Pasig - Economy

Economy

The western part of the city is where most of Pasig's financial resources are primarily concentrated. It includes numerous factories, warehouses, establishments and commercial facilities. Primarily they situated in the Ortigas Center, Pasig proper and along E. Rodriguez Jr. Avenue (C-5) and Ortigas Avenue. Real estate and commercial developments along Mercedes Avenue and other areas near the city center are developing. The eastern part was mostly dominated with residential areas but numerous commercial establishment are now developing along Marcos Highway. Per capita income (GDP) of Pasig is $12,032 per year. The barangay of San Antonio has the largest income in Pasig, second only to San Lorenzo of Makati as the largest single income-generated government unit in the Philippines.

Arguably more significant western part of Pasig, east of the city of Mandaluyong and as part of the barangay of San Antonio, lies the Ortigas Center. One of the top business districts in the country, numerous high-rise office buildings, residential condominiums, commercial establishments, schools and malls are situated here. The University of Asia and the Pacific (UA&P), one of the most exclusive universities in the country is located here. The head office of the Integrated Bar of the Philippines was also established here. The headquarters of the Philippine Stock Exchange, which is also home to one of trading floors of the country, is located here along ADB Avenue. The headquarters of San Miguel Corporation, owner of one of the largest producer of beer in Asia, is located along San Miguel Avenue. Situated along Ortigas Avenue lies the Crowne Plaza, a prestigious five-star hotel near Robinsons Galleria. The planned tallest building in the Philippines, the One Galleon Place, will soon rise in this area as the flagship of Ortigas Center's developer Ortigas & Co. Ltd. Partnership (OCLP). It will surpass New York City's iconic Empire State Building if completed.

Notable along Ortigas Avenue and E. Rodriguez Jr. Avenue (C-5) lies Frontera Verde, a newly privately owned development area which boasts restaurants, pet shops, mall, park, village, office buildings and a small zoo. The shopping complex Tiendesitas was located here, a one spot hub that can rival the world-renowned Chatuchak market of Bangkok, Thailand. El-Pueblo, a colonial-themed commercial complex in Ortigas Center, provides new concept of cafes, restaurants and bars. Metrowalk (formerly Payanig), a commercial hub along Ortigas Avenue and Meralco Avenue, was established in 2005 near Ortigas Center which comprises shops, depot warehouses, stalls, restaurants and bars.

Northwest of Ortigas Center lies the Meralco complex where numerous buildings, training center and hospital are located. Notable are the head office of Manila Electric Company (Meralco), the largest electrical distribution company in the Philippines. Located here along Ortigas Avenue is the privately-owned hospital The Medical City, the business hub Rockwell Business Center, ADMU School of Medicine and Public Health and the MFI Foundation Inc.

The Mutya ng Pasig Market (Pasig Mega Market) are renovated and installed with 3,000 stalls in the two-hectare lot near the municipal hall of Pasig, a new attraction for shoppers with a mall-like ambience. The Pasig City Revolving Tower (Caruncho Tower) are now the seat of the market's administration office.