Rizal - Economy

Economy

Before the 1990s, the primary source of economy in Rizal province were the huge piggery estates owned by Manila-based families. In the recent years, the province became one of the most progressive provinces in country, owing to its proximity to Metro Manila, the economic center of the Philippines. Antipolo, Taytay and Cainta serve as the economic centers of the province, while Angono, Rodriguez, Morong, San Mateo, Tanay, Binangonan and Teresa are taking successful steps to urbanize areas within their jurisdiction. Other areas of the province are having difficulty to start the urbanization process, mainly because of the lack of main roads to connect these to economic centers.

In a study recently conducted by the National Statistics Coordination Board (NSCB), Rizal province came out to be the Philippines' least poor province with a poverty incidence rate of 3.4%, even lower than that of the National Capital Region or Metro Manila.

Antipolo, the province's capital city, is the center of trade and exchange, tourism, government and economy. It is also a center of education and sports because of the availability of various educational and physical training facilities. Acclaimed of its scenic attractions, the city also produces agricultural products such as cashew nuts and rice cakes. Taytay, the province's center of garment and textile manufacturing, is also the town where the country's largest mall operator runs a store near the town center. Meanwhile, Cainta serves as the center of business-process outsourcing (BPO) businesses in the province, aside from being known for the presence of several shopping centers and delicacies such as bibingka or rice cakes.