Quantcast
Latest Stories

Inquirer Visayas

With key projects, Tacloban moves toward economic sufficiency

By , , , ,

THE BUS terminal in Tacloban City will soon become a major commercial hub in the city with the opening of Robinsons Mall and SM Hypermart this year. PHOTO BY Joey A. Gabieta

The capital city of Tacloban in Leyte is moving toward economic sufficiency by developing infrastructure and services.

With increasing influx of tourists and steady investor confidence, the regional center of trade and commerce in Eastern Visayas has been experiencing a bustling economy.

Based on government data, tourist arrivals in 2012 reached 64,678 or an increase of 279 percent in eight years. The 2010 census showed a population of 221,174 and a growth rate of 2.16 percent.

Business map

Tacloban has a total of 8,831 business establishments, mainly disaggregated as general merchandise (48.88 percent), contractor and services (19.09 percent), manufacturer (8.36 percent) and eatery (6.71 percent), according to a 2012 accomplishment report.

Other businesses are in real estate, financial institution, boarding houses, entertainment, hotel and lodging houses, and publication.

These contributed to opportunities to create jobs, increase the purchasing power of residents, raise productivity of goods and services, and boost government revenue.

To support the growing financial needs of banks, microfinance companies and lending institutions, the   Bangko Sentral ng Pilipinas (BSP) set up a regional branch in Barangay San Jose.

Over 25 subdivisions are found in the city. Having seen the real estate growth, Camella Homes put a subdivision  in nearby Palo town in 2009.

Addressing the people’s healthcare needs are four private hospitals equipped with state-of-the-art facilities. The three government hospitals are undergoing improvement.

ANOTHER commercial building opens in Tacloban City, an indication of an economic boom being enjoyed by Eastern Visayas’ regional capital. PHOTO BY Joey A. Gabieta

The presence of local and national government offices, higher education institutions and print and broadcast media has brought more opportunities to small and medium enterprise investors.

More projects

For 2013, Taclobanons can expect a brighter economy, especially with several commercial and government projects in the pipeline.

SM Hypermart will rise on a 2,000-square-meter property near Tacloban New Bus Terminal. It will be the company’s 36th branch in a chain owned and operated by the Sy family. It will provide a combination of a supermarket, department store, discount store and specialty store in a single location.

Another branch of Robinsons Mall will also be constructed near the bus terminal.

As an offshoot, more transport routes will be opened to new franchise holders, as well as new markets to farm producers within the city and nearby municipalities.

The city’s projected income through taxes is expected to increase with the establishment of SM Hypermart.

Various infrastructure projects are expected to boost the economy.

The Water Supply Expansion Project  being undertaken by Leyte Metropolitan Water District   will be completed this year. It will supply 19,000 cubic meters per day to residents and business establishments.

Mactan Rock, a private water supplier, is completing the project to address the water needs in selected areas. Its primary market is Robinsons Place.

The upgrading of water services will solve the problem of water supply and attract more investors.

By this year, a 23-hectare IT park will be developed in Barangay Pawing at the border with Palo town. It is poised to become an information and communications technology hub in Leyte for business process outsourcing  companies, department stores, health and wellness establishments, coffee shops, hotel, food chains and recreation areas.

The businesses will generate investment opportunities and jobs.

Airport upgrade

The national government has also allocated millions of pesos for the upgrading and renovation of  Daniel Z. Romualdez Airport, the lone airport in the city and the seventh busiest in the country.

The facility services 18 daily flights to major routes to Manila, Cebu, Davao, Bacolod and Legaspi. It is planned to become an international airport soon, creating new routes to boost arrivals of both domestic and foreign tourists.

As a result, demand for hotels and accommodation, transportation, food and beverage, souvenir shops and allied services will go up.

With these promising developments, Tacloban is ready to face the challenges in the years to come.

Socrates O. Ballais, Sarah G. Cajipo, Ramil M. Perez, Ma. Daisy L. Lagdamen and Carmelita C. Doming are members of the economics faculty of the College of Arts and Sciences of Eastern Visayas State University in Tacloban City.


Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter


More from this Column:

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Economy , Tacloban




Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
  1. 12 senators on Napoles ‘pork’ list, says Lacson
  2. Save the queen? Aide takes fall for Enrile, Gigi Reyes
  3. Palace prepared to charge its allies
  4. Senator’s kickback from pork bigger than those of Enrile, Estrada, Revilla – Lacson
  5. Napoles turnaround alarms whistle-blowers
  6. What Went Before: Malacañang allies alleged involvement in pork scam
  7. Napoles spills beans on Enrile, Estrada, Revilla – De Lima
  8. Timeline: Napoles tell-all
  9. HK apology: Why Estrada and not Aquino?
  10. Cedric Lee’s cohort flies out of PH despite look-out order – De Lima
  1. Napoles spills beans on Enrile, Estrada, Revilla – De Lima
  2. Gigi Reyes pins blame on aide
  3. Estrada: Gigi Reyes won’t testify vs JPE
  4. Bernice Lee arrested by NBI team
  5. Enrile chief aide back in PH ‘to face charges’
  6. ‘No real progress in PH if dynasties not dismantled’
  7. Suspect in Vhong Navarro’s mauling wants to turn state witness – De Lima
  8. Reckless driver endangered lives of Aquino, entourage–report
  9. More legal woes for Cedric Lee
  10. Henares on Pacquiao bashing: I did not start this
  1. KL confirms Malaysian Airlines Flight MH370 ended in Indian Ocean
  2. MRT passengers pass the hat for 6-year-old Ashley
  3. Rookie, lady cops lauded for quick response to MOA heist
  4. Malaysia averts another air tragedy; pilot lands troubled plane safely
  5. Revilla says he was joking; Lacson stands by his story
  6. Revilla ‘consulted’ Lacson on how he evaded arrest
  7. Cudia, dismissed for lying, got 99% in conduct
  8. Kim Henares needs a reprimand, says Cayetano
  9. Hammer-wielding robbers cause chaos at Philippines’ Mall of Asia
  10. Napoles spills beans on Enrile, Estrada, Revilla – De Lima
Advertisement

News

  • 4.6-magnitude quake hits Surigao del Norte
  • Camilla’s brother dies of NYC head injury
  • Nepal officials go to Everest to try to end crisis
  • Escudero ready to defend self should name appear in Napoles’ list
  • Obama calls for peaceful end to island dispute
  • Sports

  • Promoters Dela Hoya, Arum in talks for Pacquiao-Alvarez—report
  • Benzema guides Madrid to 1-0 win over Bayern
  • Suns’ Goran Dragic win NBA’s Most Improved Player award
  • Heat go up 2-0, hold off Bobcats 101-97
  • Ronaldo shakes off injury fears to play Bayern
  • Lifestyle

  • This woman ate what?
  • Photos explore dynamics of youths’ sexual identity
  • 12th Philippine Food Expo set at the World Trade Center
  • No tourist draw, Malang the croc will remain wild
  • The best flavors of summer in one bite, and more
  • Entertainment

  • Has Ai Ai fallen deeply with ‘sireno?’
  • Sony developing live-action Barbie comedy
  • California court won’t review Jackson doctor case
  • Return of ‘Ibong Adarna’
  • Practical Phytos plans his future
  • Business

  • Facebook profits triple as mobile soars
  • Insular Honors Sales Performers at Testimonial Rites
  • Apple increases stock buyback, will split stock
  • Cost-recovery provisions for affected gencos urged
  • This time, BIR goes after florists
  • Technology

  • Enrile in Masters of the Universe, Lord of the Rings?
  • Top Traits of Digital Marketers
  • No truth to viral no-visa ‘chronicles’
  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
  • Viber releases new design for iPhone, comes to Blackberry 10 for the first time
  • Opinion

  • Editorial cartoon, April 24, 2014
  • Talking to Janet
  • Respite
  • Bucket list
  • JPII in 1981: walking a tightrope
  • Global Nation

  • PH-HK relations repaired, but families of victims still being courted
  • Filipinos in Middle East urged to get clearance before returning
  • PH seeks ‘clearer assurance’ from US
  • China and rivals sign naval pact to ease maritime tensions
  • What Went Before: Manila bus hostage crisis
  • Marketplace
    Advertisement