Industry

Commerce, Trade and Industry

gingoog---downtownCommerce, trading, and financial services activities are slowly moving towards growth and development resulting from the influx of local investors who wanted to invest in the city. Between 2011-2013, the city has an average business growth rate of 1.82 percent based on the number of business applicants who had paid the necessary business taxes and regulatory fees.  However, in 2012 and 2013 only 90% and 79% of the business applicants had been issued business permits, respectively. The disparity on the number of business applicants and business permits issued is due to the non-compliance of some business owners on the mandatory requirements such as PhilHealth and SSS clearances, hence, business permits could not be issued.

Table 7.  Commercial Establishments and Business Permits Issued, 2011-2013

 Type of Establishment

2011

2012

2013

Appli-cants

Permits Issued

Appli-cants

Permits Issued

Appli-cants

Permits Issued

Manufacturers/ Processors

36

36

37

32

37

30

Wholesalers/ Distributors & Retailers

83

81

85

65

90

52

Rice /Corn/Coffee Millers

2

2

2

2

2

2

Contractors [various services]

270

269

270

249

270

232

Banks, lending & other financial inst.

30

30

30

29

30

30

Amusement /recreation services

30

28

30

29

30

16

Transport Service

1,248

1,248

1,325

1,325

1,325

961

Gasoline Stations

3

3

5

5

5

5

Schools

12

12

19

19

19

14

Source:  License Division, CMO, Gingoog City

Wilmar GingoogThere are three (3) industries operating in the city, Wilmar Edible Oils Phils. formerly Indo-Phil Oil Mills which is an agri-based industry, the other one is a forest based wood industry, the Asia Timber and Plywood Corporation (APTCO) that employs a great number of Gingoognons as daily wage earners, and an export steel processing industry, the Mindanao Forge Company.