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Bacolod City, Philippines Wednesday, February 15, 2006
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Local services sector
invests P10.7B in '05

The services sector in Negros Occidental posted the highest investments in 2005 based on business name registrations.

Records of the Department of Trade and Industry show that the sector's total investments from January to December last year was P10.795 billion.

The amount includes 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 and storage, P99.316 million; and other businesses, P22.628 million. In January last year, the services sector posted P247.872 million in total investments while in February, P77.341 million. In March, P250.924 million; April, P258,649 million; May, P105.584 million; June, P727.568 million; July, P530.339 million; August, P292.446 million; September, P7.626 million; October, P110,953 million; November, P256.016 million; and December, P311.768 million.

CONFED hails move of
SRA on importation

The Confederation of Sugar Producers' Association Inc.- Negros-Panay Chapter commended the move of Sugar Regulatory Administration James Ledesma to oppose plans of direct and duty-free sugar importation.

The position of SRA will definitely protect the local sugar industry particularly during this milling season and with ample sugar supply in the market, CONFED chairman Luis Tongoy said.

Beverage companies, particularly Alfredo Yao of Asiawide Refreshments Corp., earlier called on the national government to allow them to directly import sugar at the time when sugar prices were high affecting their production costs.

Vegetable demo farm
thrives in Mambukal

An area of more than 1,000 square meters in Mambukal Resort has been developed by the Office of the Provincial Agriculturist into a demo farm for high-value vegetables.

The OPA said in a press release that they established the agricultural productivity demonstration project late last year as an expansion of a similar farm behind the Provincial Capitol Building in Bacolod City.

Being planted in the Mambukal farm are lettuce, cauliflower, pepper, raddish, carrots, ampalaya, cucumber, broccoli, tomatoes and eggplants.

Business
Local services sector invests P10.7B in '05
CONFED hails move of SRA on importation
Vegetable demo farm thrives in Mambukal
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