CEBU CITY — Mandaue and Cebu cities maintain their positions as among the wealthiest urban areas in the Philippines, according to the Commission on Audit's (COA) latest financial report for 2023.
Mandaue City continues to excel in key financial metrics, ranking seventh in total assets and fifth in net assets or equity, making it the wealthiest city outside Metro Manila. These rankings emphasize Mandaue's prominent role in the regional economy.