The Sagay City government posted a net operating surplus of P25.718 million in 2005, the executive report of Mayor Leo Rafael Cueva shows.

The city's total net income after subsidies and extraordinary income hit P58.773 million while total income in 2005 was P339.022 million.

Of the P339.022 million, P34.922 million came from local taxes; P1.641 million, from permits and licenses; P2.811 million, from service income; P243.426 million, from Internal Revenue Allotment.

Tourist arrivals from
key regions post growth

The number of tourists from key regions in the world who came to the Philippines last year grew by not less than 10 percent, records of the Department of Tourism show.

From January to November 2005, tourist arrivals from Asia increased by 18.6 percent compared to the same period in the same period in 2004.

Tourist arrivals from East Asia rose by 15 percent; South Asia 13.9 percent; Middle East, 18.2 percent; North America, 10.7 percent; South America, 13.1 percent; Western Europe, 12.2 percent; Northern Europe, 13.8 percent; Southern Europe, 14.3 percent; and Eastern Europe, 161.5 percent, records further show.

Businessnews Title 3

Paste article here.

back to top