Mandaluyong City is once again given recognition as a Wealth Center hub thanks to the investments in the city that constantly increases every year.
Despite being the second smallest city in Metro Manila, Mandaluyong is one of the most attractive cities to invest both local and foreign businesses. This is due to its strategic location - right in the middle of Metro Manila - and for its business-friendly environment that boasts of low real property taxes. The local government, currently headed by Mayor Menchie Abalos, had previously reduced the number of steps in the application of business permits and licenses. By 2017, it already has over 16,300 business registrations translating to more than P204 billion worth of investments during the first quarter of 2018.
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