IF INVESTORS and businesses were to take their cue from the new administration’s planned economic agenda, then the logical move is to invest outside Metro Manila and the bustling business centers of Cebu and Davao.
Based on the recent pronouncements by President Rodrigo Duterte and his Cabinet, there will be an aggressive thrust to ramp up economic activities in the rural areas, with special focus on calamity-stricken communities.
In doing so, the new administration believes it will be able to target the marginalized and achieve the elusive dream of an economic growth that will be felt by those who need it most.
In his 10-point economic agenda, Duterte cites as among his priorities: “Promoting rural and value chain development toward increasing agricultural and rural enterprise productivity and rural tourism.”
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This further opens a myriad of opportunities for fresh investments in new industries in these rural areas, which have traditionally relied on the likes of agriculture, fisheries, furniture and handicraft for their livelihood.
Outsourcing, offshoring
