OPINION | The economic status of Philippine regions Robust growth outside NCR [HUMAN SIDE OF ECONOMICS BERNARDO M. VILLEGAS] READ:
HUMAN SIDE OF ECONOMICSIn 2019 before the pandemic, I wrote that the province of Batangas will be the epicenter of the next metropolis that will rival Metro Manila as the economic powerhouse of the Philippines.
From April 13 to May 5, I had the good fortune of being able to spend three weeks in the City of Pines attending a long live-in seminar for continuing education in the humanities. I take very seriously the dictum that the acquisition of skills and knowledge is never ending. During these days of study, rest, and recreation, I saw how in Baguio, starting on Holy Week and the weeks following, Filipinos from all over Luzon had taken very seriously the “revenge traveling” that was foretold.
Another region that grew much faster than the NCR is Region 3 or Central Luzon which, like Calabarzon, is already replacing Metro Manila as a residential, commercial, and industrial hub. In 2021, the region posted a growth rate of 7.4% compared to the NCR’s 4.4%.
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