Saturday, March 29, 2025

Local

Investments in NorMin still up despite COVID-19, says NEDA

0

Central Mindanao Newswatch - local newspaper

Share this post?

CAGAYAN DE ORO CITY, (March 1/PIA) – “For the last year 2020, our Board of Investments (BOI) in region 10 reported that we have investment pledges amounting to P32 billion. We are [ranked] no. 4 nationwide and no. 1 in Visayas and Mindanao area, indicating that our investors have confidence in our region,” said National Economic Development Authority (NEDA)-10 Regional Director Mylah Faye Aurora Cariño.

In a recently held virtual press conference of the Northern Mindanao Inter-Agency Task Force for COVID-19, Cariño said the investors are still interested in putting up their investments in the region despite the threat of COVID-19.

Among the projects approved as reported by BOI are the expansions of energy generating companies and a medical service [company].

Cariño also shared that many investors had processed their proposed investments in 2020 but were affected by the pandemic; however, they have resumed this year.

“Aside from those projects, a medical facility in Bukidnon might also open this year, and a food [company] is under negotiation and has resumed its processing this year. PHIVIDEC also has several projects in the pipelines, and they have approved the University of Science and Technology of Southern Philippines (USTP) to put up a campus at Villanueva, Misamis Oriental, which will boost further the confidence of industries in our region,” she added.

The lady NEDA-10 director sees region 10 can recover following the re-opening of its economy (JAKA/PIA10).

Related Post

CAGAYAN DE ORO CITY (February 27, 2025) — Early diagnosis and screening services for various types of cancer and even heart disease are now readily available at public health centers across the region. The Department of Health Center for Health Northern Mindanao (DOH-CHDNM) has strengthened its early detection capacity in response to the rising cases...
CAGAYAN DE ORO CITY — The Kabuhayan at Kaunlaran ng Kababayang Katutubo (4K) program, a special initiative of the Department of Agriculture (DA), continues to assist Indigenous Cultural Communities (ICCs) and Indigenous People (IP) farmers and fishers by helping them develop their ancestral lands through sustainable farming. The program also aims to boost their livelihood...
CAGAYAN DE ORO CITY (February 18, 2025) — Northern Mindanao’s inflation rate for January 2025 increased to 2.9 percent, rising by 0.3 percentage points from the previous month’s rate of 2.6 percent, according to the Philippine Statistics Authority (PSA)-10 PSA-10 Regional Director Janith Aves explained that rising prices in food, non-alcoholic beverages, transport, restaurants, and...