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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.

The sector's first half investments in 2005 reached P1.667 billion while in the second half, soared to P9.127 billion. Investments in the industry sector last year totaled only P687.469 million while in agriculture, fishery and forestry, P27.77 million.*NLG

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