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PIA Press Release
Wednesday, January 04, 2012

 

Businesses and industries are growing - NSO

by Lito Dar

BAGUIO CITY, Jan. 4 (PIA) -- The total number of business establishments and industries in the country including the Cordillera Administrative Region continues to grow.

Thus reported National Statistics Office (NSO) regional director Olivia Gulla during the presentation of the preliminary results of the 2009 Annual Survey of Philippine Business and Industry (ASPBI) at the Pines View Hotel here recently.

Based on the 2009 survey, the total number of business establishments and industries in the Philippines grew to 23,941 from 21,572 in 2008.

In the Cordillera, it grew to 240 from the 233 recorded in the 2008 ASPBI. The Hotel and Restaurants and Education sectors recorded increasing trend by 17 percent and 8 percent, respectively.

Gulla also reported that the increase in the number of establishments also resulted in the increase in employment.

Nationwide, based on the survey, employment increased by four percent or to 2,970,640 in 2009 compared to the 2,862,621 total employment, recorded in 2008.

For Cordillera, an 11 percent increase in employment was also noted in the 2009 ASPBI. From 27,436 in 2008, it grew to 30,378 in 2009, with manufacturing and real estate, renting and business activities sectors leading the way with 15 percent and 24 percent increase, respectively.

As per revenue, the country posted a five percent increase from P7.5 trillion in 2008 to P7.9 trillion in 2009, with the manufacturing sector posting the highest revenue at P3.3 trillion.

For Cordillera though, the global financial crisis has somehow caught up in the region as revenue decreased by 18.3 percent from P195 billion in 2008 to P159 billion in 2009, with manufacturing decreasing by 21 percent and mining and quarrying showed an 18 percent decrease in revenue.

According to Gulla, the ASPBI is a continuing activity of NSO which aims to provide key measures on the performance, levels, structure, and trends of economic activities in the entire country.

‘The data collected from the ASPBI will constitute bases upon which the government and the private sector can formulate policies and evolve economic development plans,’ Gulla added.

The 2009 ASPBI data is now posted at the NSO website – www.nso.gov.ph. (JDP/LD-PIA CAR)

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