A total paid-up capital investment of Php251.864M was registered by the Securities and Exchange Commission (SEC) in region 10, last year, higher by 82.71 percent compared to Php137.85M in 2008.
“These investments came from stock corporations with Php103.243M, p with Php21.587M and business expansions with Php127.033M,” Atty. Renato V. Egypto, Regional Director of SEC, region 10, said.
Comparative data of SEC in the region show that investments in the Misamis Occidental-Ozamiz City cluster posted the highest increase, from Php5.08M to Php15.17M or 198.43 percent, followed by the Misamis Oriental-Cagayan de Oro City, from Php95.739M to Php219.302M or 129.06 percent.
Meanwhile, investment in the Lanao del Norte-Iligan City cluster reduced from Php23.83M to Php7.82M or down by 67.17 percent and Bukidnon, from Php12.539M to Php7.139M or down by 43.07 percent.
Of the stock corporations, the highest increase was posted by the Mis. Occ.-Ozamiz City cluster, from Php4.88M to Php13.63M or 179.11 percent followed by Mis. Or.-CDO, from Php69.063M to Php81.13M or 17.47 percent and Bukidnon, from Php3.939M to Php4.834M or 22.72 percent.
As to partnerships, investments in Lanao del Norte-Iligan City grew from Php640,000 to Php2.61 million or 307.03 percent followed by Mis. Or.-CDO, from Php6.52M to Php17.88M or 174.27 percent.
Along business expansions, however, Mis. Or.-CDO registered the highest increase, from Pph20.16M to Php129.24M or 496.79 percent and Lanao del Norte-Iligan City, from Php1.075M to Php4.0M or 272.09 percent, Egypto added.
by Rutchie Cabahug-Aguhob of PIA 10