page_title: Masbate City
section_title: Economy
hierarchical_section_title: Masbate City / Economy
caption_attribution_description: English: Public market, Masbate City, Masbate, Philippines
context_page_description: Masbate City, officially the City of Masbate, is a 4th class city and capital of the province of Masbate, Philippines. According to the 2015 census, it has a population of 95,389 people.
  As the only city in the province, Masbate City serves as the province's main commercial center and chief seaport. The city is more or less situated at the center of Masbate province and Masbate Island, about 212 aerial miles and 362 nautical miles from Manila. It is noted for its well-protected seaport, with Ticao Island acting as barrier against the effects of inclement weather from the north-east. Being located at the central part of the Philippine archipelago, the city serves as Bicol Region's gateway to the Visayas and Mindanao. It is accessible through sea and air transportation.
context_section_description: Masbate City was recognized by the Philippine Chamber of Commerce and Industry as Top 4 Awardee Nationwide in the 2013 Most Business-Friendly LGU Award (City Level 3 Category). The city is also cited as the 20th Most Competitive City among 143 cities in the Philippines.
  The city is the center of trading activities in the province. It serves as the intra-distributor of almost all commodities being traded to other municipalities in the entire province.
caption: Lugsadan Commercial Center, Masbate City
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