Imperatives to further strengthen Mindanao’s economy – Manila Bulletin

Around the same time last year, I wrote in this column about the imperatives of Mindanao.

Imperatives and hopes

For this column, I’m looking at the past year which saw many crucial reforms passed that can facilitate investments to transform Mindanao’s raw materials by encouraging more manufacturing.

The cocoa industry could still experience continued boom with the declaration of Davao as the country’s cocoa capital under Republic Law 115471. This declaration will draw attention to culture and encourage investment in construction. of an industry.

It also draws attention to other high-value crops such as coffee which recently won awards, and durian, which has also recently gained the attention of new overseas markets and could see an increase in local consumption. .

The new Coconut Farmers and Industry Trust Fund Act, or Republic Act No. 11524 has the potential to revitalize our coconut industry, taking it beyond copra and into products like local soap and detergents, to increase the consumption of coconut water and even virgin coconut oil as a powerful health product. Being the largest agricultural sub-sector, boosting this industry will facilitate more opportunities for local people.

Another reform is the publication of Executive Decree 130 which implements reforms in the mining sector and promotes responsible mining. This will help exploit many of our minerals in Mindanao and provide livelihoods for people in remote areas.

Note that the regions of Mindanao are large producers of these products and that many of their producers are upland dwellers where income opportunities are limited.

The CREATE law was passed, which not only lowers corporate income tax, but sets up the Fiscal Incentives Review Board (www.firb.gov.ph) which can help provide incentives for investments in various industries. who can harness the benefits of Mindanao. materials, stimulating employment and stimulating economic recovery.

These reforms will pave the way for a bright economic future for Mindanao’s economy. What can we do to help move this forward?

On the one hand, different stakeholders from government agencies and the private sector will need to work together at the regional level to push investment promotion plans to attract more investment in their respective jurisdictions in order to exploit these opportunities. In particular, I believe the investment will bring large-scale investment in coconut processing and resources, such as a metals industry, oleochemicals manufacturing, and a chocolate powder and powder factory. of coffee in Mindanao.

These manufacturing and processing industries can meet the needs of a large local market for powdered coffee, chocolate products and even building materials such as steel bars and cement in the case of minerals.

Davao multiplies vaccines

As of this writing, Mindanao is increasing immunization as more vaccines arrive in the country.

Unlike the metropolitan cities of Manila, the cities of Mindanao face the challenge of circulating vaccines to remote parts of the city’s territories. One example is the successful roll-out of vaccinations in Davao City, which has many rural barangays via mobile vaccination in rural areas and evening vaccination offered to citizens are innovations that many other LGUs with similar characteristics. should be able to reproduce.

A strong partnership with the private sector has also helped boost immunizations. Partnerships with local shopping malls, the Davao Tourism Association and the Davao City Chamber of Commerce and Industry have also helped to encourage vaccinations. A recent cross-sector unity prayer activity led by the Archdiocese of Davao has brought together even more to help deal with the pandemic.

It shows how partnerships can help build unity in a local population.


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About Jamie Collins

Jamie Collins

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