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PIA Press Release
2010/02/04

New Palawan businesses invest P763 million in 2009

Puerto Princesa City (4 February) -- A total of P763 million worth of investments were generated by the new businesses that registered in the Department of Trade and Industry in Palawan in 2009. Of this figure, almost 70 percent or P533,980,923 came from the services sector contributed mainly by tourism-related businesses.

There were a total of 3,972 business firms that registered in 2009, 47 percent of which are located in Puerto Princesa City. These new business firms employed 8,377 workers mostly in the services and trading sectors.

In terms of investment, the manufacturing sector generated P33,220,900 million worth of investments followed by trading with P196,326,006.

Many of the firms that registered in 2009 are engaged in trading with 2,186 firms, followed by the services sector with 1,489.

DTI-Palawan registered the most number of business firms in the MIMAROPA region in 2008. With the vigorous campaign of the office, it is expected that the Palawan office will top the registration again in the MIMAROPA region. (PIA) [top]

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