• Headlines
  • City/Region News
    • Covid-19 Advisory and Updates
    • Baguio City
    • CAR
    • Nation
  • Sectoral news
    • Elections
      • Elections – 2022
      • Elections – 2019
    • Agriculture, Fishery and Pets
    • Business and Livelihood
    • Education, Arts & Culture
    • Environment and Disaster Management
    • Science, Health, and Welfare
      • covid-19 advisory and updates
    • Tourism, travel and Events
    • Other Lifestyle
    • Police Beat
  • Opinion
    • Editorial
    • Columns
    • Timek Ti Umili
  • Sports
    • Sports (Home)
    • Sports (Special Feature)
  • Other sections
    • Features
    • Photos/Videos
      • Photos
      • Videos
    • Words for reflection
    • Sponsored articles
    • Jobs in Baguio
    • Elections
  • Ads & Notices
    • Obituaries
  • About Us
    • About Us
    • Directory
    • Contribute
    • Advertise
    • Cookie Policy
    • Contact Us
HERALD EXPRESS | News in Cordillera and Northern Luzon
ADVERTISEMENT
  • Headlines
  • City/Region News
    • Covid-19 Advisory and Updates
    • Baguio City
    • CAR
    • Nation
  • Sectoral news
    • Elections
      • Elections – 2022
      • Elections – 2019
    • Agriculture, Fishery and Pets
    • Business and Livelihood
    • Education, Arts & Culture
    • Environment and Disaster Management
    • Science, Health, and Welfare
      • covid-19 advisory and updates
    • Tourism, travel and Events
    • Other Lifestyle
    • Police Beat
  • Opinion
    • Editorial
    • Columns
    • Timek Ti Umili
  • Sports
    • Sports (Home)
    • Sports (Special Feature)
  • Other sections
    • Features
    • Photos/Videos
      • Photos
      • Videos
    • Words for reflection
    • Sponsored articles
    • Jobs in Baguio
    • Elections
  • Ads & Notices
    • Obituaries
  • About Us
    • About Us
    • Directory
    • Contribute
    • Advertise
    • Cookie Policy
    • Contact Us
No Result
View All Result
  • Headlines
  • City/Region News
    • Covid-19 Advisory and Updates
    • Baguio City
    • CAR
    • Nation
  • Sectoral news
    • Elections
      • Elections – 2022
      • Elections – 2019
    • Agriculture, Fishery and Pets
    • Business and Livelihood
    • Education, Arts & Culture
    • Environment and Disaster Management
    • Science, Health, and Welfare
      • covid-19 advisory and updates
    • Tourism, travel and Events
    • Other Lifestyle
    • Police Beat
  • Opinion
    • Editorial
    • Columns
    • Timek Ti Umili
  • Sports
    • Sports (Home)
    • Sports (Special Feature)
  • Other sections
    • Features
    • Photos/Videos
      • Photos
      • Videos
    • Words for reflection
    • Sponsored articles
    • Jobs in Baguio
    • Elections
  • Ads & Notices
    • Obituaries
  • About Us
    • About Us
    • Directory
    • Contribute
    • Advertise
    • Cookie Policy
    • Contact Us
No Result
View All Result
HERALD EXPRESS | News in Cordillera and Northern Luzon
No Result
View All Result
Home Business and Livelihood

NEDA forecasts robust Cordillera economic growth

Hent by Hent
October 2, 2016
in Business and Livelihood
Reading Time: 2 mins read
0 0
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

BAGUIO CITY  – The Cordillera office of the National Economic Development Authority (NEDA-CAR) predicted a robust economic growth in the region for the coming years following an increase in the region’s Gross Regional Domestic Product (GRDP) for the third year in a row, registering a 3.6 percent increase in 2015 which is much higher than the 3.3 percent improvement recorded in 2014 but much lower than the 5.4 percent growth in 2013.

Milagros A. Rimando, NEDA-CAR regional director and vice chair of the Regional Development Council (RDC) in the Cordillera, explained the region’s gross output is estimated at P133.49 billion for 2015,  an indication of the expected robust growth in the economy once the various sectors will significantly grow in the coming years.

“While we are successful in growing the economy, we have always made sure that such growth must be inclusive and at least in 2015 we have succeeded,” Rimando stressed.

RelatedPosts

Philex mines inks 5-Year SDMP MOA worth P371.9M

6 Smart Money-Saving Practices to Start the Year Right

BDO strengthens its commitment to renewable energy

The NEDA-CAR official revealed employment levels increased along with an improvement in quality with regional employment rate etching up to 92.5 percent from 94.5 percent a year ago.

On the other hand, she added, the regional unemployment rate dropped to 4.8 percent from 5.5 percent in 2014 which means an additional 18,000 persons were employed with all sectors recording increases in their respective levels.

Rimando said the industry sector led in job increase with 7,000 generated jobs; services followed with 5,000 additional jobs and agriculture with 4,000 more jobs.

According to her, there was also an improvement in the quality of jobs with an additional 26,000 workers earning wages and salaries and a reduction of about 6,000 classified as unpaid family workers.

ADVERTISEMENT

She emphasized the region remains challenged in sustaining economic growth, especially in lifting the agriculture sectors from stagnation as the sector has not grown; in fact, it is in a state of decline, thus, its contribution to regional growth has been pared down to about 9.5 percent compared to 10.9 percent in 2010.

While the region has money to reduce the unemployment rate, Rimando admitted the unemployment rate was at its highest at 20.8 percent last year since unemployed persons include all employed persons who express the desire to have additional hours of work in their present job, additional job, or to have a new job with longer working hours.

She emphasized the most probable answer to the question why do so many of those who are employed want more is that they are not actually earning enough, thus, the region remains challenged to continue providing quality jobs for the labour force.

On the industry and services sectors, she disclosed higher Philippine Economic Zone Authority (PEZA) investments in the electronic sectors was recorded, exports from the region’s micro, small and medium enterprises increased substantially while tourist arrivals are on the rise. On the agriculture and fisheries sector, the region continued to dominate in vegetable production with strong potential for corn, heirloom rice, fruits and coffee production.

By HENT

ShareTweetSend
ADVERTISEMENT
Previous Post

Relocation of Globe tower under study

Next Post

‘Human face’ of mining upheld by audit

Hent

Hent

Related Posts

Philex Mining Corporation

Philex mines inks 5-Year SDMP MOA worth P371.9M

by ---
February 1, 2023
0

BAGUIO CITY - Philex Mining Corporation (PMC) signed the 5-Year Social Development and Management Program (SDMP) Memorandum of Agreement (MOA)...

Mankayan completes distribution of SAP assistance

6 Smart Money-Saving Practices to Start the Year Right

by Press Release
January 30, 2023
0

As every new year starts, many people look into ways they can improve their lives. Some of the common goals...

BDO Unibank Holiday Branch Schedule for Dec 30, 2021, onwards Advisory

BDO strengthens its commitment to renewable energy

by Press Release
January 30, 2023
0

BDO Unibank Inc. (BDO) is committed to a sustainable future as it continues to provide access to capital and funding requirements to clients’ significant projects to achieve their goals while preserving the...

Next Post

'Human face' of mining upheld by audit

Badeo villagers adamant on hydro project

BCPO gets augmentation force, more rookie cops

ADVERTISEMENT

Recent News

Baguio ready for 26th edition of Panagbenga

Baguio ready for 26th edition of Panagbenga

February 3, 2023
Fate of Cordillera in House version of charter change doubted

Researchers conduct archaeological study in Tabuk

February 3, 2023
Fate of Cordillera in House version of charter change doubted

5 PWDs receive assistive devices from the MP

February 3, 2023
CAR Experts Triangulate Highlands Growth Snags

Apayao Dam Project Roils Hornets’ Nest

February 3, 2023
ADVERTISEMENT
HERALD EXPRESS | News in Cordillera and Northern Luzon

Herald Express is a news organization based in Baguio City that has a weekly publication and an online news portal. The newspaper is circulated in the different provinces of Northern Luzon. The name of the fastest-growing publication in town is coined from the word ‘quick messenger’ which is self-explanatory.

Follow Us

Search

No Result
View All Result
  • Headlines
  • City/Region News
  • Sectoral news
  • Opinion
  • Sports
  • Other sections
  • Ads & Notices
  • About Us

© 2022 Baguio Herald Express - Website Design by Neitiviti Studios.

No Result
View All Result
  • Headlines
  • City/Region News
    • Covid-19 Advisory and Updates
    • Baguio City
    • CAR
    • Nation
  • Sectoral news
    • Elections
      • Elections – 2022
      • Elections – 2019
    • Agriculture, Fishery and Pets
    • Business and Livelihood
    • Education, Arts & Culture
    • Environment and Disaster Management
    • Science, Health, and Welfare
      • covid-19 advisory and updates
    • Tourism, travel and Events
    • Other Lifestyle
    • Police Beat
  • Opinion
    • Editorial
    • Columns
    • Timek Ti Umili
  • Sports
    • Sports (Home)
    • Sports (Special Feature)
  • Other sections
    • Features
    • Photos/Videos
      • Photos
      • Videos
    • Words for reflection
    • Sponsored articles
    • Jobs in Baguio
    • Elections
  • Ads & Notices
    • Obituaries
  • About Us
    • About Us
    • Directory
    • Contribute
    • Advertise
    • Cookie Policy
    • Contact Us

© 2022 Baguio Herald Express - Website Design by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT

Add New Playlist