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PIA Press Release
2008/02/15

Guindulman to regain trade post thru new public market

Tagbilaran City (15 February) -- IN its own little way, Guindulman officials are now betting on perking up its economy in an apparent bid to establish itself as a known economic hub in Bohol's southeast.

Guindulman, a town situated 84 kilometers southeast of Tagbilaran has historically been the trading center as it sits in strategic crossroads with access to the temperate vegetable farms of Taytay and Biabas and the fishing grounds of Cogtong Bay.

But with market edifice that has seen better days, trade has not been as brisk as it used to be, that Mayor Maria Fe Piezas insists her town has to vigorously pursue its plans of erecting a new public market edifice.

Herself actively into pushing health and sanitation, the mayor believes the new flagship project would be a landmark and citadel of economic and business activity on this part of Bohol, secretary to the mayor Felix Casingcasing said recently.

Piezas, who is a doctor of medicine by profession, has earlier embarked on a clean and green contest to motivate her barangays and officials to make cleanliness a way of life. As such, providing a better marketplace would also be a good start.

In her town's immediate need to move up, the mayor said its but time when the people who have been deprived of what they have been clamoring could finally be given their wishes.

The planned building, which would be worth P60M has already passed deliberations by the Municipal Development Council in its December 2007 session, Casingacasing bared.

Reserved for the cash-out is the town's savings, the 20% development funds for 2008, a proceeds of a loan from Land Bank and financial aids from local and national sources, the secretary to the mayor added.

According to her plans, Piezas shared that the town contemplates on putting the frontage of the edifice in a Build-Operate-Transfer scheme to save on meager local funds.

Now at the hands of the town council for further deliberations and study, Casingcasing hopes the plan could be implemented as soon.

As this developed, the country's leaders have been hawking on investing in infrastructure to blunt the harsh effects of the threatening slowdown of the global economy and sustain the country's economic growth.

Earlier, President Gloria Macapagal Arroyo has picked up on the warning from economic ministers of the world's leading industrial countries, in their meeting in Tokyo, of the threat facing the world's major economies.

Over this, the president has cited action plans the government must implement immediately to ride out the storm of the expected global economic slowdown

First, the government must accelerate spending on infrastructure and pro-poor projects.

Second, the government must increase investments on people by supporting education and training and finally addressing the problems posed by red tape and corruption. (PIA/with FVC-Guindulman) [top]

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