Tag Archives: economic growth

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 ...

Younger population fuels property boom

October 04 2012

Property consultancy firm Jones Lang LaSalle Leechiu said there is lot of promise from the younger set to fuel the development of the property sector.

“Several studies conducted by economic think tanks and investment banks have recognised the growing population of the Philippines as an economic asset now and in the near future. A growing population means a growing workforce and a larger consumer base that could propel future economic growth for the country,” said Jan-lo de los Reyes, Jones Lang LaSalle senior research analyst.

“As of May 2010, the Philippine population stood at 92.1 million, with a median age of 23.4 years old – considered to be within the most economically active age cohorts of 21 to 35 years.… Continue Reading ...

Property boom transforming Philippine skylines

Written by AFP
The Daily Tribune
July 23, 2012

As a Philippine property boom gathers pace, even Paris Hilton, Donald Trump and high-fashion house Versace are getting a piece of the action.
The good times are into their fourth year, fuelled by steady economic growth, Western firms offshoring jobs to the Philippines, the buying power of millions of Filipinos working abroad and low interest rates.
“It just so happens that today the stars are aligned… we have never seen the economy this bullish,” said Antonino Aquino, president of Ayala Land, one of the country’s biggest property developers.
Ayala Land is one of the main players in what industry figures describe as an unprecedented construction boom that is transforming the skyline of the nation’s capital, as well as many provincial cities.… Continue Reading ...

Land use planning: Key to disaster risk management

The Philippine Star
Updated Jan 22, 2012

MANILA, Philippines – The issue of poor land use planning is being left out in the current discussions on why disasters keep happening in the Philippines.

According to Dr. Walter Salzer, director and principal advisor of the ?Environment and Rural Development Program (ERDP) of the ?Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), increasing threat of climate change and the effects of disasters being felt every year in almost all areas of the country highlight that land use planning, use and management, is not only about physical planning, but also makes sense on the social and human aspect.

Land use planning, Salzer insists, is a very important instrument in disaster risk management.

The goal of land use planning for disaster risk management, he explained, is to achieve a utilization of land and natural resources which is adapted to local conditions and needs, and takes into account disaster risks.… Continue Reading ...

Northern Mindanao shifts from growth corridor tack

Businessworld Online
March 29, 2011

CAGAYAN DE ORO CITY — Development planners in Northern Mindanao are shifting away from the old strategy of focusing on the Cagayan de Oro-Iligan growth corridor in order to spur economic activity faster in the rest of the region.

Lawrence Ll. Cruz, mayor of Iligan City and appointed in December last year as chairman of the Regional Development Council (RDC), said in a recent phone interview here that there is a need to identify several centers that will act as development hubs in order to cover a wider area.

Many better than one

The numerous hubs are expected to spur economic activity in surrounding areas which can act as providers of goods and services for these centers, Mr.… Continue Reading ...