TACLOBAN
CITY, Oct. 17 (PNA) –- The National Economic and Development Authority (NEDA)
in Eastern Visayas is eyeing a sustained economic growth in the region this
year.
NEDA
Regional Director Bonifacio Uy said that they expect a significant improvement
of the economy for this year based on the first semester reports.
“The
economic growth for 2015 will continue up to this year,” Uy said in a
statement.
The data
presented by the agency shows an affirmative result on the indicators they used
to measure economic growth for the first two quarters of the year.
The
services, trade and industry sector still continue its progress with a growth
of 2.4 percent on services and a 13.1 percent increase on yearly business name
registration, based on the preliminary report of the agency.
This
indicates an increase of businesses being established in the region, according
to NEDA.
“New
investments in the region confirmed renewed or strengthened business confidence
in the light of a strong consumption-based and service-oriented economy,” Uy
explained.
The finance,
infrastructure and logistics, peace and security sector also showed a promising
result.
Tax
collection went up by 29 percent to PHP2.18 billion. Two additional banks are
now operational, bring the total to 202.
There is
also an increase in the cargo volume, passenger and aircraft movement in the
shipping and aviation industry.
Other
indicators such as agriculture posted a 0.15 percent decline in production due
to the lingering effect of supertyphoon Yolanda in 2013 and El Niño in the
region.
However,
NEDA is hopeful that this will be addressed with the current administration's
thrust in the immediate completion of post-Yolanda recovery projects.
“We are
confident that this will be resolved especially now that new administration is
ardent with program implementations,” Uy added.
JMC/SQM/JONABEL L. SALAZAR, LNU INTERN/EGR
No comments:
Post a Comment