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Business/trade development in the province has that distinctive characteristic of being dominated by small and micro-traders which form the backbone of commercial activities. However, the services sector is fast catching up and so do the manufacturing sector. Handicrafts, furniture making, food processing and ceramics are steadily gaining prominence as the prevailing industry and alternative livelihood.
The retail trade sector has maintained its leadership over the services and manufacturing sectors in terms of number of establishments. Fully entrenched in its position of leadership, the retail trade sector single-handedly provided most of investments and employment for workers in the province, aside from those in agriculture. As of December 2005, business establishments in the province are detailed below:
Nature of Business |
Number of Establishments |
| Manufacturer |
64 |
| Processor |
66 |
| Producer |
11 |
| Retailer |
888 |
| Services |
374 |
| TOTAL |
1,403 |
- List of Business organizations/trade associations
- Siquijor Chamber of Commerce and Industry, Inc.
Larena, Siquijor
Contact Person: Engr. Deleto W. Cuevas
- Siquijor Province Union of Cooperatives, Inc.
Siquijor, Siquijor
Contact Person: Mr. Arturo Pacatang
The major economic activity of the province since then and now is basically the same, setting on an agricultural production area. The major occupation of the people are farming, fishing and trading. Industrial activities are very minute and basic such as lime, mining, woodcraft, small metal workshops, rice and corn milling and others. The table below shows economic indicators:
| Description |
2002 |
2003 |
2004 |
2005 |
2006 |
| Land Area (has.) |
31,812.985 |
31,812.985 |
31,812.985 |
31,812.985 |
31,812.985 |
| Population |
81,598 |
83,385 |
85,211 |
87,077 |
88,984 |
| Total Income: |
149,632,
491.36 |
160,635,
962.09 |
154,992,
331.84 |
168,098,
671.42 |
179,122,
079.21 |
| - IRA |
142,464,
670.84 |
143,647,
988.00 |
144,595,
240.42 |
155,278,
796.21 |
168,876,
244.56 |
| - Local Revenue |
7,167,
820.52 |
16,987,
974.09 |
10,397,
091.42 |
12,819,
875.21 |
10,245,
834.65 |
| Total Expenditures |
108,558,
180.12 |
121,053,
701.11 |
119,467,
225.11 |
122,329,
178.59 |
131,633,
871.43 |
* Estimated Population based on the 2.19% growth rate
Major Agricultural Product:
Copra, cassava, bananas, corn, mangoes, rice, livestock and poultry
Industrial Activities:
Lime mining, rice and corn milling, ceramics woodcraft, gift toys & housewares
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| Commercial Activities: |
General merchandising, Trading, Buy & Sell |
Number of Registered Business
Establishments |
1,684 |
Percent Growth Rate of Registered Business
Establishment |
68% (2002-2003) |
| Number of Banks |
4 |
- a. First Consolidated Bank, Siquijor, Siquijor
- b. Land Bank of the Philippines, Larena, Siquijor
- c. Allied Bank, Larena, Siquijor
- d. Rural Bank of Larena, Larena, Siquijor
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| Mineral Resources - |
manganese, tuffaceous marl, limestone & rock phosphate |
| Average Household Income |
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| % HH Above Poverty Line |
60% |
| % HH Below Poverty Line |
40% |
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| Farming (2006) |
| Riceland |
456.99 has. (irrigated & non-irrigated) |
| Average Production/ha. |
3.26 MT/has. |
| Corn |
4,824.60 has. |
| Average Production/ha. |
0.52 MT/ha. |
| Mango (all varieties) |
164.00 Has. |
| Production |
164.00 Has. |
| Coconut |
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| Production |
8,862.05 MT (matured w/ Husk & Young) |
| Banana (all varieties) |
1,248.00 Has. |
| Production |
16,524.63 MT |
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| Fishing (2006 Data) |
| Fishermen |
5,350 |
| Fishing Bancas: |
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Motorized
Non-motorized |
348
2,448 |
| Fish Production: |
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Commercial
Municipal
Aquaculture (Seaweeds, Bangus, Tilapia) |
19.7 MT
2,488.15 MT
65.7656 MT |
| Tilapia Fingerlings Dispersed |
10,000 fingerlings |
| Bangus Fry Ship: |
of now there are no shipments of wild bangus fry. Wild fry are utilized by the local fish cagers in the province. |
| Note: In Aquaculture, the bangus commodity was funded by Cong. Orlando A. Fua with P2,000,000.00 and BFAR with P1,000,000.00. |
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