Wednesday, July 13, 2005
Registered businesses reach 25T in 1st semester
By Jenny Molbog-Mendoza
* Davao City targets P400-million collection
THE Davao City Business Bureau has reported that the number of enterprises that registered with them during the first six months of this year reached 25,500, pushing the amount of collections from business taxes, fees, and charges to jump to P338 million, 17 percent higher as compared to the same period last year.
Business Bureau chief Erwin Alparaque Tuesday said that for the entire year of 2004, the agency only registered a total of 23,000 establishments.
Alparaque attributed the growth to the improved peace and order situation of the city and low cost of doing business here.
Alparaque said that for a company, which is into manufacturing business, with a gross sales of P6.5 million, the city is allowed to collect an amount of P36,500 as tax.
"Despite the political crisis that is happening in Metro Manila, we are optimistic that we will never be affected by the said political uncertainty. In fact, may ilang investors na nga from Manila who are interested to invest here," he said.
By the end of 2005, the Business Bureau is envisioning to register 27,000 establishments and reap an aggregate collection of P400 million.
For Bisaya stories from Davao. Click here. (July 13, 2005 issue)
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