Economic Profile

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Economic Profile

AGRICULTURE

For crop year 2006, production of palay, the primary field crop of the province reached a total of 230,154 metric tons harvested from 74,504 hectares with an average yield of 3.09 metric tons per hectare. As compared to crop year 2005, a decrease of 2,182 metric tons or 1% in production was experienced.

As to type of farms cropped, 71% of the total palay output were produced from irrigated lands and the remaining 29% were from rainfed areas. The average yield per hectare for irrigated lands is 3.55 metric ton per hectare while the average yield for non-irrigated areas is 2.36 metric ton per hectare.

For the year 2006 our province had a surplus stock of 45,605 metric tons equivalent to 1,140,125 cavans of palay. For the current year, data on the production of other field crops are the following: corn – 8,224 metric tons, legumes (mungbean, peanuts and other beans)- 2,024 metric tons; rootcrops (camote, cassava, ube, etc.) – 9,729 metric tons; vegetables (leafy, fruit, and root) - 1,927 metric tons; banana- 14,525 metric tons and mango – 1,858 metric tons

FISHERY

By the end of the year, preliminary data from the Bureau of Agriculture Statistics (BAS) reported the fishery and marine products totaling 66,214 metric tons. The aquaculture sector yields the highest production with the inclusion of seaweeds in this sector with 48,379 metric tons.

LIVESTOCK AND POULTRY

Livestock and poultry raising in the province is through backyard system of production. Data from Bureau of Agriculture Statistics (BAS) revealed that from 168,320 heads of livestock in 2005, the number rose to 186,871 in 2006 resulting to a significant increase of 18,551 heads. As for the poultry , an increase of 28,452 heads from 1,482,625 heads in 2005 to 1,511,077 heads in 2006

FORESTRY

Forest products are rattan, buri, bariw, nito, herbal vines and plants, include bamboo, forest trees, abaca, wild flowers and others. These forest resources are of undetermined quantity, and are used as raw materials in construction industry furniture and handicraft, herbal medicine, oraments and other accessories.

TRADE, COMMERCE AND INDUSTRY

Major products shipped out of the province are palay, rice, copra, muscovado sugar, legumes, fruits & vegetable, livestocks, fish & fish preparations and seaweeds. Manufactured items like native gifts, toys and house wares found their way in major cities of the country and abroad. Principally mined products that are being exported include coal, marble, silica, copper and gemstones.

Main goods entering the province are construction materials, dry goods, groceries, canned and bottled products, fertilizer, poultry and livestock feeds and others.

The capital town of San Jose de Buenavista is the center of trade and is considered the business hub business establishments mushroomed in the area. Potential growth areas include the towns of Culasi and Pandan .

Investment opportunities with bright prospects in the province are the following:

۞ Muscovado sugar industry

۞ Seaweed processing

۞ Marble processing

۞ Gemstone semi-processing

۞ Coco oil mill

۞ Live stocks and poultry

processing

۞ Food Processing

۞ Marine products processing

۞ Furniture, handicraft,

metal craft

۞ Fiber extraction/processing/

Weaving

۞ High value crop production

۞ Feed/Feed Milling

BANKS AND OTHER FINANCIAL INSTITUTIONS, (2006)

Antique has a total of eight (8) rural banks, seven (7) private commercial banks and three (3) government banks; the Development Bank of the Philippines and the Philippine National Bank, while Land Bank of the Philippines have branches at San Jose de Buenavista and Pandan, Antique.

There are also fifty-one (51) multi-purpose cooperatives and four (4) credit cooperatives operating in the province under the umbrella organization of the Antique Federation of Cooperatives (AFCCUI).

ESTABLISHMENTS

An establishment is an economic unit, which engages under a single ownership or control. Department of Trade Industry (DTI) classified as manufacturing establishments are those making hollow blocks, wood furniture, steel, bamboo, metal craft, thresher, sidecar for tricycles and passenger/owner jeep and truck body building.

While processing establishments are those that packed goods, canned goods, soap, oil etc.

Acording to DTI total investments in the province reached Php 138,750,000.00 and 595 new firms registered in 2006.

MINERAL RESOURCES

The mineral resources, metallic and non-metallic that abound the province are as follows; coal, marble, copper, gold, limestone, silica, slice gemstone, clay and others. An indication of oil deposit was recently discovered at Maningning (Maniguin) Island in Culasi.Petronas of Malaysia are currently undergoing oil exploration in the island.