Pangasinan netted P15-B investments
UP BY 10% IN 2013
NEW investments in Pangasinan totaled about P15 billion in 2013, a 10 percent increase from the previous year, according to the Department of Trade and Industry (DTI).
Peter Mangabat, DTI provincial director, said the amount is based on new single proprietorship and partnership businesses registered with the DTI last year, 90 percent of which where involved in trading.
Mangabat clarified that the figure does not include new corporations that started operations in the province last year since these were registered with the Securities and Exchange Commission (SEC).
Pangasinan, he said, is becoming more attractive to businessmen because of the improved infrastructure such as roads, uninterrupted power supply, stable peace and order, and incentives like tax holidays.
He also attributed the surge of investments partly to the promotional activities made by local government units (LGUs) through festivals.
“These festivals are actually a big factor in helping promote different places and attract investments,” Mangabat said during the KBP forum last May 8.
Meanwhile, Engracio Bailon, chief of the Department of Labor and Employment district office in Pangasinan, noted that steady the flow of investments in 2013 opened up employment opportunities to locals.
“So, hopefully, the 8.5 percent unemployment rate in Pangasinan will go down towards the end of 2014,” Bailon added.—LVM and Tita Roces
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