Cebu is still Philippines’ wealthiest province

THE province of Cebu has remained as the wealthiest province in the country in terms of assets in 2021, the Commission on Audit said in a report.Cebu was followed by the provinces of Rizal , Batangas , Davao de Oro , Bukidnon , Negros Occidental , Ilocos Sur , Iloilo , Isabela and Palawan .

Cebu is also the fifth among the provinces with highest total revenue for 2021, which is at P5.12 billion. The cities of Cebu and Mandaue landed on the sixth and seventh place, respectively, in the top 10 cities with highest total assets during the said year.The wealthiest city based on the same report was Quezon in the National Capital Region with a total asset of P451.007 billion, followed by Makati with P238.561 billion, Manila P65.252 billion, Pasig City P51.176 billion and Taguig P36.116 billion.

Also included in the list were Mandaluyong with P31.44 billion worth of assets, Davao City P26.555 billion and Caloocan P23.383 billion.* Carmona, Cavite: P6.211 billion

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