The economic prospects for Negros Oriental in 2025 shine bright, bolstered by resilience and effective governance.
Amid challenges such as the looming threat of Mt. Kanlaon’s eruption, the Province has successfully demonstrated its capacity to manage inflation and stabilize its economy.
The Philippine Statistics Authority reports that Negros Oriental’s inflation rate dropped significantly in 2024, settling at an annual average of 3.2 percent—down from a peak of 5.6 percent in December 2023.
This achievement reflects the hard work of both government and private sectors in mitigating price volatility while ensuring economic stability.
Inflation trends indicate strategic success in maintaining the affordability of goods and services.
The slight increase to 1.0 percent in December 2024 due to transport, energy, and housing costs underscores the need for continued vigilance.
Still, this uptick is a far cry from the uncertainty of previous years.
However, caution must not waver. With Canlaon City—a vital supplier of vegetables and other agricultural products—facing potential disruptions, localized price surges in vegetables and fish could ripple through the market. Authorities must prioritize support for affected farmers and fisherfolk while ensuring the continuity of supply chains.
The coming year offers opportunities for strategic planning and investments. With the lessons of 2024, Negros Oriental can focus on strengthening disaster preparedness and diversifying its economic base.
The agriculture sector, often vulnerable to natural calamities, must be supported by innovation and resource management to ensure long-term food security.
Negros Oriental enters 2025 not as a Province beset by challenges but as one poised for growth, stability, and progress.
As stakeholders work together, the promise of a prosperous and resilient economy lies within reach.
