AC revenues seen to hit P45B this year

ANGELES CITY – Revenue collections here is expected to hit P45 billion this year.

The gross revenues of registered businesses in Angeles City grew by more than 70 percent as of July this year or P42.8 billion.

This could increase to 80 percent or P45 billion before the end of the year, according to Angeles Mayor Edgardo Pamintuan.

“From only Php25 Billion in declared gross annual income when I took over the reins of the City Government in 2010 to Php42.8 Billion this year.”

Pamintuan, who is also the president of the League of Cities of the Philippines and chairman of the Regional Development Council of Central Luzon, added that, “There were 10,081 registered business establishments in 2010. This number has increased to 11,865 as of the end of July this year. In 2010, we only have 105 hotels and 369 restaurants. At present, Angeles City has 122 hotels and 499 restaurants.”

He attributed the increase in business establishments and revenues to the confidence of investors to the city government and “an environment that is conducive to business.”

“Walang under-the-table at walang fixer sa Angeles City Hall. Iyan ang gusto ng mga investors. Also, the peace and order situation; the crime rate in Angeles City is at its lowest,” Pamintuan said.

Under Pamintuan, the Angeles City Government has been a consistent recipient of the Seal of Good Local Governance (SGLG), the annual award from the Department of Interior and Local Government (DILG) given to local government units for good financial housekeeping including compliance to the full disclosure policy, disaster preparedness, social protection, peace and order, environmental management, and business friendliness.

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