The survey said that "Mandaluyong, the heart of the ‘Golden Triangle’ (Manila, Makati and Quezon City), has finally emerged as a veritable boom city – one of the leading business and industrial centers in the country."
The PCCRP noted that the "new tiger" of Metro Manila is making an unprecedented leap to progress and has now become the haven of industrial giants and business conglomerates.
Mandaluyong has been transformed from a sleepy little town into a tiger city in a short span of 15 years. Its income leaped from P41 million in 1986 to P1.2 billion in 2001.
Mandaluyong City Mayor Benhur Abalos Jr. hailed the survey as he recognized its goal of motivating local government leaders to shift their role from being mere service providers to economic managers.
The PCCRP survey was conducted by the DTI-AIM Policy Center on 33 major urban centers nationwide which were classified into metro cities, medium-sized cities and small cities.
The survey asked the cities’ respective business sectors to determine their economic competitiveness and measure their effectiveness in providing an environment conducive for business and industry, and to quantify their ability to promote a better standard of living for its constituents.