Home MinDA fears prolonged Russia-Ukraine conflict may affect Mindanao economy Assistant Secretary Romeo M. Montenegro, executive director of the coordinating agency of the Mindanao Development Authority (MinDA) says the ongoing war between Russia and Ukraine has a minimal impact on Mindanao for now, but it will have a bearing on the island’s economy if tension is prolonged as it will likely increase the price of petroleum, which may trigger an inflationary pressure and drive up transport cost. Edge Davao

Assistant Secretary Romeo M. Montenegro, executive director of the coordinating agency of the Mindanao Development Authority (MinDA) says the ongoing war between Russia and Ukraine has a minimal impact on Mindanao for now, but it will have a bearing on the island’s economy if tension is prolonged as it will likely increase the price of petroleum, which may trigger an inflationary pressure and drive up transport cost. Edge Davao

Assistant Secretary Romeo M. Montenegro, executive director of the coordinating agency of the Mindanao Development Authority (MinDA) says the ongoing war between Russia and Ukraine has a minimal impact on Mindanao for now, but it will have a bearing on the island’s economy if tension is prolonged as it will likely increase the price of petroleum, which may trigger an inflationary pressure and drive up transport cost. Edge Davao

Assistant Secretary Romeo M. Montenegro, executive director of the coordinating agency of the Mindanao Development Authority (MinDA) says the ongoing war between Russia and Ukraine has a minimal impact on Mindanao for now, but it will have a bearing on the island’s economy if tension is prolonged as it will likely increase the price of petroleum, which may trigger an inflationary pressure and drive up transport cost. Edge Davao