Aklan has 2 first class municipalities
Kalibo, Aklan (12 February) -- Aklan has 2 municipalities classified as first class now - Kalibo, the capital town, and the latest addition - Malay, which was recently re-classified from 3rd class to first class.
Malay is where the world-famous Boracay Island is.
Malay's re-classification is contained in Memorandum Circular No. 01-M(4)-08 issued by the Bureau of Local Government Finance (BLGF) of the Department of Finance dated November 19, 2008 re-classifying municipalities of the Province of Aklan effective July 29, 2008.
Malay's re-classification was based on Section 2 of Department Order No. 23-08 that states that the income classification of municipalities shall be based on the income brackets as follows: P55 M or more - 1st class; P45M or more but less than 55M - 2nd class; P35M or more but less than 45M - 3rd class; P25M or more but less than P35M- 4th class; P15M or more but less P25M - 5th class; and below P15M - 6th class.
According to LGU-Malay, its average annual income (in million pesos) for CYs 2004-2007 has reached P56.545, which is the reason for its re-classification as a first class municipality - now joining Kalibo.
Too, records of the BLGF showed that Malay placed 2nd in the entire Philippines in the CY 2006 Top Ten Municipalities based on collection from Locally Sourced Income (3rd Income Class category).
LGU-Malay, headed by Mayor Ciceron Cawaling, attributed the achievement of the municipality to investors and tourists who flock Boracay Island year-round, and to the entire Malaynon community. (LGU-Malay/PIA) [top]