Investment, job generation up
HERE’S a development that bodes well for the province.
Pangasinan scored highly in job generation as well as investments compared to neighboring provinces in the first quarter of the year.
The records of the Department of Trade and Industry show that the employment generated in the first quarter this year surpassed the record it posted for the same period last year.
The province generated 5,030 employments from January to March. Most of the male workers were hired in the personal service sector which accounted for 42 percent, while women were employed in the trading sector, for a total of 57 percent.
The indicators have also shown that hiring workers in both the manufacturing and industrial service sectors have been sluggish.
On the investment side, Marjury Loresco, DTI officer, said that in the first quarter this year, the province generated P1, 154,894,392 billion worth of investments, again surpassing the investment generated for the same period last year.
Loresco said the women had a total of P192, 950,363 inputs on investments while the men had P187, 293,112.
She believed the implementation of the expanded Value Added Tax helped a lot in the increase of investments and employment in the province.
The DTI anticipates more job generations and investments as they continue to invite more local and foreign investors to the province.- AQL
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