New businesses boost Balanga revenues, jobs

Randy Datu
Balanga City Mayor Jose Enrique Garcia III says the city had gross revenues of P6.4 billion in 2013, up from P6.1 billion in 2012

RECORD BREAKER. Balanga City Mayor Joet Garcia has announces the city earned a record-breaking P6.4 billion in 2013, compared to the P6.1 billion in 2012 and P5.9 billion in 2011 during the recent State of the City Address held in Plaza Mayor. Photo by Randy V. Datu

BATAAN, Philippines – The city of Balanga reported an increase in revenues for 2013 and jobs created mostly due to new businesses coming in and infrastructure investments.

According to information released by the Philippine Information Agency on Thursday, February 6, Balanga City had an income of P6.4 billion from business activities alone as of end-December, up from P6.1 billion in 2012.

Bulk of this – P5.5 billion – came from the gross sales of the businesses in the city. P53.4 million in business taxes was collected and P859 million in total investments in infrastructure.

“Our economy is animated by the investors, therefore we need to entice more of them here in Balanga,” Mayor Jose Enrique Garcia III said.

Most of the sources of the city’s income got a boost compared to 2012. These included real property tax, economic enterprise, and its internal revenue allotment from the national government.

Records showed that thousands of citizens landed jobs in information technology, business process outsourcing, and in commercial establishments.

More than 3,500 residents landed jobs through the Public Employment Services Office (Peso), while over 7,600 individuals were registered in the City of Balanga Jobs Online website, where their skills will be matched with job openings in establishments and companies.

Garcia said a job readiness assessment will be integrated in the Barangay Week program, wherein Peso staff will help citizens in barangays to find jobs. –

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