Davao de Oro Bill approved in Senate

DAVAO CITY, Davao

— The Bill changing Compostela Valley province name to Davao de Oro was approved in Senate.

The Senate Bill 1746 or also known as Davao de Oro Bill which is sponsored by Sen. Juan Miguel Zubiri and Sen. Sonny Angara in the  senate house for the last reading was finally approved.

Hopefully it will be signed by the President of the Philippines before the year ends, so that the law that  will use the new name of the said province will be fully implemented.

Comval Governor Tyron Uy, cite once again that this bill will helps a lot in terms of economic activity in the area.

Economy | Compostela Valley of Davao is the 2nd Richest province in the Philippines

SDC Biznes | Economy 

screen grab from Compostela Valley gov't. website

DAVAO CITY, Philippines
— For the first time, Compostela Valley ranks 2nd richest province in the Philippines in 2017 with total assets of P18.95 billion, based on the annual report of the Commission on Audit (COA).

The province saw its total assets rise by around 406 percent at P18.95 billion in 2017 from the previous estimate of P3.74 billion in 2016.

The COA said the increase was due to the inclusion of public infrastructure projects in the book of accounts of the province, noting the rise in property, plant, and equipment records to P17.145 billion compared to just P1.5 billion two years ago.

"The significant increase in Property, Plant, and Equipment account under General Fund is attributed to the one hundred percent transfer of province's local road networks from registry to the books of accounts stated at current replacement cost," the COA's notes on the financial statement read.

Meanwhile, for the fourth consecutive time, Cebu is still the undisputed richest province in the Philippines in 2017 with total assets of P34.14 billion, based on the annual report of the Commission on Audit (COA).

The P34.14 billion in assets in 2017 is higher by P1.7 billion than the province’s assets in 2016, which amounted to P32.43 billion. COA said the province’s current assets are at P5.7 billion while its non-current assets are at P28.37 billion.

Arabejo Ave. in Nabunturan, Comval courtesy of Dodong Usyot

Here are the complete list of Top 10 COA's 2017 Annual Financial Report:

1. Cebu with Php34.14 billion
2. Compostela Valley with Php18.95 billion
3. Batangas with Php15.56 billion
4. Rizal with Php14 billion
5. Negros Occidental with Php12.88 billion
6. Zambales with Php10.455 billion
7. Bulacan with Php10.451 billion
8. Palawan with Php10.15 billion
9. Iloilo with Php10.04 billion
10. Pampanga with Php9.53 billion.

5th Bulawan Festival 2012 and 14th Founding Anniversary of Comval

Published on Feb. 24, 2012  
By: Philippine Information Agency (PIA) 

Bulawan Festival goes green..

Solidarity Ring of ComVal

DAVAO CITY, Davao 
— Greening  will take center stage in this year’s celebration of Bulawan Festival as  some 500,000 trees will simultaneously be planted all over the province of Compostela Valley.
Guesting in Kapihan sa PIA (Philippine Information Agency),  Compostela Valley Board Member  Augusto Blanco Jr. shared  that this year’s Bulawan Festival focuses on  environment concern  in the light of  calamities particularly landslide incidents happening in the province.

Bearing the theme, “ComVal Shines at 14, Going Green,” this year’s Bulawan Festival tasks the municipal governments to identify an area where residents can take part in the simultaneously tree-planting activity that will take place on March 6 as part of the week-long celebration that will run from  March 3 to March 8 read more..
               

source: PIA-11 , ecomval.gov.ph