Data
on industries and investments serve as gauge on the extent of the
areas' attractiveness and capability to absorb entrepreneurial
ventures. An analysis of the data on the size and growth of industries
and the stock and flow of investments show the enabling factors that
provide or enhance the comparative advantages enjoyed by industries and
investors in Negros Occidental. On the other hand, the data can give
indications of the limiting factors that hinder the entry, growth and
movement of industries and investments. With the data providing
signals, the concerned government agencies can formulate policies,
enforce regulations and undertake infrastructure programs and other
forms of assistance to assist business and prospective investors.
This
chapter presents data on the number, floor area and value of private
building construction, and the number of establishments including the
revenues generated from such by sector. The sources of these data are
the Department of Trade and Industry (DTI) and the Regional Social and
Economic Trends (RSET) 2006.
Sectoral HIghlights
Based
from the Department of Trade and Industry (DTI) business name
registration section, a total of 2,485 establishments were
registered in
Negros Occidental in 2006 which comprise 30 percent of the number of
establishments in Region VI. Compared to the 2005 data, total
business name registration has decreased by 19 percent in 2006.
Based
on the investments recorded with the DTI, business registration reached
almost PhP7.1 billion in 2006. This recorded an increase in investment
generation by 57 percent compared to the previous year which is PhP4.5
billion.
In
2007, an increase of 193 percent was noted in the amount of export
generated which totaled to US$66,079,496.51.
Negros
Occidental is positioning itself as the Giftware & Holiday
Décor Center of the country. Other industries with
potential in the
domestic and export markets are Furniture and Furnishings, Garments,
Metalworking and Processed Foods.
Thirteen
(13) LGUs have already passed a Local Investment Code that is giving
incentives to prospective investors. These LGUs include the cities of
San Carlos, Escalante, Cadiz, Sagay, Victorias, Bacolod, Kabankalan,
Bago & La Carlota and the municipalities of Toboso, Manapla,
Pontevedra and Pulupandan
Please direct your subscription and inquiries to:
THE NATIONAL STATISTICAL INFORMATION CENTER
Provincial Planning and Development Center
Provincial Administration Center
Bacolod City
Philippines 6100
NSIC is a one-stop shop of statistical information and services in the Province of Negros Occidental