NorMin Economy Grows at a Slower Pace in 2019 by 5.9%

The economy of Region 10 expanded at a slower pace by 5.9 percent in 2019 compared with the recorded growth in the previous year of 7.1 percent.  The slower growth was due to the slowdown in Manufacturing, Construction and Transportation and Storage. Manufacturing, which constituted 11.0 percent of the Region X economy, posted a deceleration …

DOF’s proposed P16.01-B budget next year is lowest since 2017

Finance Secretary Carlos Dominguez III presented before senators Wednesday the proposed 2021 budget of the Department of Finance (DOF) with new appropriations amounting to P16.01 billion, its lowest since President Duterte first submitted his administration’s annual National Expenditure Program (NEP) to the Congress in 2017.  In seeking the congressional nod of the DOF’s budget for next year, Dominguez also …

Recharge PH answers regional call to reboot economy amid pandemic

CAGAYAN DE ORO CITY – A national recovery program that’s in the works is eyeing a balanced and whole-of-society approach to restarting the economy amid the COVID-19 pandemic. During the 13th Economy Task Group video conference on 15 September 2020, National Economic and Development Authority (NEDA) Undersecretary for Policy and Planning Rosemarie G. Edillon updated the body on Recharge Philippines (Recharge PH) a program formulated by …

BOC steps up drive vs rice smuggling despite pandemic

The Bureau of Customs (BOC) has continued to step up its campaign against rice smuggling even amid the coronavirus pandemic by conducting raids on warehouses suspected of storing illegally imported stocks of the grain in response to reports by concerned citizens.  Customs Commissioner Rey Leonardo Guerrero also assured Finance Secretary Carlos Dominguez III that rice stocks …

PCCI Mindanao champions Infrastructure Initiatives for business survival & continuity

The affiliate chambers of the Philippine Chamber of Commerce and Industry in Mindanao is championing a package of infrastructure intervention measures aimed at ensuring business survival and continuity during the 29th Mindanao Business Conference on September 10-11, 2020.

Building inclusive ‘cashless’ ecosystems critical as gov’t accelerates digital push – PayMaya

Providing a complete and inclusive way for Filipinos to transact with government online through ‘cashless’ ecosystems is critical as the government accelerates its digital push in light of the COVID-19 pandemic, an executive from digital financial services PayMaya said recently.

DA-10 brings Kadiwa on Wheels to Oro barangays

Elson Jalapong, a sari-sari store owner in Barangay 23 is thankful to the Department of Agriculture – Regional Field Office 10 (DA-10) for bringing the Kadiwa Market direct to their barangay. Since the city-wide implementation of the community quarantine, his family has been making do with little income to provide for their daily needs. “I …

Mindanao Private Sector petitions PRRD for comprehensive COVID-19 relief package

The regional chambers of the Philippine Chamber of Commerce and Industry in Mindanao have petitioned President Rodrigo Duterte to consider a comprehensive package of measures to cushion the adverse effects of the COVID-19 outbreak and its countermeasures on business and workers in the island.

Laguindingan Airport Expansion ready for RDC-X Full Council nod

The proposal to Upgrade, Expand, Operate and Maintain the Laguindingan Airport has been endorsed to the full council of the Regional Development Council of Region X for its endorsement to the National Economic Development Authority Investment Coordinating Council (NEDA-ICC).