PRRD
okays 2020 Investment Priorities Plan
By Fayette C. RiΓ±en
Central to the administration’s agenda are activities in overcoming the
health crisis, which includes the production of medical supplies and provision
of services but not limited to the establishment of test facilities and
laboratories, crematoriums, health waste treatment and disposal, quarantine
facilities and hospitals.
To propel the economy, the government will support investments in the
areas of agriculture, telecommunications, infrastructure, manufacturing,
energy, mass housing, fishery and forestry, and the environment including climate
change-related projects.
The IPP also supports the “Balik Probinsya, Bagong Pagasa” Program or
the BP2 that aims to decongest metropolitan areas of informal settlers.
Under the BP2 Program, informal settlers are given the chance to go back
to their respective home provinces, but the government must also provide basic
necessities such as employment opportunities, skills training, and housing,
among others.
In Central Visayas, BP2 applicants already reached 5,506 as of October
20, 2020, according to Ruth Cruz of the National Economic and Development
Authority (NEDA-7).
Among the proposed interventions are the facilitation of employment matching
and technical skills training according to their chosen skills, and providing
start-up capital support.
The Philippine economy is expected to grow between 6.5 percent to 7.5
percent in 2021, based on government projections. (fcr/PIA7)
