May 23, 2018: *** Bohol currently produces 1,000 litres of milk daily and the target is to increase this production by 10% each year. Gov. Edgar Chatto said "Moving Towards Milk Self-Sufficiency is akin to the province's dream citing that Bohol has accepted this challenge as its program have been geared towards that direction. ***Gov. Edgar Chatto welcomed guests and participants of the 21st Dairy Congress and Expo in Bohol and shared Bohol's dream of becoming a major dairy producer and even the dairy capital of the country, a goal supported by the National Government through the Department of Agriculture. ***Hundreds of animal milk industry stakeholders gather at Bohol Cultural Center today as Bohol, the prepositioned dairy capital of the country, hosts the 21st Dairy Congress and Expo (DairyConEx) until May 25, 2018. ***The Land Transportation Franchising and Regulatory Board (LTFRB) will be investigating the allegations made by public utility vehicle (PUV) drivers that the Driver'a Academy in Bohol is charding them an exorbitant amount when the program is supposed to be free.

Search This Blog

Tuesday, April 02, 2013

Fitch upgrade to drive infra spending to 5% of GDP 

Fitch Ratings’ investment grade stamp for the Philippines will help push infrastructure spending higher, as the Administration creates greater room for expenditures for the country’s social and economic sectors, according to the Department of Budget and Management. 

“With the country now at investment grade, we’re determined to strengthen our economic position further and expand our fiscal space for key socio-economic services. At the same time, we expect to attract more investments into the country’s infrastructure development program and, eventually, bring infrastructure spending to five percent of GDP,” Budget Secretary Florencio Abad said in a statement Sunday. 

He confirmed that at the moment, public spending for infrastructure is at 2.8 percent of GDP. The Aquino administration has earlier committed to bring expenditures for infrastructure to 5 percent of GDP by 2016. 

Abad added that more infrastructure investments will help support the growth of key industries, including the country’s agriculture, tourism and Business Process Outsourcing (BPO) sectors. 

These include rehabilitating and developing arterial farm-to-market roads—especially in rice-and-corn, coconut, and high-value crop areas—and improving road access to tourism zones, and upgrading key airports and seaport hubs in tourist destinations. 

Also in the works are the upgrading and expansion of rail and metro-rail transport systems and bus stations in urban centers. 

Abad emphasized that infrastructure spending will also buoy the Administration’s social services programs, such as social housing for informal settlers, rural electrification in remote sitios and barangays, the development of post-harvest facilities, and the rehabilitation and upgrading of Regional Health Units, as well as district, provincial, and regional hospitals. 
He recently expressed optimism on the country’s growth prospects, in the wake of Fitch’s rating upgrade for the Philippines. 

“As we strengthen our bid for rapid, inclusive, and long-term economic growth, we look forward to inviting greater confidence from the global market, especially as we pursue our good governance agenda and work toward establishing real transparency, accountability, and openness in the Philippine bureaucracy. Ultimately, we intend to facilitate socio-economic growth that is truly inclusive, where jobs are successfully created and the dividends of improved governance are cascaded to all Filipinos,” he said. (DBM)

No comments:

Contact Us

Philippine Information Agency
Bohol Information Center
LMP Building, K of C Drive, Poblacion II, Tagbilaran City
Telephone Numbers (038) 412-2292, 501-8554

Visitors