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VOL.13 ISSUE 70 • THURSDAY, JULY 2, 2020
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PRRD lowers Davao City quarantine status to MGCQ By MAYA M. PADILLO AT A GLANCE: * Liquor ban still subject to review * Restaurants, bars, salons, karaoke bars on restricted 25% capacity * Wearing of face masks, physical distancing to continue * FM passes still required
Assistant Secretary Romeo Montenegro, deputy executive director of Mindanao Development Authority (MinDA), told media that in nearly two
decades, Mindanao’s economy has managed to demonstrate uninterrupted growth from 5.4 percent in 2001-2002 to 7.2 in 2018-2019, with
an average growth rate of 5.8 percent. Montenegro said from 2010 to 2019, Mindanao posted an average GRDP growth rate of 6.6 percent, higher than national average of 6.2 percent. He said this is most notable, even against the backdrop of power supply shortfall and rotating brownouts during first half of the decade in review. “Such robust Mindanao performance showed Mindanao’s resiliency
amidst adversity, and the island being able to gain from structural reforms and sustained development programs. These measures helped encourage investments that create jobs, raise incomes and improve people’s lives,” he said. Montenegro clarified this is just preliminary data as processed by MinDA because the final data from the Philippine Statistics Authority (PSA) usually comes out end of first
quarter of this year. Meanwhile, Montenegro said last year’s average annual inflation rates in all regions in Mindanao was 1.6 percent, lower than national headline inflation rate of 2.5 percent. He said as of September last year, Board of Investments (BOI) approved investments were already hitting P95 billion mark. “We expect the figure to have gone up by end 2019, again showing Min-
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Davao City is now placed under the Modified General Community Quarantine (MGCQ) from until July 1 to 15 based on the recommendation of Inter-Agency Task Force on Emerging Infectious Diseases (IATF-EID). Edge Davao