While Davao City tops the list, Baguio City ranks no. 9 but is nonetheless in top 10 of the second next wave cities based on the 2010 scorecard. Comm. Monchito Ibrahim revealed in his keynote speech during the ICT organization meeting of the Baguio City ICT council last April 29, 2011 at the Prince Plaza Hotel, Baguio City. Factors considered in the scorecard are, as follows: (a) talent ( available local graduates, professionals, other labor force, and colleges/universities producing the labor force); (b) infrastructure (hotel availability, quality of their roads, access to international and domestic flights, presence of providers of fiber optic networks, reliability of power supply); (c ) cost of doing business (median base pay, power rates ); and, (d) business environment (vulnerability to natural disturbances, peace and order situation, the presence of PEZA sites and ICT councils, among others).
Baguio garnered relatively low on three factors as it scored 62 percent on cost of doing business, 72 percent on talent, and 74 percent on business environment. It got high, however, on availability of support infrastructure with 89 percent.
Unless the city will improve on these parameters, it will miss the bus of creating fresh business opportunities which drive new commercial activities resulting in wealth and added value to the local economy. It is for this reason that the ICT council was organized to formulate appropriate strategies and identify programs and projects in order to improve the city’s scorecard.
The organizational meeting was attended by 35 participants from CAR regional line agencies (DOST, NEDA, DOLE, and DTI); other government agencies (National Grid Corporation, CICT, PEZA); local government (CPDO), private sector (BENECO, CREBA, PLDT, Intercontinental Hotel Group of Companies, Convergys, BPAP, Baguio Chamber of Commerce, Aegis), and academe (AMA, NIIT, UC,SLU).