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Commerce and industry in the province is in full swing as manifested by the growing number
of business establishments, construction of high rise buildings, and
availability of Automated Teller
Machines (ATM).
Based on the result of the 1999 Updating of List of Establishments (ULE), the number of establishments
in the province has reached 2,890 as against to
1998 with a total of only 2,641, registering
a positive growth of 9.4 percent. Large percentage of these businesses belongs to the
wholesaling and
retailing category and majority of which are single establishments meaning
they do not have branches.
To date, Marinduque has no existing shopping malls but there are some commercial buildings.
Multinational companies are not present in the province
hence the ratio of unemployment
here is high since majority of the establishments here have one (1) to four (4) personnel
only.
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