The municipality of Jagna placed 3rd in terms of Economic Dynamism for all towns belonging to the third to sixth class municipalitiesâ€™ in the recently concluded Third Regional Competitiveness Summit held at the Philippine International Convention Center Reception Hall in Pasay City.
The coastal municipality garnered a score of 13.4480 for economic dynamism, less than a point than Mambajao, Camiguin (13.6012) and Nasipit, Agusan del Norte (14.3411) which landed in the and second and first places respectively.
Meanwhile, the municipality of Tubigon, also landed at the 10th spot in terms of Government Efficiency with a score of 8.0569 among the 1st and 2nd class municipalities.
The award is part of the Cities and Municipalities Competitiveness Index program of the National Competitiveness Council (NCC).
Aligned with the goal to improve the countryâ€™s overall competitiveness, the program measures the competitiveness level of the different local government units (LGUs) in the country based on their performance on the three pillars anchored on global standards: Economic Dynamism, Government Efficiency and Infrastructure.
A number of indicators are identified in each pillar to provide more detailed view of the economic status of the locality.
Final scoring and ranking are based on outputs of the data submitted by the participating LGUs.
Since the programâ€™s inception, this yearâ€™s round of the program covered 142 cities and 978 municipalities out of a total of 1,634 localities or 68% of the national coverage.
Participation of the LGUs is much higher compared to the 17% coverage in the first year of the program and 33% in the previous year (2014).
Witnessed by over 1,000 delegates from LGUs, national government agencies and private sectors, the summit emphasized the importance of local competitiveness as the foundation of national competitiveness.
Underscoring the value of the recognitions, awards were presented and conferred to the best performing LGUs by prominent leaders from different sectors of the country.