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Economy of Marikina


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2000s, the Marikina shoe industry was affected by competition from Chinese manufacturers,.

Local markets

Public markets in Marikina are often divided into two, the dry goods section and the wet goods section. Commerce in these public markets are mostly active, especially in the early morning. Under the urban renewal program of the city, some of the public markets had been refurbished, like the Marikina Public Market, popularly known as "Marikina Market Mall", one of the biggest and cleanest market in Metro Manila, located in the city center of Marikina.

Shopping and commercial centers

Modern shopping malls dot the city especially in the southern portion of Marikina. SM City Marikina, Blue Wave Mall at Marquinton, C&Ps Cirlce Mall, are some of Metro Manila's major shopping and commercial centers. The popular recreation and commercial center in the city is the Riverbanks Center. Other major shopping centers that lies in Marcos Highway are Sta. Lucia East Grandmall, Robinsons Place Metro East and SM City Masinag.

Almost all of the major commercial international and local, and government banks in the Philippines operate a branch in the city. At this time, there are 60 banking institutions offer banking services to businesses and residents. Most of these are concentrated in Barangay Sta. Elena, Sto. NiƱo, Concepcion Uno, San Roque, Calumpang and Barangka.

Marikina lined up as one of Information Technology hub in Metro Manila and continuously growth of outsourcing and call centers, among them is ICT Groups, Sykes, NCO, Teletech, to name a few. There are numerous contact centers worldwide with IT-based offices in the Philippines in Makati City, Ortigas Center and Riverbanks Center in

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