The
CAGAYANTIMES d e O ro
Your Weekly Lifestyle Newspaper
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Vol. 1 | No. 38 | Cagayan de Oro City | April 24-30, 2013
Philippine economic growth target is within reach ~NEDA Abbygail V. Taladua Liceo U MassComm Intern
The National Economic and Development Authority (NEDA)- 10 holds a media forum about the Economic Updates of the Philippines and Region 10 on April 18, 2013 at the NEDA office in Cagayan de Oro City. Engr. Cecilio Y. Clarete, the Regional Director of NEDA-10, said that after so many years, the Philippines is now investment grade. The investment grade rating is a seal of good housekeeping and a resounding vote of confidence in the Philippine economy. From 2003-2012, the Philippines economic growth target is within reach, inflation rates are manageable, unemployment rates improved, sufficient international reserves, and improving competiveness. In the whole Mindanao Island, from 2009-2011, Northern Mindanao (Region X) is first in terms of agriculture and forestry,
industry, energy gas sales, and public administrations; and second in terms of fishing and manufacturing. From October 2011 to October 2012, unemployment rate goes up by 1.2%, and employment rate goes down by 1.2%. The tax collection in the 4th quarter is increased by 40%. Cagayan de Oro City still accounts majority 56.5% of all tax collections. The region’s custom collections g r ow 1 0 % i n 2 0 1 2 . The region’s investment, monitored by DTI, increased by 39% in 2012. The Regional economic situation of Region 10, 4th quarter and annual of 2011 and 2012, conveys that the whole year production of Palay grew by 4.31%, while corn increased by 1.36%, and yellow corn slightly increased by 0.28%. For the whole year, Nut production NEDA|Page 7
The Director of Philippine Palm Oil Development Council, Inc. (PPDCI) Reynaldo Española shares his knowledge about the relevance of planting Palm Oil on the 8th National Palm Oil Congress at Xavier Estates, Cagayan de Oro City on April 18, 2013.
Photo by Karen Mae Eduave Liñan, Liceo U MassComm Intern
Villar welcomes Lakas endorsement calls for bipartisan approach to reforms in next 3 years
Nacionalista Party-Team Pnoy senatorial candidate and former Las Pinay Rep. Cynthia Villar today welcomed the endorsement extended to her by the Lakas-Christian and Muslim Democrats (Lakas-CMD) and said she hoped the 16th Congress would take a bipartisan approach towards President Aquino’s reform agenda in the next three years. Villar, one of the NP’s representatives in the Liberal Party-led Team Pnoy senatorial slate, said she has always maintained that political parties, whether from the administration or from the opposition, should set aside political differences and adopt a bipartisan approach to reform matters such as poverty alleviation, jobs creations and the delivery of basic social services. “I am grateful and humbled by the endorsement extended by the Lakas-CMD to my candidacy and I will do my best to live up to their expectations when I am given the chance to serve in the Philippine Senate,” Villar, also known as Misis Hanep Buhay, said.
LAKAS|Page 11
The CAGAYAN de ORO TIMES
Robertino Pizarro, President of the Philippines Palm Oil Development Council, Inc. (PDDCI) delivers his introduction about the relevance of oil palm during the 8th National Palm Oil Congress at Xavier Estates, Cagayan de Oro City on April 18, 2013. Photo by Karen Mae Eduave Liñan, Liceo U MassComm Intern
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