Focus: Property sector’s prospects seen boosted by infrastructure drive

July 27, 2016
By Krista Angela M. Montealegre
National Correspondent

THE AGGRESSIVE infrastructure drive of President Rodrigo R. Duterte has boosted the prospects of the property sector, easing concerns of an overheating market and accelerating the development of residential, office, retail and hotel projects in the countryside.

Inheriting a fast-growing economy plagued by gridlocked roads and congested airports, the new administration vowed to ramp up infrastructure spending to account for up to 7% of economic output. This is in line with a broader effort to decentralize the Philippine capital and boost economic activity outside Luzon in order to achieve inclusive growth.

“Additional spending would increase the demand for money. That could ease the liquidity going into the real estate industry and in the process mitigate any possible formation of an asset bubble,” Bangko Sentral ng Pilipinas Deputy Governor Diwa C.… Continue Reading ...

Panguil Bay Bridge project to be funded by Export-Import Bank of Korea-EDCF

Update.Ph

The national budget will fund PHP586 million of the total PHP4.9 billion cost for the construction of the pioneering Panguil Bay Bridge project in northern Mindanao, the Department of Budget and Management (DBM) said during the ceremonial signing today of the loan agreement between the Philippine Government and the Export-Import Bank of Korea-Economic Development Cooperation Fund (KEXIM-EDCF).

Considered a major infrastructure development in Northern Mindanao, the Panguil Bay Bridge will connect Tangub City, Misamis Occidental and Tubod City, Lanao del Norte and reduce travel time between Tangub and Tubod from the usual 2.5 hours to 7 minutes.

It will also significantly improve the travel time from Cagayan de Oro and Iligan to the cities of Tangub, Ozamiz, Oroquieta, Dipolog, and Dapitan in Zamboanga de Norte.… Continue Reading ...

Asean, Mindanao sea links pushed

The National Economic and Development Authority (Neda) is pushing for the development of sea linkages between ports in Mindanao and three neighboring Asean countries to boost regional trade.

In a speech at the Second Mindanao Shipping Conference last Wednesday, Socioeconomic Planning Secretary Emmanuel F. Esguerra said that since Mindanao played a critical role in the Asean Economic Community, the following commercial routes should be established or improved: Davao and General Santos to Bitung and Manado in Indonesia; Tawi-Tawi and Tarakan, Indonesia; Zamboanga and Muara in Brunei; and Zamboanga and Sandakan in Malaysia.

Esguerra, who is also Neda Director General, said there were still concerns on Mindanao’s sea transport sector that needed to be addressed.

Among the issues included the seaports’ limited capacity in terms of berthing structures, transit/cargo shed areas for non-containerized cargo, container yards for containerized cargo and passenger terminal buildings.… Continue Reading ...

Wao-Maguing road now open to traffic, Lanao sur guv sees boost in agri trade

LANAO del Sur – Governor Mamintal “Bombit” Alonto Adiong, Jr. of Lanao del Sur officially traversed the now passable Wao-Maguing road, also known as “The Dream Road”, in the morning of April 4, 2016 and seen to boost the agricultural sector and trade between Bukidnon and Lanao del Sur.

It took him and his convoy two and half hours to reach the municipalities of Amai Manabilang and Wao from Marawi City using the said road. In the past, residents of mainland Lanao del Sur would travel eight hours to go to the towns of Wao and Amai Manabilang of the same province and had to first pass through Lanao del Norte, Iligan City, Misamis Oriental, Cagayan de Oro and Bukidnon.

According to Engr.… Continue Reading ...

Added value pushed in Northern Mindanao research congress

BusinessWorld Online
Mark D. Francisco
April 1, 2016

Small-scale farmers in Northern Mindanao continue to expand into value-added products as they recognize the need to diversify income sources.

The farmers and agriculture officers of 16 local government units (LGUs) in the region took part in a two-day congress this week on Community-based Participatory Action Research (CPAR).

Under CPAR, crops and technology packages for making value-added products are introduced to farming communities by the Department of Agriculture (DA).

The program was introduced to the farmers in 2005.

At the congress that opened on March 28, the LGUs exhibited their existing processed products from rice, corn, soybean, different potato varieties, and vegetables.

Their goods include food crisps, native cakes, milk, and soap.

There was also a demonstration of potato-based farming systems and an introduction of alternative crop varieties.… Continue Reading ...