Commerce and trade

Registered Business Establishments

For the year 2022, the City had 10, 043 registered business establishments. The 42% increase in the new number of businesses showed that more investors were inclined to do business in Lipa City. 

Banking and Finance

The City has 318 financial institutions and 44 major banks in the city. Last 2021, according to the report of the Bangko Sentral ng Pilipinas, Lipa has the highest deposit accounts in the whole province. 

CALABARZON Cities with Biggest Bank Deposits

Lipa City ranked third among CALABARZON Cities and first in Batangas with biggest amount of bank deposits after Calamba and Antipolo according to the latest figures provided by Philippine Deposit Insurance Corporation or PDIC as of Dec 31 2021.

Lipa City has the most number of banks as well in Batangas province and second in CALABARZON. This financial aspect of Lipa is one of the major drawer for the city’s commercial status with the presence of well known brands and logos.

Meanwhile, Batangas province ranked #7 among provinces in the Philippines with biggest bank deposits where Cebu, Cavite, and Laguna occupied the top three respectively. 

Major Business Establishments in 2022

a. Industrial Estate - LIMA Technology Center strategically located at the Lipa -Malvar area of Batangas 

b. Retail Trade 

• SM Mall Lipa

• SM Supermarket

• Ace Hardware

• Robinsons Mall

• Handyman

• S&R

• The Outlets Lipa

• Fiesta World Mall

• Super 8

• South Supermarket

• Puregold

• Southern Twins Supermarket

• Tagumpay

• Alfa Mart

• Dali

Call Centers

The city has thirteen (13) call centers as of 2021. 

• Teletech

• The Results Companies

• DJM Business Solutions

• Clear to Close Services, Inc.

• Maestro Systemas Technology

• Efficient Business Operations Inc.

• MDOS Healthcare Services

• Primary Care Mgt. Services

• D to D BPO Solutions

• Alorica Philippines Inc. 

• IMBC Services, OPC

• Telezone Contact Center

• Hosphil Medical Services

Local Economic Enterprise

Market

The City public market - the Candido B. Lopez Public Market located at Barangay 3 

A local economic enterprise like the public market plays a very significant role in local government units because it augments the LGU's income. In CY 2022, the public market undewent major transformation in terms of its management and operation. Market regulations and policies were strictly enforced by aligning the policies and fees to the Market Code. The Local Economic Enterprise Division continously facilitated the issuance of 2, 487 market certfications and lease contracts for securing the mayor's permit, utilities application and repair of stalls. 

Slaughterhouse

The City has Classified AAA Slaughterhouse located at Tanco Drive. It was leased for twenty years but the City Government has its full power to regulate its operation.

Auction Market

The City has one Auction Market located at Barangay Balintawak. Auction for animals are held during Wednesdays and Sundays and the type of animals usually auctioned are cattle and fighting cocks.

Industry

For the year 2022, the city has 231 registered industries. Also, annually, the city recognizes the outstanding effort and great contribution for the success of the city of the Top 100 Taxpayers. 

The City has one Industrial Estate known as Lima Technology center located at Brgy. Bugtong. It sits on a 700 hectare property within the boundaries of Malvar and Lipa. Hereunder is the updated list of Peza Locators in and out of LIMA.