Visayas ‘can contribute more’
By Mia A. Aznar
Friday, December 19, 2014
AMONG the four major economic blocs in the country, the Visayas contributes the least to the Philippine economy. Despite its geographic constraints, the region’s economic planners believe it is in a good position to contribute more, being the most peaceful region in the country.
The National Economic Development Authority is working on a draft for the Visayas Spatial Development Framework, a 30-year program that is part of the National Spatial Strategy to bring about “efficient settlement, production and service delivery systems that consider sustainable management of land and other natural resources and the reduction of disaster risks.”
Neda 7 chief economic development specialist Dionisio Ledres Jr. told Sun.Star Cebu that the Visayas, being in the center of the country, has many advantages. But it only contributes 12 percent to the Philippine economy.
Aside from Cebu, other Visayan cities are becoming an attractive location for ICT and business process management companies. While Cebu City is ranked eighth in Tholons’ list of cities for outsourcing, Bacolod and Iloilo are also recognized, ranked 93rd and 95th, respectively. Dumaguete City has been identified as a next wave city while Tagbilaran City, which recently became connected to an extensive fiber optic network, is expected to offer the same benefits to locators with the old airport location becoming an ideal spot to develop an IT park.
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