Tag Archives: investments

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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DTI orients newly installed officials on opportunities for investment

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MAMBAJAO, Camiguin, August 25 (PIA) – The Department of Trade and Industry (DTI) Camiguin Provincial Office kick-off its Information and Education Campaign (IEC) series on Public-Private Partnership (PPP) and Build-Operate Transfer (BOT) in Guinsiliban town on 22 August.

DTI pooled the Sangguniang Bayan Members and discussed PPP and BOT as a strategy and an advocacy to promote private investments in government owned lots to increase employment especially in the countryside.

Part of the IEC was showcasing some of the successful PPP/BOT projects in Luzon and other parts of the country that started specifically in the big cities like Metro Manila and Cagayan de Oro areas.

DTI promotes investments for vibrant and sustainable local economies to generate more jobs and ultimately make living conditions better for the majority of the population and further complements the local government units (LGUs) in providing systematic approaches and formulating strategies for an investor friendly and business enabling environment. (Zita Maestrado-Abellare with reports from Eric L. Aranas, DTI-Camiguin/ PIA-Cam i-Net)

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