Bohol has gained dramatically despite all odds and challenges topped by the tasking rehabilitation, but Gov. Edgar Chatto is rather seeing this as a rallying point for the Boholanos to act like leaders themselves and do their share.
“Let us all be leaders for development and growth,” the governor inspired and enjoined in his State of the Province Address (SOPA) on Friday, even if investment and livelihood recovery indicates the economy to be fast bouncing back.
Almost P9 billion in new investments have been generated since the epic “twin disasters,” the strong earthquake and super typhoon Yolanda, while tourist arrival grew by 24% in the past three years.
Delivered before the Sangguniang Panlalawigan (SP) in session at the Bohol Cultural Center, Chatto’s second term final annual SOPA underscored “shared leadership and connectivity” in “achieving the BIG LEAP in inclusive growth and sustainable development.”
The BIG LEAP stands for “Bohol’s Inclusive Growth Leading to Equitable and Accelerated Prosperity.”
As many as 10,234 business names involving micro, small and medium enterprises (MSMEs) have been registered P2.9 billion total investment and 24,579 jobs generated.
Large enterprise investments reached over 6 billion, topped by tourism accommodation facilities put up by Henan Resort, Be Grand Hotel, South Palms resort and expansion of the Amorita Resort at P4.60 billion all.
Housing projects by Camella Homes, Primary Homes and other major subdivision and condotel residential developers have costed P1.04 billion, plus retail business investments thru the Alturas Mall and Galeria Luisa Mall costing P650 million.
Chatto said over the last three years, investments summed up to P6 billion for tourism-related and P8 billion for agri-business, which will be boosted by the improvement of Bohol’s biggest irrigation system, the Malinao dam.
SOPA’s honored guest, former senator and Presidential Assistant for Agriculture and Fishery Modernization Francisco “Kiko” Pangilinan announced the approval of the huge fund for the project and other supports to Bohol farm and food program.
Chatto said that because his administration runs “by the philosophy of inclusive growth, we also look at community entrepreneurship through cooperatives,” which now number to 299 across the province at a total asset of P2.54 billion.