NEDA cites positive performance of Davao Region in ‘08 despite global crisis

DAVAO CITY, Jan. 6 (PNA) -- The National Economic and Development Authority (NEDA) in Davao reported a positive performance of the Davao Region despite the global financial crisis.

NEDA regional director and Regional Development Council (RDC) vice chair Maria Lourdes Lim reported an increase in production among others on major export commodities.

Lim said in the NEDA report an increase in production was noted more on banana and coconut.

She said the fishery production also continued to rise, buoyed by the large leap in the volume of aquaculture production.

She said the balance of trade of the Davao Region also improved to 205.3 million US dollars while tourists’ arrivals and earnings also rose by 10 percent.