The South is heading north

Quick Summary:

DISTANCING Mindanao from the long-standing perception of a region marked by conflict and disorder, local officials are now striving to dispel this notion, presenting the region instead as a "land of opportunity and growth.

This growth was primarily fueled by three key sectors in the region’s 2023 gross regional domestic product (GRDP): services, leading with P119.9 billion, followed by agriculture, forestry and fishing at P101.8 billion, and industry at P101.8 billion.

The BARMM, located in the southern Philippines—ranked as the country’s second-fastest growing region in 2021—contributed 7.5 percent to the national gross domestic product (GDP) of 5.7 percent, according to the Philippine Statistics Authority (PSA).

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Article Details

Author / Journalist: John Eiron R. Francisco

Category: BusinessStartups

Markets: PhilippinesChinaIndonesiaMalaysiaTaiwan

Topics: Percent Government Infrastructure Mindanao Tourism Barmm Local Noted Region Growth Rivera

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-02 @ 16:06:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1460 words

Reading Time: 9 minutes read

Sentences: 59 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23370834

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 21 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 13 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #37

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