Western Visayas posted an increase in investments for four consecutive years except in 2010 based on the registration record of the Securities and Exchange Commission here.
SEC Iloilo extension office regional director Russel Ildesa said the region is experiencing an upward trend as far as registration of corporations and partnerships are concerned, thus resulting in a higher paid-up capital.
The paid-up capital is similar to seed money, which represents one-fourth of the authorized capital stock, Ildesa explained.
A sustained increase in paid-up capital of registered corporations was posted from 2007 to 2009. It dropped in 2010 and bounced back last year.
In 2007, the paid-up capital for corporations was at P242.96 million; P292.65 in 2008 and P388.91 million in 2009. It slid to P198.32 million in 2010 but was able to recover and posted P442.31 million in 2011.
Meanwhile, paid-up capital for those registered under partnership is volatile since 2007. From the 20.17 million in 2007, it soared to P33.99 million in 2008 only to decline a bit to P32.46 million in 2009.
In 2010, it rose to P34.33 million and dropped to P33 million last year.
However, comparing with the P20.17 million in 2007, the curve is still moving upward, the SEC record showed.
Ildesa explained that usually, a drop in registrants is experienced during election time, specifically three to four months before and after election. At this point, he said that investors are in a wait-and-see situation but the situation easily picks up after the poll period.
“The drop is insignificant. The environment in Western Visayas is conducive for business,” he said.*PNA