LGU Daet cites top business establishments

DAET, Camarines Norte (Jan.23 2014)--- Some 18 top performing business establishments in 2013 here were recently cited by the local government unit for their high gross sales and corresponding business taxes paid for last year.

Mayor Tito Sarion said that at the beginning of every year, business establishments that are considered leaders in their respective fields are recognized for their high reported gross sales, as business owners renew their business permits and pay corresponding tax early or on time.

Sarion who led the awarding of plaque of recognition to the establishments said that the citation is one way of encouraging the business sector to report their actual gross income and pay corresponding taxes to help the local government in its revenue collection efforts.

He said that the municipal government unit has collected more than P39.6 million last year from business related taxes and fees--- that is P1.3 million higher compared to P38.3 million in 2012.

Among the top performing business establishments in banking industry were Land Bank of the Philippines (LBP) and Catherine Torres of Rural Bank of San Vicente, Camarines Norte, ranked first and second respectively. Upper-lines Transportation Inc. and Narciso Morales of D.L.T.B.Company topped the transportation sector.

Bicolandia Drug Corporation of the Mercury Drug Daet, Gov. Panotes Branch and South Star Drug Vinzons Ave. ranked first and second, respectively, for pharmaceuticals. Family Merchant Project Development Corporation and Emmanuel A. Lo of Great Wall Engineering were top contractors and developers.

PMTC Inc. and Coca Cola Bottlers Phils. Inc. topped the manufacturing sector. Jack Trading Inc. of HP Supermart and Tanzo Prime Goods Source were top performers for retailing; Danny Ong of New Helen Trading and RT Montana Distributor Corp. were the leaders in wholesale sector.

The StarHarvest Food Inc. of Jollibee Pimentel and RNM Food Corporation of Jollibee Bayan topped the food chain industry; Leon Hernandez Memorial Hospital and Central Hospital Corporation of Our Lady of Lourdes Hospital were the top awardees in hospital and medical services.(SONNY SALES)