The Municipality of Libungan in the first Congressional District of Cotabato is basically an Agricultural area. It has the basic requirements for agro-industries. It has lots of rice/corn mills, Buy/Sell, Agri-supply and Hardware supplies store. In the PALMA Alliance, Libungan has the biggest source of sand and gravel supply owing to the Libungan River bed. Libungan is also the home of the biggest poultry farm in the PALMA Alliance; it has also the Rock crusher and banana chips factory. It also has filling stations, pawnshops and a Rural Bank servicing mobility and financial requirements of local business.
The agricultural land in the municipality is planted with rice, corn and a hundred hectares to the traditional white corn variety. Coconut, mango and banana are also planted in the semi-sloping and upland areas.
In the last five years from 2014, the development of tourism in the municipality was minimal. The municipal government has eyed developing the Sapangbato River at Barangay Grebona, the waterfall at Barangay Sinapangan and the Boy & Girl Scout Camp at Barangay Demapaco as tourism sports. The waterfall at Sinapangan is the sole existing waterfall in Libungan and the BGS Camp in Demapaco was dilapidated. Tourists visiting the municipality primarily comes from adjacent municipalities and Cotabato City.
Total Number of Business Registrations
|Number of approved business permits for NEW business applications||ND||125||239||106||128|
|Number of approved business RENEWALS||281||293||210||397||429|
|TOTAL number of annual business registrations (ADDITIONS)||281||418||449||503||557|
|GROWTH of the Total Number of Business Registration||48.75%||7.18%||12.03%||10.74%|
Number of Banks and Financial Institutions
|Number of Universal/Commercial Banks||0||0||0||0||0|
|Number of Thrift and Savings Banks||0||0||0||0||0|
|Number of Rural Banks||1||1||1||1||1|
|Number of Finance Cooperatives||4||4||4||4||4|
|Number of Savings and Loans Associations with Quasi-Banking Functions||0||0||0||0||0|
|Number of Pawnshops||15||15||15||15||15|
|Number of Money Changers/Foreign Exchange Dealers||4||4||4||4||4|
|Number of Remittance Centers||5||5||5||5||5|
|Number of Microfinance Institutions||5||5||5||5||5|
|Total Number of Financial Institutions||34||34||34||34||34|