TACLOBAN CITY, Leyte, April 18 (PIA) - Around 467 sample establishments in Eastern Visayas were identified by the Philippine Statistics Authority (PSA) as subject of the annual survey of Philippine Business Industry (ASPBI) with 2016 as reference year.
The 2016 ASPBI survey which started yesterday April 17, is a continuing nationwide activity of the PSA which aims to provide information on the levels, structures, performance and trends of the economic activities of the formal sector of the economy for 2016.
In a press statement, PSA regional director Wilma A. Perante said data gathered from ASPBI will constitute as basis upon which the government and the private sector can formulate policies and evolve economic development plans.
Data on employment, compensation, income, expenses, total assets, capital expenditures and inventories including data for Business Process Management (BPM) activities and micro small and medium establishments/enterprises (MSMEs) will be collected through the ASPBI.
The survey will also gather information for the updating of the list of establishments and enterprises.
Director Perante enjoined all establishments to cooperate and support the said undertaking with the assurance that all information gathered shall be treated with utmost confidentiality and shall not be used as evidence in court for purposes of taxation, regulation or investigation as mandated under section 26 of Republic Act 10625.
For those who opt to submit online is secured and all data responses are properly protected and all data will be disseminated in statistical summaries with no reference to any individual person or establishment/enterprise.
PSA warns that those who will refuse to accomplish the survey shall be imposed with a penalty of one year imprisonment and a minimum fine of Php100,000 to a maximum of Php 500,000 as stipulated under section 27 of the same law. (ajc/cba/PSA8/PIA8)