PSA presents ARMM economic performance

ECONOMIC PERFORMANCE --- PSA-ARMM Director Abubakar Asaad (2^nd from left) presents the 2016 economic performance of the ARMM during a press forum last May 4. With him are ARMM Executive Secretary Laisa Alamia, RPDO-ARMM Executive Director Baintan Ampatuan, and chief of Satellite Accounts Division Eduardo Sanguyo. (ANNE ACOSTA – MINDANAO EXPOSE’)

COTABATO CITY --- The Philippine Statistics Authority (PSA) revealed the 2016 economic performance of the Autonomous Region in Muslim Mindanao (ARMM) in a press forum last May 4 held at the EM Manor Hotel here.

Abubakar Asaad, PSA-ARMM director, presented the growth rates by sector/ sub-sector: agriculture, hunting, forestry, and fishing (AHFF); industry sector which includes mining and quarrying, manufacturing, construction, electricity, gas, and water supply; and service sector which includes transport, storage, communication, trade, and repair of motor vehicles and motorcycles, personal and household goods, financial intermediation, real state, renting and business activities, public administration and defense, compulsory social sector, and other services.

“The economy of the ARMM rebounded from -0.4 percent in 2015 to 0.3 percent in 2016,” said Asaad.

It was learned that the AHFF remains to be the dominant industry in the ARMM as its share to the region’s economic output is the largest.

The ARMM contributed 0.6 percent to the national Gross Domestic Product (GDP) in 2016.

Among those present during the presentation were ARMM Executive Secretary LaisaAlamia, Regional Planning and Development Office-ARMM Executive Director BaintanAmpatuan, and chief of Satellite Accounts Division Eduardo Sanguyo. (GILMHAR A. LAO & ANNE ACOSTA – MINDANAO EXPOSE’)