PSA embarks on ASPBI, asks
biz respondents to be honest
TAGBILARAN CITY, May 12, (PIA)--The Philippine Statistics Authority (PSA) brings out the 2016 Annual Survey of Philippine Business and Industry (ASPBI) sending out survey questionnaires to 30,000 business and industry establishments nationwide since April 17, 2017.
The survey aims to provide planners and policy makers critical information on the levels and structures of the country's economic activities so they can draft a plan on how to approximate an approach to the attainment the country's Millennium Development Goals, hints PSA-7 Chief Leopoldo Alfanta Jr.
At the ASPBI Responders Forum held at the Jjs Seafoods Village Thursday, PSA authorities initially met with the ASPBI 2016 responders in Bohol and asked for cooperation for the PSA to be able to collect detailed information on employment, income, expense, capital expenditures, establishment assets and generate key indicators to evaluate the performance of industries in the regional and national levels.
At the ASPBI 2014, the results generated have been useful in analyzing the performance of micro, small and medium enterprises to the total economy, in conducting market research and feasibility studies as well as in updating the frame of establishments, pointed out PSA RD Alfanta in his presentation.
Covered under the 2014 survey were single ownership establishments, engaged in one predominant kind of activity from a fixed location, he added.
Lake last year's survey, the 2016 ASPBI uses 18 sectors under the 2009 Philippine Standard Industrial Classification.
These include: Agriculture, Forestry and Fishing, Mining and Quarrying, Manufacturing, Electricity, Gas, Steam and Air conditioning Supply, Water Supply, Sewerage and Waste Management and Remediation Activities, Construction, Wholesale and Retail and Repair of Motor Vehicles and Motorcycles,
Transportation and Storage, Accommodation and Food Service Activities, Information and Communication, Financing and Insurance Activities, Real Estate Activities, Professional, Scientific and Technical Activities, Administrative and Support Service Activities, Education, Human Health and Social Work Activities, Arts, Entertainment and Recreation and other Service Activities.
By the 2014 ASPBI, economic planners found out that of all sectors, the highest number of workers was seen in the manufacturing sectors accounting to 25% of the country's total employment.
Manufacturing had a total of 1,031,058 workers, followed by Administrative and Support Services with 803,363 workers.
the recent survey also showed a total of 4,127,621 workers, Central Visayas owning 397,000 employees from establishments with over 20 workers, which ranks third nationwide after national Capital Region (1.9M) and Region 4-A at 665,000.
Total income of establishments of top sectors in the country reached P12 trillion, with manufacturing still racking up P 4.3 trillion followed by wholesale, retail and motor vehicles and motorcycle repair getting P2.4 trillion.
For those intending to find works with best compensations, the 2014 ASPBI showed that the annual average compensation on sector per employee basis is highest at Electricity, Gas, Steam and Air Conditioning Supply with P696,000, followed by information and communication at P584,000 and then at a little half a million for Financial and insurance activities.
For the survey which the PSA is holding, authorities assure of the confidentiality of the responses as they are guided by RA 10625, while those respondents giving out faulty information may be legally liable for suits. (rahc/PIA-7/Bohol)
Respondents of the 2016 Annual Survey of the Philippine Business and Industry pose with the PSA during a presentation and announcement of the ASPBI 2016 season, during an activity at the Jjs Seafood Village this week. (rahc/PIA-7/Bohol)