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Bacolod City, PhilippinesMonday, July 30, 2007
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Neg.Occ. posts P1.04B
in first half investments

Investments in Negros Occidental during the first half of 2007 reached P1.041 billion, figures of the local office of the Department of Trade and Industry show. But this year's total investments generated through business name registrations is way below than last year's P6.244 billion as of end-June 2006.

DTI renews business name registrations every five years.

Based on the DTI figures, investments in January totaled PP434.034 million; February, P127.304 million; March, P71.292 million; April, P109.769 million; May, P38.433 million; and June, P160.633 million.

From January to June 2007, the services sector posted P877.771 in total investments while the industry sector had P94.115 million. The agriculture, fishery and forestry sector brought in P69.58 million.

Under the services sector are transportation, communication and storage, finance/pawnshop, dwelling/real estate, private professional service, trading/dwelling and other related trades.

The industry sector covers mining and quarrying, construction, and manufacturing sub-sectors.

Included under manufacturing are chemicals and related products, concrete products, crop processing, fiberglass, fireworks, furniture, garments, gifts, toys and housewares, metalworks, mineral processing, processed food and beverage and other related business.*NLG

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