Cagayan de Oo will once again boom as economic activities in the Philippines continues to shine.
The economically stable cities of Butuan and Cagayan de Oro are expected to benefit from more economic activities in 2013, as both booming southern island cities are set to launch various business opportunities and economic services. The city government here disclosed that some 13 private investments expected to enter this city next year.
This city also noted 14 projects that will be operational next year and beyond, and some of them include the improvements of the Bancasi (Butuan) National Airport, and the state-of-the-art Butuan Sports Tourism and Recreation (STAR) Gymnasium with a rubberized oval and a standard football field.
“More businesses are coming with their local counterparts as the country’s first-ever Public-Private Partnership (PPP) Code here is already being noted,” said a business expert and also one of the officials of the Butuan Chamber of Commerce here.
Next year, other projects and business investments are expected to generate 5,000 job opportunities for Butuanons, as the labor front here sees the upcoming prospect to benefit the people of the Caraga Region, especially this city.
As this developed, city officials here led by City Mayor Ferdinand M. Amante Jr. is eyeing a bigger budget for economic services next year.
While in Cagayan de Oro City, it is also setting up infrastructure programs owing to the burgeoning demand next year.
With this development, the city government of Cagayan de Oro had earmarked the amount of P422,076,151 for its economic services in 2013.
The amount is contained in the proposed 2013 executive budget submitted by Mayor Vicente Y. Emano to the 16th City Council headed by Vice Mayor Caesar Ian Acenas for review.
Out of the amount, P23,538,853 is allotted for agricultural services, while P20,151,412 is for veterinary services.
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