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ASPBI results crucial for EV's dev't plan, says NEDA-8 chief

PALO, Leyte (PIA) -- The 2022 Annual Survey of the Philippine Business and Industry (ASPBI) conducted by the Philippine Statistics Authority (PSA) in the region is crucial to the Regional Development Plan (RDP) 2023-2028.

During the Regional Dissemination Forum held Wednesday at the Oriental Hotel, Palo Leyte, Meylene Rosales, regional director of the National Economic and Development (NEDA) in Eastern Visayas said  having the 2020 ASPBI plus other official data that are produced by PSA is a welcome development especially that the Eastern Visayas RDP under the Marcos administration is now being formulated.

“This is crucial as we work towards our regional vision which is a resilient and prosperous Eastern Visayas where people enjoy equitable opportunities for sustainable human development,” she added.

The ASPBI survey covers the peak of the pandemic period between 2019 and 2020 when the hard lockdowns were enforced.

“With this, we have concrete evidence of what may be the real impact of the pandemic in our regional economy, especially on our business and workers,” Rosales said.

As presented by Director Wilma Perante of the Philippine Statistics Authority 8, data showed that the number of establishments in the region has decreased by 10.8% during the pandemic period.

The total number of establishments in the formal sector of the economy in the region was recorded at 7,237 in 2020, lower than the 8,117 establishments recorded in 2019.

Surprisingly, the Agriculture sector posted an increase to 72 establishments in 2020, from 62 establishments in 2019.

The Top 3 sectors which contributed to the downward trend in terms of the number of establishments in the region in 2020 are the following:  wholesale and retail trade, repair of motor vehicles and motorcycles; accommodation and food services activities and manufacturing.

As to the number of workers, in 2020, the total employment in Eastern Visayas has also decreased by 37.3% to 81,493 workers from 130,037 in 2019.

Out of the figure, 97.6% were considered paid employees while 2.4% are unpaid workers, being the working owners.

Even the compensation of workers has also decreased to P15.67 million in 2020 from P19.83 million in 2019.

In addition, the total revenue for Eastern Visayas has also dropped to P226.25 million in 2020 from P429.46 million in 2019.

The ASPBI survey was conducted from various respondents in the region in April 2021.

The data or information gathered from the ASPBI can be used by the region’s policymakers and planners to achieve the region’s goal of one, robust, inclusive and sustained economic growth and an improved quality of life and well-being of all. (MMP/CBA/PIA-8)

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Consuelo Alarcon

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