The second is to strengthen the institutions of government to promote economic prosperity in the region. Given this, the launching of the Bangko Sentral’s e-Rediscounting System here in Mindanao is indeed very timely and appropriate.
There is evidence in the aggregate data of higher inflation of wages in the mining industry, and across Western Australia more generally (Graph 7). While the growth of these wages has picked up a little recently, this is unlikely to be sufficient to account for the magnitude of some of the cost overruns being reported.