PSA Guimaras holds PSIC Training Workshop to benchmark coding for 2022 reg biz

The Guimaras Provincial Statistical Office conducted the Training-Workshop on Establishment Classification using the Philippine Standard Industrial Classification (PSIC) for the Local Government Units (LGUs) on 16-17 October 2023 at Caza Guesthouse, Brgy. San Miguel Jordan Guimaras.

The activity aimed to benchmark the 2022 registered business establishments coding in the province in accordance with the 34th NSM celebration.

“This will serve as a classificatory basis for LGUs’ endeavor in working retroactively on the data for 2020 to 2021 and prospectively for the 2023 figures onwards. The required output is extensive to the three-year compilation of Provincial Product Accounts,” PSA- Guimaras, Provincial Nelida B. Losare said.

Losare explained that the training workshop aims to enhance the knowledge and expertise of the assigned personnel of the concerned offices on the use of PSIC in classifying registered business establishments in their licensing system to ensure the strategic generation and production of quality, timely and comparable statistics at the sub-national level using the PSIC.

The training workshop was participated by the technical staff from the Municipal Planning and Development Office, Municipal Treasurer’s Office, Business Permits and Licensing Office, and those handling the municipal registry system for business in the five municipalities in the province of Guimaras.

The first day of the training workshop was a refresher discussion of the 17 industries: Agriculture, forestry, and fishing; Mining and quarrying; Manufacturing; Electricity, gas, steam, and air conditioning supply; Water supply; sewerage, waste management and remediation activities; Construction; Wholesale and retail trade; repair of motor vehicles and motorcycles; Transportation and storage; Accommodation and food service activities; Information and communication; Financial and insurance activities; Real estate and ownership of dwellings; Professional, scientific and technical activities; Administrative and support service activities; Education; Human health and social work activities; Arts, entertainment and recreation; and Other services.

The second day was a workshop/hands-on exercise, actual coding of the registered business establishments of each municipality, which is the application of the learnings they earned from day 1. They used their data submitted for the Provincial Product Accounts (PPA).

The computer Operator of LGU Buenavista and in charge of the business licensing databank, Ms. Gina G. Gaborno, gave impressions on behalf of LGU Buenavista, expressing grateful appreciation to the PSA for conducting a one-of-a-kind PSIC training, explained in layman’s terms, enriched with examples, and discusses economic activities that are baffling and always miscoded.

The PSIC is a detailed classification of industries prevailing in the country according to their kind of productive activities.

It provides a set of activity categories utilized for data collection and presentation of statistics according to such activities and a means of aggregating the enormous amount of data collected.

“The PSIC serves as a framework for data collection, processing, and compilation to ensure uniformity, consistency, and comparability of data produced by both government and private sectors and serves as a guide in the classification of establishments according to their economic activity,” Losare said.