Economy
Imus is the foremost banking center of Cavite with numerous financial institution and also an excellent banking infrastructure is being propagated by the present government to spearhead the development of the city. For the past 10 years, the city of Imus has shown a steady rise in its income, making it earn an income classification of 1st class in 1986. Its 9,701 hectare-land area serves as home to a population of 195,482. In 1993, Imus had 1,369 commercial establishments, 200 manufacturing establishments and 41 financial institutions. Ten years hence, it has 6,636 licensed business establishments that include 4,376 commercial establishments, 300 manufacturing establishments and 190 financial institutions.
With a comfortable 18 km distance from Metro Manila, Imus serves as a favorable site for industrial establishments such as the 200-hectare (490-acre) Imus Informal Industrial Estate and Anabu Hills Industrial Estate. Corporations that are 100% Filipino-owned such as Annie's Candy Manufacturing, Inc., CKL Industries and Liwayway Mktg. Corp. Factories of partly Filipino-owned corporations such as Champan Garment Corp., Hayag Motorworks & Machine Shop and San Miguel-Yamamura Asia Corp. and foreign-owned corporations such as EDS MFG, Inc., which produces automotive wiring harness and Frontline Garments Corp., can be found in Imus. Imus is also the home of the Anabu Handmade Paper Products, a producer of handmade paper and paper products.
The Imus Commercial/Business District along Nueño Avenue (also called Imus Boulevard) is the center of commerce in the city. The Imus Public Market (officially Pamilihang Bayan ng Imus) is the hub of trade in the district. The market is divided into 25 zones and has a total of 805 stalls. Commercial, industrial and manufacturing industries owned by Taiwanese, Japanese and Filipino investors can also be found there. There are 3,601 commercial establishments duly registered in the city as of March 1999.
Investors will find an atmosphere conducive to business and a climate of optimism and buoyancy in Imus. Eighteen major industrial establishments with a total capitalization of 1.311 billion pesos have established their base at the Imus Informal Industrial Estate providing local employment to an estimated 13,478 people as of December 1998. Located just along the stretch of the General Emilio Aguinaldo Highway, the 200-hectare informal industrial estate houses manufacturing companies owned by foreign and Filipino investors. Imus has ventured to the export of automotive wire harness and electrical components, acrylic sheets and lighting fixtures, processed foods, shellcraft, bamboo, rattan and woodcraft, furniture, garments and novelty items to other countries. The implementation of the strategic Daang Hari Road will further augment the development of Imus. Several subdivisions and mass housing projects and the establishment of factories and small-scale industries in many of its barangays haveresulted in a movement of population into the city.
However, heavy traffic congestion caused by the 'buhos' (pour) system, inadequate road signage and systems, poor road maintenance, mixed vehicles (tricycles, pedicabs, bicycles, etc.), unjustified traffic priority schemes and rampant violation of traffic rules is observable on roads. This is causing headaches to travelers specifically along Aguinaldo Highway, Cavite's main highway traversing the city from North to South.
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