Investments up 4% in 2012

KEEPING up with the national economic growth numbers, capital investments in Pangasinan last year went up by 4 percent to P1.77 billion from 7,028 new businesses registered with the Department of Trade and Industry (DTI).

“Many of the new businesses are still in retailing or buy and sell and some in service business set up in the cities of Dagupan and Urdaneta City and the municipality of San Fabian,” said DTI provincial director Peter Mangabat.

“About 19,000 jobs were created last year in the service oriented and manufacturing industry,” he said.

SMALL AND MEDIUM ENTREPRENEURS

Meanwhile, the DTI provincial office will continue to provide assistance and training to small and medium scale entrepreneurs this year.

Mangabat said one of their projects is to provide equipment to locals who manufacture the so-called “one town, one product” through a soft loan program.

Among the products being developed by the locals with the help of DTI are the engineered bamboo of Alaminos City, veggie noodles of Alcala, bangus industry, puto Calasiao, and processed meat and fish in the 4th District.–Dada Martin Austria

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