(PAGASA 24-HOUR PUBLIC WEATHER FORECAST as of Saturday, 16 January, 2021) Localized Thunderstorms affecting Mindanao. Caraga Region will experience partly cloudy to cloudy skies with isolated rainshowers due to localized thunderstorms . Possible flash floods or landslides during severe thunderstorms. Light to moderate winds coming from East to Northeast will prevail and the coastal waters will be slight to moderate (0.6 to 2.1 meters wave height).

Monday, November 23, 2020

PRRD okays 2020 Investment Priorities Plan

By Fayette C. Riñen

Pres. Rodrigo Roa Duterte signed on Wednesday, Memorandum Order No. 50 approving the 2020 Investment Priorities Plan (IPP), as a major push to bring the economy forward amid the COVID-19 pandemic.

Central to the administration’s agenda are activities in overcoming the health crisis, which includes the production of medical supplies and provision of services but not limited to the establishment of test facilities and laboratories, crematoriums, health waste treatment and disposal, quarantine facilities and hospitals.

To propel the economy, the government will support investments in the areas of agriculture, telecommunications, infrastructure, manufacturing, energy, mass housing, fishery and forestry, and the environment including climate change-related projects.

The IPP also supports the “Balik Probinsya, Bagong Pagasa” Program or the BP2 that aims to decongest metropolitan areas of informal settlers.

Under the BP2 Program, informal settlers are given the chance to go back to their respective home provinces, but the government must also provide basic necessities such as employment opportunities, skills training, and housing, among others.

In Central Visayas, BP2 applicants already reached 5,506 as of October 20, 2020, according to Ruth Cruz of the National Economic and Development Authority (NEDA-7).

Bohol has the highest number of BP2 applicants with 2,291 or 41.6 percent share, followed by Negros Oriental at 1,821 or equivalent to 33 percent. 
Cebu placed third with 1,271 applicants while Siquijor came last at 2.2 percent or 122 applicants, said Cruz during this morning’s 4​th Quarter Meeting of the Regional Development Council-Infrastructure Development Committee.

Among the proposed interventions are the facilitation of employment matching and technical skills training according to their chosen skills, and providing start-up capital support.

The Philippine economy is expected to grow between 6.5 percent to 7.5 percent in 2021, based on government projections. (fcr/PIA7)