Investments generated by three major sectors in Negros Occidental in 2005 totaled P11.510 billion, statistics of the local office of the Department of Trade and Industry show.

The figures were based on the business name registrations from January to December last year.

Investments in the services sector reached P10.795 billion. These include figures in trading and retailing, P9.501 billion; dwelling/real estate, P611.829 million; private professional services, P288.077 million; finance/pawnshop, P272.363 million; transportation, communication and storage, P99.316 million; and other businesses, P22.628 million.

Bacolod solon seeks inquiry
on private CTPL coverage

Bacolod Rep. Monico Puentevella has sought an inquiry in aid of legislation on the proposal of the Government Service Insurance System and the Insurance Commission to take over the issuance of compulsory third party liability coverage for private vehicles.

The House has adopted Resolution No. 1073 introduced by Puentevella, a copy of which was furnished the DAILY STAR directing the committee on transportation to conduct a probe.

The GSIS has offered to be the issuer of CTPL coverage for private vehicles as it does for government vehicles while the Insurance Commission also proposed a "clearing house" for private insurance companies, a scheme which might be similar to the "unified pooling system" for private insurance companies, created by Presidential Decree 1455 which ultimately failed, the resolution said.

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