Investments grew by 23% in Camiguin

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MAMBAJAO, CAMIGUIN, January 9 (PIA) – A total of P62million investments were poured in Camiguin last year, boosting its annual investment growth to 23 percent.

The service sector absorbs 68 percent of the investments generated for the year followed by agricultural based investments at 20 percent, trading at 11 percent and manufacturing at 1 percent.

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The Department of Trade and Industry said these generated a total of 1,533 employments, also higher by 15 percent when compared to the preceding year.

Top 15 investments involve construction of commercial buildings, warehouses, restaurants and cottages as well as establishments of businesses like drug store, plant, showroom and commercial center among others. (JCV/PIA-10)

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