GOOD THINGS GOING FOR THE PROVINCE | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
There are more or less 90 major industries located in Misamis Oriental. These industries are engaged in wood processing, food & beverages manufacturing, sintered ore manufacturing, production of colored roofing, activated carbon manufacturing, shipbuilding, cold storage facilities,and petroleum storage facilities, among others. Most of these industries are exporting their products to Japan, Europe, China, United States, Korea, Canada, Taiwan and others.
The table above shows the investment performance of the province. For the past six (6) years the dominant sectors were those in the agri-based or infra and services. The increase in the agri-based sector is due to the expansion of one of the major industries, the Philippines Sinter Corporation. The infra & services on the other hand is attributed to the establishment of the cold storage facilities, dressing plants, hotels and the subdivisions. The construction of STEAG Power Plant, a 210-MW coal-fired power plant in the Phividec Industrial Estate accounts for the substantial investments in the energy sector.
Employment for the past six (6) years generated an average increase of 14%. Most of this increase comes from the services, trading and special projects sector. Employment somewhat declined in 2004 but it was able to recover in the succeeding years. The decline simply mirrors the decline in investments for that specific year. The upsurge in employment in 2003 was credited to the entry of the power plant which started construction in that year. The establishment of Fresh Fruits Ingredients, Inc. in Medina, Misamis Orienta in 2007 also generated substantial employment for that year.
The Province of Misamis Oriental is consistently the region’s biggest contributor to the export revenue, contributing more or less 60% of total regional export. Topping the list ofexport products are Canned Pineapple, Dessicated Coconut, Coco Products, Sintered Ore,and Lumber & Wood Products. The export of the province is still predominantly, agri-based with coconut-based exports contributing half of the province’s exports. The table below shows the top export commodities of the province for the past five years (2003-2007).
The province of Misamis Oriental has assisted more than 200 MSMEs. The assistance provided ran the gamut of the MSME development cycle from business registration, financing, product development, product labeling & packaging, training (entrepreneurial, management, skills) and productivity enhancement. The province’s SME development program was focused on the identified priority clusters, namely: processed food, ICT, multi-fiber and metals. The assistance also extended to MSMEs under the OTOP and CARP program.
The province have processed and endorsed a total loan of Php55.450M under the SULONG and/or other financing programs as support to the MSMEs’ needs. Approximately 25% of the amount endorsed was approved and subsequently released to the SME’s. Disapprovals were mostly due to the lack of collaterals, the viability of the project and/or failure to pass the bank’s minimum requirement. Alternative financing options were likewise explored such as the funding facilities available with NGOs and other funding institutions/agencies like DOLE, LGUs, CIDA, PEARL and AFPFTI.
The 23 Municipalities and 3 Cities of Misamis Oriental have identified their respective OTOP. Out of the 26 cities/municipalities, 15 of these products/services are already in the market. Below is the list of cities/municipalities and their OTOPs:
A strategic planning workshop has already been conducted for the towns which have not yet firmed up their OTOP’s to assist the LGU’s in formulating their action plans for the implementation of the OTOP program in their towns.
To date, the province has advocated the establishment of a total of 181 consumer welfare desks in the various business establishments mostly located in Cagayan de Oro. These desks were created to immediately attend to the concerns of consumers at the business establishments’ premises and assist them in building a friendly business environment.
Region 10 will be the focus region for the 2009 International Food Exhibits. At least 70% of the qualified SME’s for the IFEX come from the province of Misais Oriental. The event would feature the province’s food products such as processed meat, nuts, haol-halo mix, crispy coating mix, frozen shrimps, seaweed noodles, banana taffy, banana chips and a host of other products. It is anticipated that the event which would highlight the food delicacies of the province will bring our products to foreign shores and graduate a few of our food processors to become exporters. The Province of Misamis Oriental is also one of the pilot provinces for theJICA “Shindan” Project the project intends to equipand enhance the skills of the SME Counselors in the Shindan way of assisting the MSMEs.Now in its 3rd phase, the project calls for theidentification of one (1) MSME as the “pet client”of each SME counselor as part of the the ON-JOB-CONSULTANCY that will be implemented using the learnings from the Shindan way. The objective is to double the sales of the MSME within 360 days. This again would benefit a few other SME clients of the province and hopefully graduating more SME’s into becoming exporters. With the rapid growth of the City of Cagayan de Oro, several investments are in the pipeline. The on going construction of a 21-storey, 4-star hotel located at Limketkai Complex is anticipated to bring about increased economic activity in the city and would also answer the need for more hotel rooms so the city can cater to major national conventions. Another upcoming and very interesting project is the Php100 Million Japanese-Filipino joint venture on Jatropha Processing Plant that will be located in barangay Mambuaya, Cagayan de Oro. It will start construction early next year. One very substantial investment that has been much-awaited since 2007 is the ship building project of HANJIN at Phividec Industrial Estate, Misamis Oriental. With an estimated project cost of US$800 million, the project in expected to change the landscape of the Province of Misamis Oriental. The company is finalizing the details of its eventual location in Phividec as well as the details in the draft lease agreement. Signing of the lease agreement is expected in the 2nd quarter of 2009 after which construction of the project will go full blast.
The strength/competitive edge of the province is the strong public- private sector partnership. The business sector is very supportive of the government programs and activities being undertaken. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
