Investment in Mindanao: Only two regions own 90 percent of value in 2006

Only two regions, Southeastern and Northern Mindanao (Regions 11 and 10), account for 90 percent of the P5.16 billion investment poured in Mindanao in 2006, according to the
government’s economic overview released to the media this week.

More than 46 percent went to Southeastern Mindanao and about 44 percent went to Northern Mindanao, said a Mindanao Economic Development Council (MEDCo) report.

The remaining 10 percent was poured in the island’s four other regions, namely, Western Mindanao, Caraga, the Autonomous Region in Muslim Mindanao (ARMM), and Southwestern Mindanao.

Romeo Montenegro, MEDCo information and communication chief, said investments in 2006 appeared to be lumped in the two regions because of the value of investments poured there.

He clarified to MindaNews that the investment projects were spread out all over the other regions in Mindanao based on the number of projects.

About mindanaw

A Journalist from Mindanao

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