Bicol Region: On the Way to Achieving Its Full Economic Potential

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Bicol Region: On the Way to Achieving Its Full Economic Potential

The National Economic and Development Authority (NEDA), says the economy of the Bicol Region continued to improve in the second quarter of 2023 as manifested by a lower unemployment rate of 3.9% from 6.2% in the same quarter last year. This is even better than the Bicol Regional Development Plan 2023-2028 target of 5-6.5%. The prices situation also showed improvement as the average inflation rate eased to 6%.

A total of 950,508 tourist arrivals were recorded, driven by the conduct of local festivals and tourism expos and the Mayon eruption. Albay Governor Edcel Lagman was quoted as saying, “The number of local visitors in the past nine months has increased by 49% compared to the same period last year, whereas the number of international tourists increased by 516%.” The outlook for the rest of the year is positive for industries where tourism is a contributor.

The Place to Be is…Bicol!

Local entrepreneurs are buoyed by the increase in visitor arrivals in the region, spurred not just by the erratic status of Mayon Volcano but also by the focus being given by the government and the private sector.

The Department of Tourism-initiated caravan called, “Experience Bicol: A Tapestry of History, Tradition and Arts,” brought focus on the region with stops in Sorsogon and Albay. With the aim of equalizing economic opportunities across the regions, it highlighted must-visit places, food, local handicrafts and specialties and the warmth and hospitality of the people. This effort was welcomed by the locals as a boost to the economy and an inspiration for entrepreneurs to continue, improve and strengthen their businesses.

DOT Region 5 Director Herbie Aguas says the department hopes it can surpass the tourism receipts from 2022. “More small entrepreneurs will be helped by this endeavor because as they say, every tourist creates a job. I hope and pray that the P3.6 billion will be hit or even surpassed this year.”

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The post Bicol Region: On the Way to Achieving Its Full Economic Potential appeared first on WOFEX - World Food Expo.

Join Us In Bicol!

admin — Thu, 14 Dec 2023 04:12:33 +0000

WOFEX 2024

BICOL - FEBRUARY 29-MARCH 2

BAGUIO - MARCH 21-23

VISAYAS - APRIL 18-20

MINDANAO - MAY 23-25

CAGAYAN DE ORO - JUNE 21-23

MANILA - JULY 31 - AUGUST 3

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Join Us In Bicol!

Hot Ice Cream, Anyone?

It was in 2004, when the 1st Colonial Grill in Legazpi City came out with a dessert that featured the region’s hottest star – the siling labuyo. Sili Ice Cream has not only become a trademark product of the restaurant but has also put the Bicol region in the food map for its unique sweet treat that is as hot as it is cold! To make the experience even more entertaining, the owners have come out with three varying levels of heat with the hottest version being served with a shot of fresh milk to balance out the heat. Next time you’re in Bicol, be sure to try a scoop or two!

Pili-Land

Pili products are probably the most popular sweet pasalubong from the Bicol region – from caramelized nuts, masapan, and caramelitos to pudding, chocolates, suspiros and baked goods. The nut is endemic to Bicol so it is widely seen not just in sweet foods but also in savory dishes. Pili oil, with its many good benefits, is not just good for salads and cooking. It is also used in wellness, skin care and beauty products like facial oils, lip balms and moisturizers because of its restorative benefits on skin and hair.

Cooking with Gata

A visit to Bicolandia will not be complete without sampling the best dishes cooked with coconut milk. Have your fill of Laing, Pinangat, Kinunot, Bicol Express, Kandingga, Sinantolan, Sinanglay, etc. But be sure to also try out other local dishes like the famous Pancit Bato, made with special noodles from Bato, Camarines Sur, Kinalas (noodles in a hearty broth) and Kusido. Finish off your food trip by tasting snacks and desserts made with coconut like puto bukayo, biniribid, nilupak and the famous Tiwi Halo-Halo. Masiram!

Buying Food Pasalubong

What to bring home from Bicolandia? You will probably need an extra bag to pack all the wonderful food you can buy and give as pasalubong. With pili products alone, there is already a lot to choose from – from tarts, cakes and candies to local delicacies and sweet or salted nuts. You can also get bottled items like santan (special coco jam with pili), sinantol (santol cooked in gata), laing and Bicol Express or unique chili products like chili chocolate, chili cupcakes or sili beer. There are also various pineapple products as pineapple is one of the main products of the region, as well as tablea, wines and kakanin.