The 2020 edition of JLL’s City Momentum Index showed Manila rose to the eighth spot this year from 12th in 2019 and 18th in 2018.
Despite seeing some increase (10%) in the minimum wage, the food prices still eat up a significant portion (71%) of the compensation that minimum wage earners took home.
It is expected to perform stronger this year but will likely decline later in the year.
The 2020 budget is 9 percent higher than the previous year’s 3.76 trillion budget.
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This is because inflationary pressures from international commodities are expected to remain modest.
It went down 1 notch from last year's ranking.
Get your wallets ready!
Maynilad and Manila Water just wanted their money and profit back.
The proposed 2021 budget will continue to support antipoverty, peace-sustaining measures, social protection, and economic programs.