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==Economy== [[File:One Bonifacio Skyline (Dec. 2024).jpg|thumb|The [[Philippine Stock Exchange]] headquarters in [[Bonifacio Global City]], [[Taguig]]]] The National Capital Region accounts for 31.1% of the [[gross domestic product]] of the Philippines in 2023.<ref name=":1">{{Cite web |date=April 25, 2024 |title=All Economies of 17 Regions Continue to Record Positive Growths in 2023; Central Visayas was the Fastest Growing Region at 7.3 Percent |url=https://psa.gov.ph/statistics/grdp/node/1684063404 |url-status=live |archive-url=https://web.archive.org/web/20210612235319/https://psa.gov.ph/grdp/grdp-id/138508 |archive-date=June 12, 2021 |access-date=May 25, 2021 |website=Philippine Statistics Authority}}</ref> Furthermore, it has the highest per capita GDP of the country at {{Philippine peso|530,945|link=yes}}.<ref>{{Cite web |date=July 25, 2013 |title=All Economies of 17 Regions Continue to Record Positive Growths in 2023; Central Visayas was the Fastest Growing Region at 7.3 Percent |url=https://psa.gov.ph/statistics/grdp/node/1684063404 |url-status=live |archive-url=https://web.archive.org/web/20150402194348/http://www.nscb.gov.ph/grdp/2012/perCapitaGRDP.asp |archive-date=April 2, 2015 |access-date=March 5, 2015 |publisher=Philippine Statistics Authority}}</ref> The employment rate in the region is at 91.3% {{As of|2021|April|lc=y}}.<ref name=":4" /> According to the [[Brookings Institution]], the 2014 share of output by industry in Metro Manila is as follows: trade and tourism: 31.4%, business/finance: 28.6%, local/non-market: 15.6%, manufacturing: 12.5%, transportation: 4.9%, construction: 4%, utilities: 2.8%, and commodities: 0.3%.<ref name="Brookings">{{Cite web |date=January 22, 2015 |title=2014 Global Metro Monitor Map |url=http://www.brookings.edu/research/reports2/2015/01/22-global-metro-monitor |url-status=live |archive-url=https://web.archive.org/web/20150321051346/http://www.brookings.edu/research/reports2/2015/01/22-global-metro-monitor |archive-date=March 21, 2015 |access-date=March 6, 2015 |publisher=[[Brookings Institution]]}}</ref> Metro Manila would add {{convert|1.85|e6sqm|e6sqmi|sp=us}} of office spaces between 2015 and 2017 in the central business districts in [[Makati]], [[Taguig]], and [[Quezon City]] as more global firms such as [[Google]] and [[HSBC]] seek to outsource business processes in the Philippines.<ref>{{Cite web |date=February 26, 2015 |title=Global firms fuel record surge in Manila office space |url=http://www.gmanetwork.com/news/story/442781/economy/companies/global-firms-fuel-record-surge-in-manila-office-space |url-status=live |archive-url=https://web.archive.org/web/20150402130211/http://www.gmanetwork.com/news/story/442781/economy/companies/global-firms-fuel-record-surge-in-manila-office-space |archive-date=April 2, 2015 |access-date=March 5, 2015 |publisher=[[GMA News and Public Affairs|GMA News Online]]}}</ref> The vacancy rate for office spaces remains low, at less 3% in the year-end of 2014.<ref>{{Cite news |date=February 25, 2015 |title=PH real estate sector to stay strong in 2015 |newspaper=[[Philippine Daily Inquirer|INQUIRER.net]] |url=http://business.inquirer.net/187339/ph-real-estate-sector-to-stay-strong-in-2015 |url-status=live |access-date=March 5, 2015 |archive-url=https://web.archive.org/web/20150227164636/http://business.inquirer.net/187339/ph-real-estate-sector-to-stay-strong-in-2015 |archive-date=February 27, 2015}}</ref> Manila remains as the least expensive capital city in the [[Asia-Pacific]] to occupy prime office space at an average rent of $22 per square meter per month.<ref>{{Cite news |date=August 24, 2014 |title=Our country's hope |newspaper=[[Philippine Daily Inquirer|INQUIRER.net]] |url=http://www.philstar.com/business/2014/08/24/1360994/our-countrys-hope |url-status=live |access-date=March 21, 2015 |archive-url=https://web.archive.org/web/20150315031434/http://www.philstar.com/business/2014/08/24/1360994/our-countrys-hope |archive-date=March 15, 2015}}</ref> Metro Manila makes it to the "Global Top 30" cities according to property consultancy firm [[Jones Lang LaSalle]], citing its economic scale, vast population, large gross domestic product and BPO specialization as its competitive edge.<ref>{{Cite news |date=March 6, 2015 |title=PH real estate gets boost from BPOs, hospitality, gaming, retail |work=Manila Standard Today |url=http://globalnation.inquirer.net/123347/metro-manila-makes-it-to-top-30-megacities-list |url-status=live |access-date=March 20, 2015 |archive-url=https://web.archive.org/web/20150523002912/http://globalnation.inquirer.net/123347/metro-manila-makes-it-to-top-30-megacities-list |archive-date=May 23, 2015}}</ref> Furthermore, the region ranks 3rd for the top [[business process outsourcing]] global destinations, next to [[Bangalore]] and [[Mumbai]].<ref>{{Cite web |last=Doris Dumlao-Abadilla |date=May 22, 2015 |title=Metro Manila makes it to top 30 megacities list |url=https://ph.news.yahoo.com/metro-manila--cebu-among-top-global-bpo-destinations-094957693.html |url-status=live |archive-url=https://web.archive.org/web/20150402201423/https://ph.news.yahoo.com/metro-manila--cebu-among-top-global-bpo-destinations-094957693.html |archive-date=April 2, 2015 |access-date=May 22, 2015 |publisher=INQUIRER.net}}</ref> The region's retail sector remains strong, bolstered by remittances abroad, BPOs, and its tourism sector.<ref>{{Cite news |date=March 6, 2015 |title=PH real estate gets boost from BPOs, hospitality, gaming, retail |work=Manila Standard Today |url=http://manilastandardtoday.com/2015/03/06/ph-real-estate-gets-boost-from-bpos-hospitality-gaming-retail/ |url-status=live |access-date=March 20, 2015 |archive-url=https://web.archive.org/web/20150318231555/http://manilastandardtoday.com/2015/03/06/ph-real-estate-gets-boost-from-bpos-hospitality-gaming-retail/ |archive-date=March 18, 2015}}</ref> [[File:Intramuros-Binondo Bridge.jpg|thumb|left|[[Binondo]], founded in 1594, is considered as the oldest [[chinatown]] in the world.<ref>{{Cite news |last=Umali |first=Justin |date=February 4, 2019 |title=How Binondo Became the World's Oldest Chinatown |work=[[Esquire (magazine)|Esquire]] |publisher=[[Summit Media]] |url=https://www.esquiremag.ph/long-reads/features/binondo-history-oldest-chinatown-a2212-20190204-lfrm |access-date=August 4, 2020 |archive-date=August 23, 2022 |archive-url=https://web.archive.org/web/20220823095347/https://www.esquiremag.ph/long-reads/features/binondo-history-oldest-chinatown-a2212-20190204-lfrm |url-status=live }}</ref>]] Historically, the main business district of the metropolis was [[Binondo]], where commercial trading flourished since the 15th century. By the 1960s, economic activities shifted from Binondo to [[Makati]]. It transformed Makati into one of the leading financial centers in [[Asia]]. Still, Binondo remained as a cultural and financial center because of the vast Chinese population residing and doing business in the area. The minimum wage of Metro Manila is at {{Philippine peso|645.00}} ([[United States dollars|$]]{{To USD|645.00|round=2|Philippines}}) per-day for non-agricultural workers and at {{Philippine peso|608.00}} (${{To USD|608.00|round=2|Philippines}}) per-day for those working in the agricultural sector,<ref>{{Cite news |date=July 1, 2024|first=Zen|last=Hernandez|title=NCR workers to get P35 daily minimum wage hike|work=[[ABS-CBN News]]|url=https://news.abs-cbn.com/business/2024/7/1/ncr-workers-to-get-p35-daily-minimum-wage-hike-1446|accessdate=August 23, 2024}}</ref> the highest minimum wage among all the [[Regions of the Philippines|17 regions]] of the country.<ref>{{Cite news |date=March 19, 2015 |title=Good news but… Metro Manila minimum pay up by P15 |newspaper=[[Philippine Daily Inquirer|INQUIRER.net]] |url=http://newsinfo.inquirer.net/679890/good-news-but-metro-manila-minimum-pay-up-by-p15 |url-status=live |access-date=March 20, 2015 |archive-url=https://web.archive.org/web/20150319190040/http://newsinfo.inquirer.net/679890/good-news-but-metro-manila-minimum-pay-up-by-p15 |archive-date=March 19, 2015}}</ref> However, an increase of ₱25 was made and implemented in November 2018.<ref>{{Cite web |title=P25 wage hike takes effect on November 22, 2018 |url=https://www.philstar.com/nation/2018/11/13/1868052/p25-wage-hike-takes-effect-november-22-2018 |url-status=live |archive-url=https://web.archive.org/web/20181112205522/https://www.philstar.com/nation/2018/11/13/1868052/p25-wage-hike-takes-effect-november-22-2018 |archive-date=November 12, 2018 |access-date=November 15, 2018 |website=philstar.com}}</ref> Nominal wages are what Metro Manila's current minimum wage rates are known as. The Philippine government has set these wage rates at a fixed amount. On the other hand, the amount after [[inflation]] is what is considered the real minimum wage. For instance, the non-agricultural employees of NCR typically receive ₱428.23 (${{To USD|428.23|round=2|Philippines}}) per day as opposed to ₱537 (${{To USD|537|round=2|Philippines}}). The minimum salary for agricultural employees in Manila (including plantation and non-plantation workers) is {{Philippine peso|398.72}} (${{To USD|398.72|round=2|Philippines}}) after accounting for inflation. ===Central business districts=== [[File:Ayala Avenue (Makati; 04-15-2022).jpg|thumbnail|left|[[Ayala Avenue]] in [[Makati]].]] [[File:Bonifacio Global City - 32nd Ave. (BGC, Taguig)(2018-06-04).jpg|thumb|32nd Avenue in [[Bonifacio Global City]].]] [[File:Ortigas.jpg|thumb|[[Ortigas Avenue]] in [[Pasig]].]] Metro Manila has many central business districts (CBD), which categorizes it under the [[multiple nuclei model]] in [[human geography]] terms. The most prominent CBDs are the [[Makati Central Business District]], [[Bonifacio Global City]], [[Ortigas Center]], [[Binondo]], and [[Filinvest City]]. The region also has plenty of [[mixed-use development]]s owned and developed by private corporations such as the [[Ayala Corporation]], [[LT Group|Eton Properties]], [[Megaworld Corporation]] and [[SM Prime Holdings]]. The [[Makati Central Business District]] is the premier business and commercial center of the Philippines. It is the headquarters to most of the multinational corporations residing in the Philippines as well as the country's biggest commercial firms and BPO companies.<ref>{{Cite web |title=Working in the Philippines |url=http://www.makeitmakati.com/about-the-city/working-in-the-philippines |url-status=dead |archive-url=https://web.archive.org/web/20130427180723/http://www.makeitmakati.com/about-the-city/working-in-the-philippines |archive-date=April 27, 2013 |access-date=March 5, 2015 |publisher=Make it Makati}}</ref> The Central Business District has an office stock of 1.1 million square meters of Grade A and premium office space.<ref name="Fort Bonifacio">{{Cite news |last=Roderick T. dela Cruz |date=January 3, 2015 |title=Fort Bonifacio eclipsing Makati CBD |work=Manila Standard Today |url=http://manilastandardtoday.com/2015/01/03/fort-bonifacio-eclipsing-makati-cbd/ |url-status=dead |access-date=March 20, 2015 |archive-url=https://web.archive.org/web/20150711091224/http://manilastandardtoday.com/2015/01/03/fort-bonifacio-eclipsing-makati-cbd |archive-date=July 11, 2015}}</ref> It is the home to the [[List of tallest buildings in Metro Manila|tallest skyscrapers in the region]] as well as [[List of tallest buildings in the Philippines|in the country]]. [[Bonifacio Global City]] is the newest business district of Manila and is the premier financial and lifestyle center of the metropolis. It is located in the north-western part of [[Taguig]]. It used to be a military base known as [[Fort Bonifacio]]. The Bases and Conversion Development Authority (BCDA) privatized the property and its income from the sale was intended to be used for the modernization of the [[Armed Forces of the Philippines]]. Upon its privatization, the place was transformed into a business hub featuring numerous tourist attractions such as [[The Mind Museum]], high-end shops, towering office skyscrapers, and luxurious lofts and condominiums. Bonifacio Global City will soon overtake the [[Makati Central Business District]] as the premier financial center of the country in the future. One of the reasons for it is that the [[Philippine Stock Exchange]] relocated its headquarters in BGC. Also, it has more spaces and land for future developments. It is also the most active business district, generating over 50 percent of the growth in property market and has more available space for rent or lease and sale than Makati.<ref name="Fort Bonifacio" /> [[Ortigas Center]] is a central business district located in [[Mandaluyong]] and [[Pasig]], with a small portion of it located in [[Quezon City]]. Landmarks in Ortigas include the [[EDSA Shrine]], [[Shangri-La Plaza (shopping mall)|Shangri-La Plaza]] and the [[SM Megamall]]. Furthermore, [[The Medical City]] has its main campus in Ortigas Center. Important financial and national institutions headquartered in Ortigas are the [[Asian Development Bank]], [[Union Bank of the Philippines]] and the [[National Economic and Development Authority]]. Ortigas is also the home to the headquarters of [[San Miguel Corporation]], [[Jollibee Foods Corporation]], [[Lopez Group of Companies]] and [[Meralco|The Manila Electric Company]]. ===Shopping=== {{See also|List of shopping malls in Metro Manila}} [[File:View_of_Pasay_City_at_SM_Mall_of_Asia.tif|thumb|Aerial view of the [[SM Mall of Asia|SM Mall of Asia Complex]] (2016)]] ''[[Global Blue]]'' ranked Manila as one of the "Best Shopping Destinations" in [[Asia]].<ref>{{Cite web |title=The Globe Shopper Index |url=http://www.globeshopperindex.com/en/destinations/Asia/Manila |url-status=dead |archive-url=https://web.archive.org/web/20140119112650/http://www.globeshopperindex.com/en/destinations/asia/Manila |archive-date=January 19, 2014 |access-date=September 13, 2013 |publisher=[[Global Blue]]}}</ref><ref>{{Cite web |title=Manila 11th most attractive shopping destination in Asia Pacific –study |url=http://ph.news.yahoo.com/manila-11th-most-attractive-shopping-destination-asia-pacific-050612020.html |url-status=live |archive-url=https://web.archive.org/web/20130224033858/http://ph.news.yahoo.com/manila-11th-most-attractive-shopping-destination-asia-pacific-050612020.html |archive-date=February 24, 2013 |access-date=March 26, 2013 |publisher=Yahoo! Philippines}}</ref> Metro Manila is home to some of the [[List of largest shopping malls in the world|largest shopping malls in the world]], five of which are in the top 20. [[SM Mall of Asia]] in [[Pasay]] ranks as the 5th largest shopping mall in the world, followed by [[SM North EDSA]] in [[Quezon City]] bagging the 13th place. Meanwhile, [[SM Megamall]] in [[Mandaluyong]] ranks as the 15th largest [[shopping mall]] in the world. Other significant shopping malls in Metro Manila are the Ever Gotesco Commonwealth Center, [[Festival Supermall]], [[Greenbelt (Ayala Center)|Greenbelt]], [[Market! Market!]], [[SM Aura Premier]], [[SM Southmall]] and [[TriNoma]]. ===Tourism and gambling=== {{Main|Tourism in Manila|Gambling in Metro Manila}} [[File:Iglesia de San Agustín, Manila, Filipinas, 2023-08-27, DD 73.jpg|thumb|[[San Agustin Church (Manila)|San Agustin Church]], built in 1604, is a [[UNESCO World Heritage Site]].]] [[Tourism]] is a vital industry of the region. Metro Manila is the main gateway to the Philippines. Trade and tourism represent 31.4% of share of NCR's output by industry according to [[Brookings Institution]].<ref name="Brookings" /> Metro Manila welcomed 974,379 overnight visitors in 2012, making it the top overnight tourist destination of the country.<ref>{{Cite news |title=Metro Manila is top overnight tourist destination–DOT |work=[[BusinessMirror]] |url=http://businessmirror.com.ph/index.php/en/lifestyle/tourism/17067-metro-manila-is-top-overnight-tourist-destination-dot |url-status=dead |access-date=September 13, 2013 |archive-url=https://web.archive.org/web/20130917163131/http://www.businessmirror.com.ph/index.php/en/lifestyle/tourism/17067-metro-manila-is-top-overnight-tourist-destination-dot |archive-date=September 17, 2013}}</ref> [[Manila]] is visited by the majority of international tourists coming to the country registering a total of 3,139,756 arrivals in 2012.<ref>{{Cite web |title=Visitor Arrival and Profile – 2012 |url=http://www.visitmyphilippines.com/images/ads/d99866e3b07afd904fb04c3c2aef018d.pdf |url-status=dead |archive-url=https://web.archive.org/web/20150402121306/http://www.visitmyphilippines.com/images/ads/d99866e3b07afd904fb04c3c2aef018d.pdf |archive-date=April 2, 2015 |access-date=September 13, 2013 |publisher=[[Department of Tourism (Philippines)|Department of Tourism]]}}</ref> Metro Manila has opened 4,612 hotel rooms in 2015. It is also expected to exceed the 3,500 annual addition of hotel rooms in the next two years.<ref>{{Cite news |date=March 11, 2015 |title=Hotel groups in race to tap Manila gaming scene |work=[[South China Morning Post]] |url=http://www.scmp.com/property/international/article/1734428/hotel-groups-race-tap-manila-gaming-scene |url-status=live |access-date=March 23, 2015 |archive-url=https://web.archive.org/web/20150317144756/http://www.scmp.com/property/international/article/1734428/hotel-groups-race-tap-manila-gaming-scene |archive-date=March 17, 2015}}</ref><ref>{{Cite news |date=March 7, 2015 |title=Hotel boom in Manila offers hope to domestic tourism |work=[[Manila Bulletin]] |url=http://www.mb.com.ph/hotel-boom-in-manila-offers-hope-to-domestic-tourism/ |url-status=live |access-date=March 8, 2015 |archive-url=https://web.archive.org/web/20150402183344/http://www.mb.com.ph/hotel-boom-in-manila-offers-hope-to-domestic-tourism/ |archive-date=April 2, 2015}}</ref><ref>{{Cite news |last=Neil Jerome Morales |date=March 6, 2015 |title=Hotel boom in Manila offers hope to Philippine tourism |work=[[Manila Bulletin]] |url=http://www.gmanetwork.com/news/story/447961/economy/companies/hotel-boom-in-manila-offers-hope-to-philippine-tourism |url-status=live |access-date=March 23, 2015 |archive-url=https://web.archive.org/web/20150328203931/http://www.gmanetwork.com/news/story/447961/economy/companies/hotel-boom-in-manila-offers-hope-to-philippine-tourism |archive-date=March 28, 2015}}</ref> [[Gambling in Manila|Gambling in Metro Manila]] has also become a popular tourist attraction in the region. Metro Manila is a popular gaming destination in [[Asia]],<ref>{{Cite web |title=Billion $ paradise – Manila stakes its claim |url=http://www.macaubusiness.com/news/gaming/billion-paradise-manila-stakes-its-claim.html |url-status=dead |archive-url=https://web.archive.org/web/20150223144833/http://www.macaubusiness.com/news/gaming/billion-paradise-manila-stakes-its-claim.html |archive-date=February 23, 2015 |access-date=August 28, 2014 |publisher=Macau Business}}</ref> rivaling other major gaming destinations such as [[Macau]] and [[Singapore]].<ref>{{Cite web |title=PAGCOR: Entertainment City is all about entertainment and tourism |url=http://www.abs-cbnnews.com/anc/04/05/08/pagcor-entertainment-city-all-about-entertainment-and-tourism |url-status=live |archive-url=https://web.archive.org/web/20120917160302/http://www.abs-cbnnews.com/anc/04/05/08/pagcor-entertainment-city-all-about-entertainment-and-tourism |archive-date=September 17, 2012 |access-date=March 26, 2013 |publisher=ABS-CBNnews.com}}</ref><ref>{{Cite web |title=Pagcor's Entertainment City seen to draw extra 1-M tourists |url=http://www.philstar.com/business/727913/pagcors-entertainment-city-seen-draw-extra-1-m-tourists |url-status=live |archive-url=https://web.archive.org/web/20150402165820/http://www.philstar.com/business/727913/pagcors-entertainment-city-seen-draw-extra-1-m-tourists |archive-date=April 2, 2015 |access-date=March 26, 2013 |publisher=Philstar.com Business}}</ref> There are around 20 casinos in the metropolis,<ref>{{Cite news |title=Economics and morals of gambling |work=[[The Manila Times]] |url=http://www.manilatimes.net/economics-and-morals-of-gambling/98559/ |url-status=live |access-date=September 17, 2014 |archive-url=https://web.archive.org/web/20140524024019/http://www.manilatimes.net/economics-and-morals-of-gambling/98559/ |archive-date=May 24, 2014}}</ref> featuring luxurious [[casino hotel]]s and [[integrated resort]]s. Its thriving local gambling market makes Manila attractive to casino operators.<ref>{{Cite news |title=Glitzy casinos to lure more tourists to Manila |work=The Malay Mail Online |url=http://www.themalaymailonline.com/travel/article/glitzy-casinos-to-lure-more-tourists-to-manila |url-status=live |access-date=March 23, 2015 |archive-url=https://web.archive.org/web/20150402103826/http://www.themalaymailonline.com/travel/article/glitzy-casinos-to-lure-more-tourists-to-manila |archive-date=April 2, 2015}}</ref> Popular gaming destinations are [[Newport World Resorts]] in [[Newport City, Philippines|Newport City]] in [[Pasay]], [[Solaire Resort & Casino]], [[City of Dreams Manila]], [[Okada Manila]], Westside City Resorts World, and [[NayonLanding]] in [[Entertainment City]] in [[Bay City, Metro Manila|Bay City]], [[Parañaque]].<ref>{{Cite news |title=Pagcor lowers license fees for operators |work=[[Manila Bulletin]] |url=http://www.mb.com.ph/pagcor-lowers-license-fees-for-operators/ |url-status=dead |access-date=September 17, 2014 |archive-url=https://web.archive.org/web/20150402190504/http://www.mb.com.ph/pagcor-lowers-license-fees-for-operators/ |archive-date=April 2, 2015}}</ref> [[File:Okada_Manila.jpg|thumb|left|[[Okada Manila]] is one of Metro Manila's integrated casino resort and hotel complex.]] [[Intramuros]] is the historic walled area within the modern City of Manila. Originally, it was considered to be Manila itself at the time when the Philippines was under the [[Spanish Empire]] colonial rule. Owing to its history and cultural value, [[Intramuros]] and [[Rizal Park]] were designated as flagship destination to become a tourism enterprise zone in the Tourism Act of 2009.<ref name="TourismAct" /> [[Intramuros]] is managed by the [[Intramuros Administration]]. The architecture of Intramuros reflects the Spanish colonial style and the American [[neoclassical architecture|neoclassical architectural style]], since the Philippines was a colony of [[Spain]] and the [[United States]] before it was granted its independence in 1946. [[Kalesa]] is a popular mode of transportation in Intramuros and nearby places<ref>{{Cite news |last=Jovic Lee |date=July 20, 2014 |title=Intramuros cocheros: Hooves, history and hope for a fare hike |newspaper=[[Philippine Daily Inquirer|INQUIRER.net]] |url=http://newsinfo.inquirer.net/621494/intramuros-cocheros-hooves-history-and-hope-for-a-fare-hike |url-status=live |access-date=March 23, 2015 |archive-url=https://web.archive.org/web/20160307100514/http://newsinfo.inquirer.net/621494/intramuros-cocheros-hooves-history-and-hope-for-a-fare-hike |archive-date=March 7, 2016}}</ref> such as [[Binondo]], [[Ermita]] and the [[Rizal Park]]. Popular tourist destinations in Intramuros include the Baluarte de San Diego, Club Intramuros Golf Course, [[Cuartel de Santa Lucia]], [[Fort Santiago]], [[Manila Cathedral]], [[Palacio Arzobispal]], Palacio de Santa Potenciana, Palacio del Gobernador, Plaza Mexico, Plaza de Roma, [[San Agustin Church (Manila)|San Agustin Church]] and its newest tourist attraction, the [[Ayuntamiento de Manila]].<ref>{{Cite news |last=Jennifer Ambanta |date=February 22, 2015 |title=New tourist attraction to open in Intramuros |work=Manila Standard Today |url=http://manilastandardtoday.com/2015/02/22/new-tourist-attraction-to-open-in-intramuros/ |url-status=live |access-date=March 23, 2015 |archive-url=https://web.archive.org/web/20150402130053/http://manilastandardtoday.com/2015/02/22/new-tourist-attraction-to-open-in-intramuros/ |archive-date=April 2, 2015}}</ref> Some of the country's oldest schools are founded in [[Intramuros]], these are the [[University of Santo Tomas]] (1611), [[Colegio de San Juan de Letran]] (1620), and [[Ateneo de Manila University]] (1859). Only [[Colegio de San Juan de Letran]] (1620) remains at Intramuros; the [[University of Santo Tomas]] transferred to a new campus at [[Sampaloc, Manila|Sampaloc]] in 1927, and Ateneo left Intramuros for Loyola Heights, [[Quezon City]] (while still retaining "de Manila" in its name) in 1952. Other prominent educational institutions include the [[Manila High School (Intramuros)|Manila High School]] and the [[University of the City of Manila]].
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