The City of Manila is situated on the eastern shore of Manila Bay, on the western edge of Luzon, 1300 km from mainland Asia. One of Manila’s greatest natural resources is the protected harbor upon which it sits, regarded as the finest in all of Asia. The Pasig River flows through the middle of city, dividing it into the north and south.The overall grade of the city’s central, built-up areas, is relatively consistent with the natural flatness of its overall natural geography, generally exhibiting only slight differentiation otherwise. Almost all of Manila sits on top of centuries of prehistoric alluvial deposits built by the waters of the Pasig River and on some land reclaimed from Manila Bay. Manila’s land has been altered substantially by human intervention, with considerable land reclamation along the waterfronts since the American colonial times. Some of the city’s natural variations in topography have been evened out. As of 2013, Manila had a total area of 42.88 square kilometers.
In 2017, the City Government approved five reclamation projects: the New Manila Bay–City of Pearl (New Manila Bay International Community) (407.43 hectares), Solar City (148 hectares), the Manila Harbour Center expansion (50 hectares), Manila Waterfront City (318 hectares) and Horizon Manila (419 hectares). Once completed, it will increase the city’s total area from 42.88 km2 (4,288 ha) to 58.3 km2 (5,830 ha). Another reclamation project is possible and when built, it will contain the in-city housing relocation projects. Reclamation projects have been criticized by environmental activists and the Philippine Catholic Church, claiming that these are not sustainable and would put communities at risk of flooding. In line of the upcoming reclamation projects, the Philippines and the Netherlands forged a cooperation to craft the ₱250 million Manila Bay Sustainable Development Master Plan to guide future decisions on programs and projects on Manila Bay.
Economy
Manila is a major center for commerce, banking and finance, retailing, transportation, tourism, real estate, new media as well as traditional media, advertising, legal services, accounting, insurance, theater, fashion, and the arts in the Philippines. Around 60,000 establishments operate in the city. The National Competitiveness Council of the Philippines which annually publishes the Cities and Municipalities Competitiveness Index (CMCI), ranks the cities, municipalities and provinces of the country according to their economic dynamism, government efficiency and infrastructure. According to the 2016 CMCI, Manila was the second most competitive city in the Philippines. Manila placed third in the Highly Urbanized City (HUC) category. Manila held the title country’s most competitive city in 2015, and since then has been making it to the top 3, assuring that the city is consistently one of the best place to live in and do business. Lars Wittig, the country manager of Regus Philippines, hailed Manila as the third best city in the country to launch a start-up business.
The Port of Manila is the largest seaport in the Philippines, making it the premier international shipping gateway to the country. The Philippine Ports Authority is the government agency responsible to oversee the operation and management of the ports. The International Container Terminal Services Inc. cited by the Asian Development Bank as one of the top five major maritime terminal operators in the world has its headquarters and main operations on the ports of Manila. Another port operator, the Asian Terminal Incorporated, has its corporate office and main operations in the Manila South Harbor and its container depository located in Santa Mesa.
Manila is a major center for commerce, banking and finance, retailing, transportation, tourism, real estate, new media as well as traditional media, advertising, legal services, accounting, insurance, theater, fashion, and the arts in the Philippines. Around 60,000 establishments operate in the city.
The National Competitiveness Council of the Philippines which annually publishes the Cities and Municipalities Competitiveness Index (CMCI), ranks the cities, municipalities and provinces of the country according to their economic dynamism, government efficiency and infrastructure. According to the 2016 CMCI, Manila was the second most competitive city in the Philippines. Manila placed third in the Highly Urbanized City (HUC) category. Manila held the title country’s most competitive city in 2015, and since then has been making it to the top 3, assuring that the city is consistently one of the best place to live in and do business. Lars Wittig, the country manager of Regus Philippines, hailed Manila as the third best city in the country to launch a start-up business.
The Port of Manila is the largest seaport in the Philippines, making it the premier international shipping gateway to the country. The Philippine Ports Authority is the government agency responsible to oversee the operation and management of the ports. The International Container Terminal Services Inc. cited by the Asian Development Bank as one of the top five major maritime terminal operators in the world has its headquarters and main operations on the ports of Manila. Another port operator, the Asian Terminal Incorporated, has its corporate office and main operations in the Manila South Harbor and its container depository located in Santa Mesa.
Binondo, the oldest and one of the largest Chinatowns in the world, was the center of commerce and business activities in the city. Numerous residential and office skyscrapers are found within its medieval streets. Plans to make the Chinatown area into a business process outsourcing (BPO) hub progresses and is aggressively pursued by the city government of Manila. 30 buildings are already identified to be converted into BPO offices. These buildings are mostly located along the Escolta Street of Binondo, which are all unoccupied and can be converted into offices. Divisoria in Tondo is known as the “shopping mecca of the Philippines.” Numerous shopping malls are located in this place, which sells products and goods at bargain price. Small vendors occupy several roads that causes pedestrian and vehicular traffic. A famous landmark in Divisoria is the Tutuban Center, a large shopping mall that is a part of the Philippine National Railways’ Main Station. It attracts 1 million people every month, but is expected to add another 400,000 people when the LRT Line 2 West Extension is constructed, which is set to make it as Manila’s busiest transfer station. Diverse manufacturers within the city produce industrial-related products such as chemicals, textiles, clothing, and electronic goods. Food and beverages and tobacco products also produced. Local entrepreneurs continue to process primary commodities for export, including rope, plywood, refined sugar, copra, and coconut oil. The food-processing industry is one of the most stable major manufacturing sector in the city.
The Pandacan Oil Depot houses the storage facilities and distribution terminals of the three major players in the country’s petroleum industry, namely Caltex Philippines, Pilipinas Shell and Petron Corporation. The oil depot has been a subject of various concerns, including its environmental and health impact to the residents of Manila. The Supreme Court has ordered that the oil depot to be relocated outside the city by July 2015, but it failed to meet this deadline. Most of the oil depot facility inside the 33 hectare compound have been demolished, and plans are put into place to transform it into a transport hub or even a food park.
Manila is a major publishing center in the Philippines. Manila Bulletin, the Philippines’ largest broadsheet newspaper by circulation, is headquartered in Intramuros. Other major publishing companies in the country like The Manila Times, The Philippine Star and Manila Standard Today are headquartered in the Port Area. The Chinese Commercial News, the Philippines’ oldest existing Chinese-language newspaper, and the country’s third-oldest existing newspaper is headquartered in Binondo.
Manila serves as the headquarters of the Central Bank of the Philippines which is located along Roxas Boulevard. Some universal banks in the Philippines that has its headquarters in the city are the Landbank of the Philippines and Philippine Trust Company. Unilever Philippines used to have its corporate office along United Nations Avenue in Paco before transferring to Bonifacio Global City in 2016. Toyota, a company listed in the Forbes Global 2000, also has its regional office along UN Avenue.