Third Quarter 2017

Cordillera Administrative Region

ASSESSMENT OF LEADING ECONOMIC

INDICATORS
CONTENTS
Leading economic indicators showed a mix picture of
the regional economy for the quarter. Compared to Page
the same period in 2016, improvements were
achieved in terms of agricultural crops production
except for palay and fisheries, PEZA exports, private I. Assessment 1
building, revenue collection, energy consumption,
employment, and prices and inflation. However, A. Agricultural Production 1
there were setbacks in the performance of mineral
production and exports, non-PEZA exports, B. Mineral Production 4
investments, and tourism arrivals.
C. Metallic Mineral Exports 5
More corn, vegetables, fruits, livestock and poultry D. PEZA & Non-PEZA Exports 6
were produced while palay and fisheries production
declined. Production and value of both metallic and E. Investments 6
non-metallic minerals also declined leading to lesser
mineral exports. Also, the value of PEZA exports F. Tourism 8
increased but non-PEZA exports decreased
significantly. Tourism arrivals also declined. G. Private Building Construction 9

H. BIR Revenue Collection 9

Private and MSME investments declined leading to
lesser employment generation and retrenchment of I. Energy Consumption 10
some workers. These might affect the employment
scenario in the succeeding quarters but as of this J. Employment 11
period, employment rate improved coupled by
reduced unemployment and underemployment K. Prices and Inflation 11
rates.
L. Motor Vehicle Registration 12
Prices of goods improved with a lower inflation rate
compared to the previous year. Energy consumption
increased and this might even increase with the II. Challenges and Prospects 13
construction of 309 new private buildings during the
quarter. Revenue collection also increased.

CAR Regional Economic Situationer | 1

A. AGRICULTURAL PRODUCTION

Palay Production Figure 1. Palay Production (MT) and Area

Harvested (Ha), CAR: Q3 2016, Q2 2017, Q3 2017

Contrary to national performance, the 160,000 35,000

region’s palay production contracted to 140,000 30,000
120,000 25,000
58, 958 metric tons, one percent lower 100,000
20,000
80,000
than the production in 2016 and 61 60,000
15,000
percent lower than the previous quarter. 40,000 10,000
20,000 5,000
0 0
Q3 Q2 Q3
The lower palay production is due to the 2016 2017 2017
decrease in areas harvested and palay Palay Production
59,577 152,099 58,958
(MT)
yield. Average area harvested was at 17, Area Harvested
17,873 31,877 17,550
550 hectares during the quarter, a 1.8 (Ha)

percent decrease from 2016 and almost

45 percent decrease from the previous
quarter. On the other hand, palay yield Figure 2. Palay Yield/Hectare, CAR: Q3
2016, Q2 2017, Q3 2017
posted a minimal 0.78 percent annual
6
increase but posted an almost 30
5
percent decline from the preceding
4
quarter.
3
2
Ifugao posted the highest palay
1
production producing 16,697 metric
0
tons (MT) followed by Kalinga with 16, Q3 2016 Q2 2017 Q3 2017
290 MT production. Yield/Hectare 3.33 4.77 3.36

Corn Production Figure 3. Corn Production (in MT), CAR: Q3 2016, Q2 2017, Q3
2017
Corn production was at an
average of 97, 849 MT, 120,000
a 13 percent year-on-year 100,000
increase and a 137 percent 80,000
increase from the second 60,000
quarter. 40,000
20,000
The Provinces of Ifugao and -
Mt.
Kalinga are still the top CAR Abra Apayao Benguet Ifugao Kalinga
Province
producers in the region with Q3 2016 86,486 13,458 1,663 26 48,411 17,184 5,744
production of 49, 409 MT Q2 2017 41,172 - 18,671 5 7,099 11,015 4,382
Q3 2017 97,849 13,629 1,665 26 49,409 24,995 8,125
and 24,995 MT respectively.

CAR Regional Economic Situationer | 2

Vegetable and Fruit Production
A four percent year-on-year increase was achieved but quarter-on-quarter comparisons
show a 6.3 percent decrease. Potato, cabbage, petchay and carrots were the top produce
of the region in terms of volume during the quarter. The five percent increase in the
production of major crops (cabbage, eggplant, tomato, camote, monggo) propelled the
annual increase. However, production of priority vegetable crops which includes potato,
radish, gabi, carrots, pepper, ginger, squash fruit, okra, string beans, ampalaya fruit,
pechay, lettuce, cauliflower, broccoli, banana blossom and habitchuelas decreased by
three percent.

Figure 4. Vegetable Production Figure 5. Fruit Production (MT),

(MT), CAR: Q3 2016, Q2 2017, Q3 CAR: Q3 2016, Q2 2017, Q3 2017
2017
10,000
35,000 9,000
30,000 8,000
25,000 7,000
20,000 6,000
15,000 5,000
4,000
10,000 3,000
5,000 2,000
- 1,000
Major Priority -
Crops Crops Major Crops Priority Crops
Q3 2016 24,183 33,179 Q3 2016 8,742 610
Q2 2017 33,058 28,421 Q2 2017 7,997 1,011
Q3 2017 25,398 32,216 Q3 2017 8,859 554

Total fruit production for the quarter amounting to 9,414 MT is greater than last year’s
and the previous quarter’s production. Banana, pineapple, papaya and orange tops the
quarters production in terms of volume.

Livestock and Poultry

The livestock and poultry industry of the region managed to increase production in spite
of the bird flu outbreak in August 2017 which did not affect the region. The production of
chicken and duck eggs posted a 7.7 percent increase year on year while poultry production
increased by 16 percent quarter on quarter.

Table 1. Livestock and Poultry Production (in MT), CAR: Q3 2016, Q2 2017, Q3 2017
Q3 Q2 2017 Q3 2017 Year-on- Quarter-
2016 year % on-quarter
Change % Change
Livestock 8,181 7,624 8,346 2.0 9.5
Poultry 2,199 1,923 2,228 1.3 15.9
Chicken & Duck Eggs 1,003 1,054 1,080 7.7 2.5

CAR Regional Economic Situationer | 3

Fisheries
A total of 809.86 MT fisheries were produced during the quarter which is lesser by 3.7
percent compared to last year and by 34 percent compared to the previous quarter. The
decline was expected for there has been the "traditional" drop in the performance of
fisheries every 3rd quarter.

B. Mineral Production

Gold, silver and copper concentrate production contracted compared to last year’s
production. Gold production decreased by 30 percent, silver by 23 percent, and copper
concentrate by 20 percent. The reduction is a result of lower head grades and subsequent
power outages in the production areas.

Figure 6. Gold (Large-scale) & Silver Production (in kilograms) and Value (in Pesos)
CAR: Q3 2016, Q2 2017, Q3 2017

Gold Silver
1,400 1,256 3,000,000,000 1,400.00 1,271.00 50,000,000
1,200 2,500,000,000 1,200.00
979.39 40,000,000
1,000 900 884 1,000.00 837.39
2,000,000,000
800 800.00 30,000,000
1,500,000,000
600 600.00 20,000,000
400 1,000,000,000 400.00
500,000,000 10,000,000
200 200.00
- - - -
Q3 2016 Q2 2017 Q3 2017 Q3 2016 Q2 2017 Q3 2017

Quantity (in Kg) Value (in PhP) Quantity (in Kg) Value (in PhP)

Figure 7. Copper Concentrate Production (in Dry Metric Tons) and Value (in Pesos)
CAR: Q3 2016, Q2 2017, Q3 2017

25,000 1,150,000,000
20,000 1,100,000,000
15,000
1,050,000,000
10,000
5,000 1,000,000,000

- 950,000,000
Q3 2016 Q2 2017 Q3 2017
Quantity (in DMT) 20,383 15,703 16,273
Value (in PhP) 1,009,270,942 1,071,773,202 1,112,286,696

However, the value of copper grew by 10.21 percent. Experts attributes this to the stronger
demand from China’s infrastructure and manufacturing sectors. This was reinforced by
the supply disruptions from the world’s key copper mines.

CAR Regional Economic Situationer | 4

On, non-metallic mineral production, reduction in terms of quantity and value were
recorded for slakelime, limestone, and sand and gravel. Only quicklime production
increased in terms of quantity and value.

Table 2. Non-metallic Minerals Production and Value

CAR: Q3 2016, Q2 2017, Q3 2017
Mineral Quantity Value (in PhP)
Q3 Q2 Q3 Q3 2016 Q2 2017 Q3 2017
2016 2017 2017
Quicklime (MT) 1,736.91 2,427.75 2,392.75 13,580,442 19,368,439 18,277,634
Slakelime (MT) 13.91 24.69 7.28 76,004.24 147,225.84 44,550.72
Limestone (MT) - 1,532.02 1,399,346.9 - 684,812.94
3,130.53 1
Sand and Gravel (cu.m.) 286,313 326,608 187,062 78,477,802 278,883,740 74,824,952

C. Metallic Mineral Exports

With the decline in production, quantity and value of mineral exports also declined for
the quarter. Gold exports declined by 38 percent, silver by 47 percent, and copper by 25
percent.

Figure 8. Gold Exports (Kg) & Figure 9. Silver Exports (Kg) &
Value (BillionPhP), CAR: Q3 2016, Value (Million PhP), CAR: Q3
Q2 2017, Q3 2017 2016, Q2 2017, Q3 2017
1,200 2.500 1,400 40.000
1,000 2.000 1,200 35.000
800 1,000 30.000
1.500 25.000
600 800
400 1.000 600
20.000
0.500 15.000
200 400 10.000
- - 200 5.000
Q3 Q2 Q3 - -
2016 2017 2017 Q3 Q2 Q3
Quantity 2016 2017 2017
1,116 922 692 Silver (Kg) 1,263 183 671
(Kg)
Value (in Value (in
2.263 1.861 1.425 37.992 22.899 17.954
Billion PhP) Million PhP)

Figure 10. Copper Concentrate (Dry Metric Tons) & Value (Million
PhP), CAR: Q3 2016, Q2 2017, Q3 2017
25,000 1050
20,000 1000
15,000 950
10,000 900
5,000 850
0 800
Q3 2016 Q2 2017 Q3 2017
Copper (DMT) 20,044 15,037 15,039
Copper (Million PhP) 999 893 959

CAR Regional Economic Situationer | 5

D. PEZA and Non-PEZA Exports

The value of PEZA exports picked up by 41 percent from last year but dipped by 37 percent
compared to the previous quarter. Almost 98 percent of it came from the Baguio City
Economic Zone (BCEZ), 1.5 percent from the John Hay Special Tourism Economic Zone
(JHSTEZ), 0.76 percent from the SM Baguio Cyber zone, and 0.04 percent from the
Neutrinus IT Center.

Radio, Television and

Figure 11. PEZA Exports (in US $) and Communication Equipment
Employment Generated, CAR: Q3 2016,
exports account for 69.7 percent of
Q2 2017, Q3 2017
the total PEZA exports for the
1,000,000,000.00 15,500
quarter, followed by Fabricated
900,000,000.00 15,450
Metal Products that accounted for
800,000,000.00 15,400
almost 26 percent. Call centers
700,000,000.00 15,350 posted a 4 percent share while
600,000,000.00 15,300 textile, wearing apparel, rubber
500,000,000.00 15,250 and plastic products share the rest.
400,000,000.00 15,200
300,000,000.00 15,150 On employment generation, the
200,000,000.00 15,100 PEZA was able to generate a total
100,000,000.00 15,050 of 15, 285 jobs during the quarter,
- 15,000 117 jobs more than the previous
Q3 Q2 Q3
20 20 20 year but 151 lesser than the
16 17 17 previous quarter. Of the total
PEZA Exports
408,013 924,278 575,819
employment generated by PEZA,
(in US $) the BCEZ employs 70 percent
Employment while in terms of industry, call
15,168 15,436 15,285
Generated
centers employ over 59 percent.

On the other hand, non-PEZA exports during the quarter amounted to 410,000 pesos
which is 81 percent lower than the 2.140 million pesos worth of exports in the previous
year. The significant decline is because only the sales of the direct MSME exporters are
reported and that targeted activities to generate exports are scheduled in the following
quarter.

E. Investments

The value of SEC-registered investments decreased by six percent from the same quarter
last year. This is due to the 21 percent decrease in the volume of investments of stock
corporations. There were more investors registered and the volume of investments of
partnership organizations increased but were not enough to offset the decline of stock
corporation investments.

CAR Regional Economic Situationer | 6

 Table 3. SEC-Registered Investments (In PhP) & Number of Registrants
CAR: Q3 2016, Q2 2017, Q3 2017
Q3 2016 Q2 2017 Q3 2017

34,834,625 53,861,850 32,862,250

SEC-Registered (In pesos)
Stock Corporation
Volume of Investment 30,099,625 48,803,850 23,819,750
Number of Registrants 30 41 36
Partnership
Volume of Investment 4,735,000 5,058,000 9,042,500
Number of Registrants 14 20 20

DTI-registered investments also posted a 47 percent annual decline from the 567.6
million in 2016 to 300.4 million during the quarter. All provinces experienced a decline
in investments with Ifugao having a 98 percent decrease.

Such decline in investments resulted to a 32 percent decrease of employment generated

by MSMEs from the 6,404 jobs generated during the third quarter of 2016 to 4,364 jobs
of the current quarter.
Figure 12. DTI -Registered Investments by Province (in Million Pesos)
CAR: Q3 2016, Q2 2017, Q3 2017

140.000
120.000
100.000
80.000
60.000
40.000
20.000
0.000
Mountain
Abra Apayao Baguio Benguet Ifugao Kalinga
Province
Q3 2016 90.050 78.820 95.470 106.440 15.550 52.930 128.320
Q2 2017 111.830 97.542 38.940 85.750 14.410 23.668 66.987
Q3 20172 77.402 53.510 32.990 52.340 0.319 24.280 59.530

The decline is primarily due to project implementation delays or even non-

implementation with the persisting challenge of non-submission of Bottom-up Budgeting
(BuB) project liquidation reports by LGUs. Also, reforms promoting ease of doing
business such as the simplification of BPLS needs to be complemented with efficient
support infrastructure such as road networks and telecommunication facilities.

CAR Regional Economic Situationer | 7

F. Tourism

For the tourism industry, arrivals decreased by 14 percent from last year and by 40
percent from the previous quarter. Majority of the provinces posted a decrease for the
quarter except for Baguio City and Ifugao. The 81 percent annual decline of tourist
arrivals in Kalinga is a result of their adoption and compliance to the Standard Local
Tourism Statistics Systems (SLTSS) where data is correctly disaggregated into same-day
visitors and overnight visitors.

However, the regional decline will narrow down with the finalization of data reporting
and the submission of Abra and Mountain Province.

Figure 13. Tourist Arrivals

CAR: Q3 2016, Q2 2017, Q3 2017
500,000
450,000
400,000
350,000
300,000
250,000
200,000
150,000
100,000
50,000
-
Q3 2016 Q2 2017 Q3 2017
CAR 328,839 471,700 282,289
Abra 197
Apayao 883 519 644
Baguio City 241,277 360,811 252,328
Benguet 19,412 23,209 12,143
Ifugao 11,153 15,282 11,164
Kalinga 32,635 23,042 6,010
Mt. Province 23,479 48,640 48,640

Table 4. Tourist Arrivals by Type of Tourists

CAR: Q3 2016, Q2 2017, Q3 2017 By type of tourists, decline in the number
of both foreigner (45 % annual and 47 %
Type of tourists Q3 2016 Q2 2017 Q3 2017
quarter on quarter) and local tourists
Philippine 307,965 449,548 269,945 (12 % annual and 40% quarter on
Residents quarter) can be observed. On the bright
Non-Philippine 20,788 21,802 11,509 side, the number of Overseas Filipinos
Residents
visiting the region multiplied by 871
Overseas 86 350 835 times compared to last year and by 139
Filipinos
percent compared to last quarter.

CAR Regional Economic Situationer | 8

G. Private Building Construction

The private sector increased its investment in building constructions with a total of 309
buildings and total floor area of 61,655 square meters built within the quarter. Of these
new buildings, residential buildings comprise around 75 percent.

Figure 14. Private Building Figure 15. New Construction by

Construction, CAR: Type, CAR: Q3 2016, Q2 2017, Q3
Q3 2016, Q2 2017, Q3 2017 2017
320 234 231
250 215
310 200
300
290 150
280 100
270 23 24 26 16 18 24
50 2 4 1
260
250 0
Q3 Q2 Q3 Residential Commercial Industrial Others
2016 2017 2017
Number 274 316 309 Q3 2016 Q2 2017 Q3 20172

H. BIR Revenue Collection

Tax collections in the region increased by around 21 percent compared to the same period
last year with a total of 1.655 billion pesos. The increase is due to the increased tax
collections from all types of tax except for those under other taxes (one time transactions,
registration fees, and other default taxes) which posted a 1.6 percent decline.

Table 5. BIR Revenue Collection, CAR: Q3 2016, Q2 2017, Q3 2017

Indicator Quarter 3 2016 Quarter 2 2017 Quarter 3 2017

Total 1,373,062,228 1,709,025,364 1,655,692,145

Tax on Income and Profit 823,537,342 1,127,878,200 1,036,169,753

Value-Added Tax 414,429,834 385,221,630 453,927,744

Excise Tax 3,395,981 4,238,440 4,970,838

Percentage Tax 77,733,170 138,392,422 107,527,966

Other Taxes 53,965,899 53,294,670 53,095,841

CAR Regional Economic Situationer | 9

I. Energy Consumption

Energy consumption in the region reached 380,159 KWH for the quarter, which is 0.2
percent higher than energy consumption in 2016 and 46 percent higher than the previous
quarter.
Table 6. Energy Consumption (KWH) by Type of
Use, CAR: Q3 2016, Q2 2017, Q3 2017
The annual increase in energy Type of Use Q3 2016 Q2 2017 Q3 2017
consumption is driven by commercial
consumption and other uses of energy Total 379,280 260,037 380,159
while energy consumption for Residential 209,254 142,633 207,010
residential, industrial and public Commercial 129,352 89,881 133,812
Industrial 8,256 5,007 6,411
buildings posted significant decrease. Public Buildings 22,678 15,383 22,393
The 22 percent decline in industrial Others 9,740 7,133 10,533
energy consumption can be related to
the subsequent power outages Figure 16. Energy Consumption by
experienced in the mineral production Type of Use, CAR: Q3 2017
areas.
Residential
Commercial
Residential consumption accounted
Industrial
for 54 percent of the total
consumption followed by commercial Public Buildings

use accounting for 35 percent.

Benguet Electric Cooperative, Inc. (BENECO) utilized 80 percent of the total energy
consumption while the remaining 20 percent by the other cooperatives. Compared to the
same period last year, energy consumption of Ifugao Electric Cooperative, Inc. declined
by seven percent while Abra Electric Cooperative Inc. by 33 percent. The other electric
cooperatives consumed more compared to the previous year.

Figure 17. Energy Consumption by Electric Cooperative

CAR: Q3 2016, Q2, 2017, Q3 2017
400,000
350,000
300,000
250,000
200,000
150,000
100,000
50,000
-
Q3 2016 Q2 2017 Q3 2017
Mountain Province Electric
13,684 9,405 14,290
Cooperative
Kalinga-Apayao Electric
24,281 15,425 24,985
Cooperative
Ifugao Electric Cooperative, Inc. 14,784 10,002 13,749
Benguet Electric Cooperative Inc 292,196 202,297 304,226
Abra Electric Cooperative Inc 34,335 22,908 22,908

CAR Regional Economic Situationer | 10

J. Employment

Labor Force Participation dipped to 64.5

percent this quarter, lower by 0.8 percent Figure 18. Unemployment and
compared to the same period last year but Underemployment Rate, CAR:
Q3 2016, Q2 2017, Q3 2017
increased by 2.5 percent compared to the
previous quarter. 30.0

25.0 24.6
Employment rate increased from 95 percent
last year to 96.6 percent this quarter, even 20.0

higher than the 95.9 percent of the previous 15.0 15.7

14.6
quarter. Contributing to this is the 45,110 job
applicants placed by the Department of Labor 10.0
and Employment (DOLE)-CAR for the 5.0 5.0 4.1 3.4
quarter.
0.0
Q3 2016 Q2 2017 Q3 2017
Unemployment also decreased from five
percent of July 2016 to 3.4 percent. However, Unemployment Rate
there were 266 retrenched workers for the Underemployment Rate
quarter who might be unemployed for the
succeeding months.

Underemployment also declined from 24.6 in July 2016 to 14.6 during the quarter, still
lower than the 15.7 percent in April 2017. This means that fewer workers are looking for
additional work aside from their current occupations.

K. Prices and Inflation

Regional average inflation rate for the quarter was at 1.8 percent, lower than the 1.9
percent of third quarter 2016 and the 3.1 percent national inflation rate for the same
quarter. The decrease was due to the 1.2 percent slowdown in food and non-alcoholic
beverages prices.
However, quarter-on-quarter Figure 19. Regional Inflation Rate, CAR:
Q3 2016, Q2 2017, Q3 2017,
comparisons show a slight
9
increase from the 1.6 percent of 8
the previous quarter with higher 7
6
prices of alcoholic beverages, 5
tobacco and non-food items. 4
3
2
For non-food commodities, year- 1
on-year price hike were highest 0
All Items Food & Non- Alcoholic Non-Food
for transport (1.7%) and 1.5 Alcoholic Beverages Beverages, Tobacco

percent for housing, water, Q3 2016 Q2 2017 Q3 2017

electricity, gas & other fuels.

CAR Regional Economic Situationer | 11

Provincial comparisons show that Ifugao had the highest inflation rate (3.4%) since the
first to third quarter of 2017. However, Consumer Price Index (CPI) shows that Mountain
Province have the highest price of goods in average with CPI of 156 for all items followed
by Ifugao with 152.

Table 7. Inflation Rate by Province (in percent): Q3 2016, Q2 2017, Q3 2017

Province Q3 2016 Q2 2017 Q3 2017

Abra 2.4 1.3 1.9

Apayao 1.1 0.8 0.5
Benguet 0.9 1.1 1.1
Ifugao 3.4 3.7 3.4
Kalinga 3.3 2.5 2.6
Mountain Province 3.9 2.1 3.1

L. Motor Vehicle Registration

There were 45, 335 registered

Figure 20. Motor Vehicle Registration per
motor vehicles in the region Province/City, CAR: Q3 2017
during the quarter. Of these, 86
percent are private motor
vehicles, 13 percent are for hire
6%
and 1 percent are government 6% 16% Abra
vehicles. There were 5,484 motor 6% Apayao
vehicles that were newly 6% Baguio City
registered while the rest are for
Benguet
renewal.
27% Ifugao
Among provinces/city, Baguio
Kalinga
City accounts for 33 percent of the 33%
total regional MV registrations Mountain Province
followed by Benguet with 27
percent, Abra with 16 percent
while the rest of the provinces
have six percent share each.

CAR Regional Economic Situationer | 12

CHALLENGES AND DEVELOPMENT PROSPECTS

On increasing investments, the establishment of 14 additional Negosyo Centers for the

fourth quarter of 2017 is targeted. Assistance to LGUs with problematic implementation
of BUB projects will also be rendered. The Department of Trade and Industry (DTI) will
also be implementing OTOP Next Gen and Pondo Para sa Pagbabago at Pag-asenso (P3),
new MSME development projects though improving quality of products and providing
micro finance services to micro enterprises with low interest rate. Another new project is
the Trabaho, Negosyo, Kabuhayan, a convergence project of DOLE and DTI.

Towards the improvement of data collection and data reporting of tourism arrivals,
Tourism Establishments’ Forum will be conducted for accommodation establishments
who are the sources of data. The forum is aimed at capacitating the private sector in
tourism data recording and reporting to improve the Local Tourism Statistics System.
Regular conduct of Tourism Officers’ Meeting will also be sustained to closely monitor
tourism data submission, benchmark on tourism issues, concerns, and tourism programs
as well as extend support to LGUs.

The Bureau of Internal Revenue (BIR) aims to improve revenue collection through
enhanced taxpayer voluntary compliance, improved legal tax policy advice services, and
through efficient collection and assessment.

The implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) which
aims to limit the Value Added Tax (VAT)-zero rating to direct importers and thereby
remove VAT exception of local suppliers of PEZA might decrease PEZA local purchases
amounting to 250 billion pesos annually as PEZA-registered enterprises will opt to shift
to import goods (e.g raw materials) which are duty-free and tax-exempt.

PEZA investments are also projected to increase with the increasing investment pledges
but the potential will only be fully realized if the national government will expedite the
approval of economic zone development. As of the quarter, P72.3 billion worth of special
economic zones are still awaiting presidential proclamation.

Prospects for mineral production include assistance to small scale miners specifically in
their application for Minahang Bayan areas in the region. Also, the revised Implementing
Rules and Regulation of Republic Act 7076 otherwise known as People’s Small Scale
Mining Act requires the establishments of centralized custom mills within Minahang
Bayan areas. Assistance in the establishment of these custom mills will then be provided
to mineral processing operators and extractive metallurgy of gold.

CAR Regional Economic Situationer | 13

We would like to acknowledge the contribution of the following RES Task Force members:

Agency Head of Office TWG Representatives

Benguet Electric Cooperative Gerardo Verzosa Juliet D. Alciso

General Manager Olive O. Bete

Bureau of Internal Revenue Teresita M. Dizon Barnabas B. Akilit

Regional Director Juliefer B. Balaoag

Department of Environment and Natural Fay W. Apil Vivian T. Romero

Resources Regional Director

Department of Labor and Employment Exequiel Ronie A. Guzman Myrene A. Bosleng

Regional Director

Department of Tourism Marie Venus Q. Tan Jovy Ganongan

Regional Director

Department of Trade and Industry Myrna P. Pablo Karen M. Lising

Regional Director

Department of Transportation Jose Eduardo L. Natividad Ma. Theresa G. Yatar

Regional Director

National Electrification Administration Edgardo R. Masongsong Leilani L. Rico

Administrator

National Economic and Development Milagros A. Rimando Dolores J. Molintas

Authority Regional Director Antonette A. Anaban

Philippine Export Zone Authority Rene Joey S. Mipa Modesto L. Agyao, Jr.
Zone Administrator

Securities and Exchange Commission Regina May M. Cajucom Edward R. Garcia

OIC-Regional Director Clarence R. Rillota

Philippine Statistics Authority Villafe P. Alibuyog Federico R. Bahit, Jr.

Regional Director

CAR Regional Economic Situationer | 14