MinDa Asst. Sec. Montenegro: Mindanao 2019 GRDP Projected At 7.2%

MOST READ

Mindanao’s Gross Regional Domestic Product (GRDP) for 2019 is expected to hit 7.2 percent, an official of the Mindanao Development Authority (MinDA) said.

In a press briefing, MinDA Assistant Secretary Romeo Montenegro said the expected 2019 GRDP 2019 is higher than the national growth average of 7.1 percent.

This, he said, is on the back of sustained expansion of the services, industry, and agri-fisheries sectors across the regions of Mindanao.

“As we have seen in nearly two decades, Mindanao’s economy has managed to demonstrate uninterrupted growth — from 5.4 percent in 2001-2002 to 7.2 (percent) in 2018-2019, with an average growth rate of 5.8 percent,” Montenegro said.

He also noted that from 2010 to 2019, Mindanao posted an average GRDP growth rate of 6.6 percent, higher than the national average of 6.2 percent.

This is most notable, he said, even against the backdrop of a power supply shortfall and rotating brownouts during the first half of the decade in review.

“Such robust Mindanao performance showed Mindanao’s resilience amidst adversity, and the island being able to gain from structural reforms and sustained development programs,” he added.

He said the measures have helped “encourage investments that create jobs, raise incomes, and improve people’s lives. (PNA)

- Advertisement -
- Advertisement -

Latest News

Andanar Urges FOI Stakeholders To Leave ‘Noteworthy’ Legacies

Presidential Communications Operations Office Secretary Martin Andanar urges public servants to exert effort in promoting transparency, good governance, and integrity as these are noteworthy legacies that will benefit the Filipino public.

Lacson On Possibly Getting The COVID-19 Vaccine: ‘Tawa Na Lang Isasagot Ko Diyan’

Senator Panfilo Lacson has yet to clear out speculations as to whether or not he has already taken the coronavirus disease-2019 (COVID-19) vaccine. “Whether or...

House OKs Salceda’s Bill For Climate Emergency Declaration

The House Committee on Disaster Resilience has approved a resolution that allows the House of Representative to declare a Disaster and Climate Emergency following the series of calamities over the years.

Dela Peña: DOST Needs COVID-19 Patients For Melatonin Trials

The Department of Science and Technology is scouting for at least 300 COVID-19 patients that they can utilize for the clinical trials involving melatonin.

Roque To ‘Tiangges’: Observe COVID-19 Protocols Or Face Closure

ROQUE: "Alam nating kinakailangang mamili para sa Pasko pero ingatan naman natin ang ating mga sarili hindi lang para sa hanapbuhay kung hindi para tayo ay magkaroon ng maligayang Pasko dahil kapag kayo ay nagkasakit, nasaan ang Merry Christmas."

Gatchalian Weighs In On Class Resumption In Storm-Hit Areas

Senator Win Gatchalian proposes anew to resume classes through "purok workshops" if they are in COVID-19-free or 'low-risk' areas.

Bello Partially Lifts Work Stoppage Order On Skyway Project

The Department of Labor and Employment orders the partial lifting of the supplemental work stoppage order issued by its National Capital Region office on Monday, stopping the construction of the Skyway extension project following Saturday's accident in Muntinlupa City.

Velasco Seeks Review Of Dam Protocols

Speaker Lord Allan Velasco emphasizes the need to review dam protocols to prevent a repeat of devastating floods that swamped Isabela and Cagayan provinces during the onslaught of Typhoon Ulysses.

Duterte Signs Laws Increasing Bed Capacity Of 5 Hospitals

President Rodrigo Duterte has signed five laws increasing bed capacity of hospitals in the cities of Iloilo, Las Piñas, Tuguegarao and Quezon, and in Dapa, Surigao del Norte.

Roque: Only 50 Percent Of The Population Needs COVID-19 Vaccine

Malacañang on Monday said that only a percentage of the population in the country is slated to gain access to the COVID-19 vaccine.