The business sector in Negros Occidental should invest more in agriculture being the organic food bowl of the country, Governor Oliver Butalid of the Board of Investors said yesterday.
Butalid, who spoke at the BOI Investment Roadshow at the Planta Hotel and Residences in Bacolod, said the BOI now gives maximum incentives and pioneer status, not only to multi-national agencies but also to small projects.
The BOI is also urging the business sector in Negros Occidental to invest in medical facilities to service the needs of its growing population in the province, he said.
DTI conducting
SME caravan
The Department of Trade and Industry and the Provincial Micro, Small, and Medium Enterprise Development Council, will conduct an SME Caravan December 4 to 5 at the Provincial Capitol in Bacolod City, a DTI press release said.
The caravan will feature trainings and seminars that are aimed to spur enterprise development that would eventually generate employment and investments, the press release said.
Target participants are women, out-of-school youth, members of business groups and the academe, it added.
‘Deficit dips to P9.67B'
MANILA – Government spending, which is among the growth drivers of the domestic economy this year, continue to grow but the deficit did not balloon due to sustained growth in revenue collections.
Bureau of the Treasury data shows that deficit last October reached P9.67 billion, lower than year-ago's P21.26 billion.
In the first 10 months this year, the budget gap was P115.74 billion, less than half of the full-year deficit ceiling of P279 billion, which accounts to 2.6 percent of gross domestic product.