Camiguin hit high investments mark in 2012

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MAMBAJAO, Camiguin, Jan 18 (PIA) — The province reported good figures in capital investments for the year 2012, growing P236-million richer in the infrastructure and services sector when compared to the investments that poured in 2011.

investment

The sector posted a total of P434-million investments last year while capital investments in trading, agriculture, consumer/manufacturing and servicing sectors likewise posted huge increases.

Trading sector reflected a growth P130 million from P20 million in 2011 to P150 million in 2012, while agri-based investment grew to P18 million from the recorded capital investment of P10 million in 2011.

For the consumer/manufacturing sector, its P2.8-million investment in 2011 also increased to P5 million the following year, while servicing is a new sector with no reference data available for year 2011 but contributed P119-million capital investment in 2012.

Meanwhile, the top 10 investors in the province for last year based on the Department of Trade and Industry (DTI) report included the Jetti Gasoline Station in Mambajao, Petron Gasoline Station in Sagay, DreamLand Beach Resort, Camiguin Island Cable TV (Expansion), Casa Absuelo, Caves Commercial Arcade, Shell Gas Station, Petro Gas Station in Agoho, Jetti Gasoline Station in Mahinog, and the Northern Lights Restaurant.

Governor Jurdin Jesus M. Romualdo during State of the Province Address said these investments translated to more than 20, 000 jobs and employment generated including those employed under the special program for the employment of students (SPES), barangay emergency employment program, and other Tesda-generated jobs. (PIA)

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About Camiguin News Bulletin

The Philippine government operates a nationwide institution established to respond to the information needs of the citizenry, thus, the PHILIPPINE INFORMATION AGENCY was created in 1986 by virtue of Executive Order 100 signed by former President Corazon C. Aquino.

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