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Wednesday, March 08, 2006
More businesses in Oro established this year
MORE than 800 new business establishments have registered this year, records from the City Finance Department revealed.
City Treasurer Lino D. Daral disclosed that as of their latest record, a total of 15,264 business establishments have registered this year compared to the 14,367 businesses registered in 2004.
Daral said this year's figure of 897 new business establishments might still increase pending business applications in the fourth quarter of the year.
Among the business categories that showed significant increase in number this year are the banking and finance sector, cargo handling, manufacturing, wholesale, accommodation for tourists and transient visitors, restaurants and related food establishments, travel agency, internet cafe, and variety stores.
A computer-generated report of business registration in the city provided by the City Finance Department showed a total of 512 banking and other financial facilities registered this year compared to some 487 establishments registered last year.
Hotel occupancy and related service also increased from 95 establishments last year to 109 this year; restaurants and food establishments from 1,135 last year to 1,329 this year; internet cafes from 175 last year to 260 this year; travel agency from 26 last year to 32 this year; cargo from 138 last year to 144 this year; manufacturing from 105 last year to 113 this year; wholesale from 31 last year to 40 this year, travel from 26 last year to 32 this year; and variety stores from 2,777 last year to 2,948 this year.
Mayor Vicente Y. Emano attributed the high level of confidence placed by the business sector in the city to the stable peace and order condition, local tax incentives, and investor-friendly business registration process. (CIO)
(March 8, 2006 issue)
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