EditorialThe numbers have it

The numbers have it

-

- Advertisment -spot_img

 

 

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.

 

 

 

Latest news

City budget is dead  — Dgte Council

    Perdices resigns as Finance Committee chair “The Motion raised by Councilor Baldado for the approval of the 2025 annual...

Comelec to put LGUs  in ‘yellow’ alert

    Majority of the cities and municipalities in Negros Oriental are likely to be placed under ‘yellow’ category for the...

Who wins?

    The City Council’s Friday special session was meant to be about one matter: approving the 2025 annual budget of...

Canlaon completes P12M infra

    despite eruption The local government of Canlaon City turned over this week more than P12 million worth of infrastructure projects...
- Advertisement -spot_imgspot_img

Coop budgets P9M for CSR

    The Perpetual Help Community Cooperative, Inc. has lined up projects this year for its community development program in Negros...

PNP augments force for May polls

    The first batch of augmentation force from the Philippine National Police that will assist in disaster response, and perform...

Must read

City budget is dead  — Dgte Council

    Perdices resigns as Finance Committee chair “The Motion raised by...

Comelec to put LGUs  in ‘yellow’ alert

    Majority of the cities and municipalities in Negros Oriental...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you