16 Aug Duterte’s Administration Aims to Boost Economic Growth in Mindanao
Duterte’s administration aims for further developments in areas outside Metro Manila moreover, the government is also focusing on the economic reforms to attract more investors in Mindanao.
On August 13, Saturday, Mindanao will be the major beneficiary of economic reforms to give more opportunities and more capacity to grow, Finance Secretary Carlos G. Dominguez III said.
In Davao City, the extensive growth in Mindanao will be addressed with the current administration as said by Dominguez during the business forum hosted by One Network Bank and BDO Unibank. He stated, “At the most basic, meager investments in infrastructure over many decades handicapped the island’s inability to grow. The most glaring handicap is an unreliable power supply that condemned the island’s cities to years of rotating brownouts.”
Dominguez added, some power generated plants were already built moreover, airports and seaports are also upgraded and enhanced. Furthermore, Mindanao railway system that will link major cities in the region has also been discussed.
“From being the Land of Promise, Mindanao will more closely resemble the economic Promised Land. This is how inclusive growth looks like. This is how it will be over the next few years as the 10-point economic reform agenda is vigorously executed,” he stated.
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