Untapped ‘Blue Economy’ can rake in billions for PH

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THE “Blue Economy” in Visayas has untapped potential that could generate massive economic and livelihood benefits.The World Bank defines “Blue...

THE “Blue Economy” in Visayas has untapped potential that could generate massive economic and livelihood benefits.The World Bank defines “Blue Economy” as the “sustainable use of ocean resources for economic growth, improved livelihoods and jobs while preserving the health of the ocean ecosystem.

“A lot of the industries and sectors are more or less there, but they’ve not really stitched together what they can do synergistically,” said Abundo.The Department of Agriculture-Philippine Fisheries Development Authority and the Cebu Provincial Government announced in July this year plans to construct a regional fish port in the province.

 

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