The economics of the partition? Naga City Councilor Joseling Tuason is partly correct to say that “more than the political concessions that might be accorded those public figures who are pursuing or resisting the partition, there are grave social and economic restructuring of the entire setup and existing status of Camarines Sur if any changes [...]
Archive for the ‘Economy’ Category
CamSur partition: It’s not the economy, stupid! (3)
Posted in Current Events, Economy, Politics on December 5, 2011 | Leave a Comment »
Will ALECO never get out of its mess?
Posted in Current Events, Economy on February 17, 2011 | 1 Comment »
The Albay Electric Cooperative (Aleco) is once again flashing its distress signal – threats of brownouts. Calls mounted for the resignation of the members of the Aleco Board their inefficiency to curb the growing debt of the electric cooperative (EC) which is now pegged at P3.2 billion. Will Aleco never get out of its mess? [...]
Changes in Bicol # 5
Posted in Changes in Bicol Series, Economy, tagged local finance, local governance, local government on October 20, 2010 | 1 Comment »
Unlike before the 1991 Local Government Code (R.A. 7160), local government units (LGUs) nowadays have an automatic budget allocation called the internal revenue allotment popularly known as IRA. According to Section 285 of the LGC, the share of each LGU on the IRA is determined by the following formula: a. Population – Fifty percent (50%); [...]
Changes in Bicol # 4
Posted in Changes in Bicol Series, Current Events, Economy on October 19, 2010 | 1 Comment »
Asked why the Bicol Region is poor, local officials would usually blame low budget given the region by the national government. That may be correct, in part, but with the advent of the Local Government Code of 1991 which gives automatic internal revenue allocation (IRA) to the local government units (LGUs) along with the power [...]
Iriga City: Inch by inch towards development
Posted in Economy, Places & Destinations, tagged Bicol Places, Camarines Sur, Culture, Beliefs & Traditions, economy, Iriga City on June 4, 2010 | Leave a Comment »
Slowly but surely. This could be the best description one can give on the development efforts of Iriga City’s local government unit headed by Mayor Madel Alfelor-Gazmen. Looking for an historical note on Iriga, I found Frank Penones’s article Iriga’s Colonial Economy. Frank narrated how Iriga’s economy started from purely agriculture-based economy such as growing [...]
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