from “exploitation and human trafficking.” CHR spokesperson Jacqueline de Gui...

Advertisement