Sunday, September 17, 2006
Northern Mindanao posts export rise
NORTHERN Mindanao posted total regional exports (TRE) of US$169.385 million during the 2nd quarter of 2006, a rise of 10.92 per cent over US$152.704 million in the same period last year.
"Of the region's 5 provinces, Misamis Occidental recorded the highest increase of 651 per cent, from US$170,000 to US$1.277 million due to the substantial increase of frozen prawns/shrimps, their main export," Regional Director Alicia V. Eusena of the Dept. of Trade and Industry (DTI), Region 10, said.
This was followed by Camiguin with 34.91 per cent, from US$33,800 to US$45,600 due to increases in their exports for coconut charcoal and Lanao del Norte, 21.33 per cent, from US$71.869 million to US$87.203 million due to the continued expansion of Global Steel Philippines in Iligan City.
Misamis Oriental, however, posted minimal increase of 0.73 per cent, from US$72.644 million to US$73.178 million despite the presence of big exporting companies in the province, such as Del Monte Philippines, Pilipinas Kao, Philippine Sinter Corp. and Nestle, Phil., Inc.
Bukidnon, on the other hand, posted a negative 3.80 per cent, from US$7.986 million to US$7.683 million due to the absence of exports on sugar cane and molasses, one of the major exports of the province during the 2nd quarter of 2005.
Overall, Eusena said, Lanao del Norte had the biggest share of 51.48 per cent in the TRE as steel products that jumped from US$20 million to US$30 million accounted for 47 per cent of its exports in the same period this year and coconut products which went up by 12 per cent, from US$59 million to US$66 million.
The other provinces and their share in TRE are as follows: Misamis Oriental, 43.20 per cent, Bukidnon, 4.54 per cent, Misamis Occidental, 0.75 per cent and Camiguin, 0.03 per cent.
For Bisaya stories from Davao. Click here. (September 17, 2006 issue)
Write letter to the editor.Click here.
Join the Sun.Star message board.Click here. |
