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Tuesday, February 10, 2009

Davao Economy discussed in media forum

Regional Director Lourdes Lim (center) of the National Economic and Development Authority (NEDA) Regional Office XI announced the good performance of Davao Region’s key sectors. She cited the increased production of some major crops, a 30-percent rise in exports, an 11-percent improvement in tourism, the high level of investments and the completion of some P1.1 billion worth of development projects as among the region’s top accomplishments.

Director Lim said that despite the expected impact of the global financial crisis on vital industries, she remains optimistic that the region will fare well this year given the strong performance of the above sectors. Moreover, she said the region’s exports, which are mostly agricultural commodities will not be vulnerable to the economic slowdown.

On top of this is government’s implementation of contingency measures, together with the private sector, to avert the negative effects of the crisis. According to Director Lim, prospects for the region’s economy this year remains upbeat with the expected stable export performance, vibrant tourism activities and strong investments in mining, manufacturing, property development and socialized housing.

Director Lim spoke at the Kapihan sa PIA, a weekly media forum wherein guests tackle current issues and events.

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