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PIA Press Release
Tuesday, January 10, 2012

 

CAR tops NSO survey on average business, industry revenue and profit

by Lito Dar

BAGUIO CITY, Jan. 10 (PIA) -- The Cordillera Administrative Region (CAR) posted the highest in terms of average revenue and profit per establishment based on the result of the nationwide 2009 Annual Survey of Philippine Business and Industry (ASPBI) recently presented by the National Statistics Office (NSO-CAR).

In the 2009 ASPBI result presented by NSO Regional Director Olivia Gulla, Cordillera topped other regions as far as average revenue per establishment is concerned with P662 Million, followed by CALABARZON and Eastern Visayas regions at P556 million and P434 million, respectively.

Cordillera again topped all other regions in the average profit per establishment with P336 million, followed by MIMAROPA and Eastern Visayas at P218 million and P115 million, respectively.

According to Gulla, in the said survey, for Cordillera businesses and industries, manufacturing is the highest in terms of total employment, total revenue, revenue per worker, value added per worker, average revenue and profit per establishment, as well as profit margin.

On per total value added and average number of workers, Gulla also disclosed that mining and quarrying still top in the region while for the most number of establishments is the sector of hotel and restaurants.

Despite the global financial crisis in 2009, the said ASPBI result still shows an increasing trend, as far as the number of businesses and industries in the country and the employment they produce.

Based on the 2009 ASPBI results, the total number of business establishments and industries in the Philippines grew to 23,941 from 21,572 in 2008, which also resulted to an increase in employment by four percent or to 2,970,640 in 2009 compared to the 2,862,621 total employment that were recorded in 2008.

The Department of Labor and Employment (DOLE) also affirmed an increasing trend in employment opportunities in the country.

In a recent statement, Labor Secretary Rosalinda Dimapilis-Baldoz reported that the 2011 full-year employment in the country grew by 3.2 percent compared a year ago, with the increase equivalent to 1.156 million in new employment generated.

Baldoz also gladly reported that the country’s unemployment rate decreased from 7.4 percent in 2010 to only seven percent last year. (JDP/LD-PIA CAR)

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