“Sound and balanced” industrial, economic and social development is seen in Eastern Visayas, as the House of Representatives has passed on third and final reading a bill creating the Eastern Visayas Development Authority that would ensure trade, tourism, and investment growth in the region, lawmakers said on Saturday, June 6.Tingog party-list Rep. Yedda Marie K. Romualdez and House Majority Leader and Leyte Rep.
“A foreign investor interested in investing in Eastern Visayas need not go to all the local government units in the regions or to a disinterested national government agency. He doesn’t even have to be in Tacloban. But through EVDA, one can get the right and concise information and support that he or she needs,” the Romualdez couple said.
The proposed Development Authority shall also carry on with the speedy rehabilitation of Yolanda-affected areas, they said. They said even though Eastern Visayas rises from Typhoon Yolanda , the region “continues to be caught up in the vicious cycle of poverty.” Typhoon Yolanda wrought havoc in Eastern Visayas in 2013. “Even before Typhoon Haiyan struck, the incidence of poverty has already been worsening. While the nation’s overall economic situation has been improving on the average, poverty in the region worsened from 2006 to 2012,” the Romualdezes noted.
based on my opinion...almost all economic developments today are focusing on visayas and mindanao islands and north luzon is being out of place...😓