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Bacolod City, Philippines Wednesday, January 4, 2006
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11-month investments
in Neg.Occ. hit P11B

Investments in Negros Occidental in the first 11 months of 2005 hit P11.185 billion, records of the provincial office of the Department of Trade and Industry show.

The figure, based on investments generated through business name registrations from January to November last year, indicate a strong upsurge compared to 2004's, which totaled only P3.669 billion.

DTI-Negros Occidental registers businesses under the industry, services, and agriculture, fishery and forestry sectors.

The industry sector, which includes mining and quarrying, construction, and manufacturing, posted P674.249 million in total investments during the 11-month period.

Businesses under manufacturing are: chemicals and related products, P559.815 million; concrete products, P13.679 million; fireworks, P428,900; furniture, P4.797 million; garments, P3.4 million; gifts, toys and housewares, P1.588 million; metalworks, P15.129 million; mineral processing, P894,812; processed food and beverage, P25.450 million; and other similar trades, P7.929 million.

Manufacturing alone made P633.954 in total investments from January to November while construction, P35.954 million, and mining and quarrying, P5.180 million.

Investments in the services sector totaled P10.483 billion, with trading/ retailing posting the highest, at P9.2 billion.

Others are generated from transportation, communication and storage, P95.343 million; finance/ pawnshop, P272.163 million; dwelling/real estate, P606.300 million; private professional service, P286.669 million; and other similar businesses, P22.628 million.

The agriculture, fishery and forestry sector posted P27.076 million, DTI- Negros Occidental records show.*NLG

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