Mayor Vicente Eusebio described this as a "positive" development," considering there are still almost four months in the current year.
Eusebio attributed the dramatic increase in new businesses in Pasig to several factors, among them the availability of skilled workers and the adequate public and private infrastructure that makes the city attractive to business locators.
Pasig ranked No. 1 in terms of human resources and training, and second in adequacy of infrastructure among 12 Metro cities evaluated in the 2003 Philippine Cities Competitiveness Ranking Project conducted by the Asian Institute of Management (AIM) Policy Center.
The total number of businesses registered in Pasig City as of August this year was at 57,685, or an increase of roughly 29 percent to the 44,681 businesses registered in the city last year.
Despite the impressive gains posted by the city the past years, Eusebio has no intention of relaxing the city government’s efforts to make Pasig City a premier investment and business destination in Metro Manila. – Non Alquitran