Power crisis threatens regional devt

Despite the broad-based expansion in 2012, a power crisis remains a major challenge to regional development in the Philippines, according to the 2012 Report on Regional Economic Developments released by the Bangko Sentral ng Pilipinas (BSP).

“Going forward, a major challenge that could hamper regional development, particularly in Mindanao, is the lack of adequate supply of electricity that threatens various economic activities,” the report said.