In Davao Oriental, a reported 16.7 million Philippine Pesos worth of gravel was recorded.
💣💣💣 CRASHING THE NUMBERS:
💰💰💰 The commercial sand and gravel sector in Davao Oriental's pockets have been overflowing for 2024, raking in a whopping P16.7 million! This hefty sum consists of P6.16 million in extraction fees, over P1 million in excise taxes, and the rest as production value.
📅📅📅 The mind-blowing figures were unveiled during a quarterly powwow of the Provincial Mining Regulatory Board (PMRB) on April 25, 2025, at the Provincial Capitol Conference Hall.
📈🚀📈 In the history books, 2024's revenues took a slight tumble compared to previous years. The revenues reached P17.3 million in 2023, with a mighty P6.67 million in fees and P1.47 million in taxes. However, 2022 showed a sorry sight with only P5.4 million in production, P2.08 million in fees, and a measly P373,000 in taxes.
- The government could allocate a percentage of the impressive earnings from Davao Oriental's sand and gravel industry in 2024 towards environmental conservation projects, as a means to ensure a sustainable future for the region's ecosystem.
- To help propel Davao Oriental's economy towards further growth, the government may consider channeling some of the revenue from the sand and gravel sector into investments in other industries, such as finance or energy.
- As the sand and gravel industry in Davao continues to generate substantial revenues, it is crucial for the government to implement strict measures that ensure the preservation of the environment, while also fostering a conducive business environment for the industry to thrive.
