Poblacion, Banate
Tel. no. +63 033 3620 002
email: lgubanate@gmail.com

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Economic Profile

Revenue Sources

Revenue sources of the Municipality of Banate come from the local income and internal Revenue Allotment (IRA) from the national government which sustains and finances the programs and projects. The sources of our local income consist of local taxes on business and licenses while the Non – tax Revenue under the Regulatory fees consist of License Fees, registration Fees, Inspection Fees, Clearance and Certification Fees, Permit Fees, Fees on Weights and Measures, Occupation Fees and Fines and Penalties.

Industry

Municipality of Banate has an Agro – Industries. Most of these are small to medium – scale food processing (Blue Crab Steaming and picking Plants), Water Processing and Refilling Stations, Bakery shops, Furniture manufacturing, pedicab body – building, auto shops, warehousing / storage, and rice mills. The Municipality is specialized Food Processing primarily on blue crab meat picking and steaming as the municipality’s One Town One Product. Another is the operation of GT Rice Mill. These agro industries are concentrated mainly along Carmelo, Poblacion, Zona Sur and Alacaygan Areas. The potential of the municipality for industrial development will be further enhanced, should the proposals for expansion and extension of the municipal port to serve as Roll – On Roll – Off and terminal, a fishing port complex to be constructed at the proposed expanded reclamation area from Eco Park to the shorelines adjacent to the public market. Fishery product will be process to ensure the extended shelf life of the products. 

Commerce and Trade

The potential of the community in commerce generally relies on its source of livelihood stated previously. Strategically intersected by the national highway, trade and commerce finds its way easily to Banate. Convergence of products from neighboring towns happens at Banate in daily basis. Fruits and vegetables from parts of San Enrique, Barotac Viejo and Anilao as well as marine products from Barotac Nuevo and Barotac Viejo were sold at Banate thus, categorized as the minor Central Business District (CBD). Fishing boats lands and delivers their catch at three general schedules, 2am; 4am and 10-11am. 

The commonly know market day in Banate is Wednesday but Sunday and other ordinary days prove to be as commercially active as well. In addition to this, another market day is active on Sundays at Brgy. De La Paz, 12 kilometers inland from the Poblacion or town proper.

Agriculture

One of the beautiful coastal town and Agricultural land with an obscure historical background here in Iloilo is the Municipality of Banate. Sometimes, the town’s name is reportedly attributed to the presence of many Banate trees in the area. Included within the territorial jurisdiction of the town were, Barotac Viejo and Anilao which were only barrios of the Municipality and later became an independent town. Municipality of Banate is located in the 4th Congressional District of the Province of Iloilo and the blue crab is the One Town One Product (OTOP) of this town. It is composed of Eighteen (18) Barangays were, seven (7) is along the seashore (coastal) and the remaining eleven (11) was the rice granary of the municipality. The total area planted to rice is 2,529.56 hectares of which 1,106.70 is irrigated and 1, 422, 86 hectares is dependent on rain or rainfed area. Banate’s topography is 0- 2.5% areas in a slope level category comprising 63% of the total land area and the rest 37% is distributed to forest and open lands. Most common source of family income is agriculture and fisheries, including livestock-raising. Livestock most commonly raised in Banate includes, cattles, goats, swine and poultry. In fact there are five (5) commercial poultry and also five (5) piggery farms here in Banate.

Real Property Tax

Real property taxes collected from different land uses has contributed a good share to the local revenue of the municipality. Other Sources of Revenue Another source of the revenue of the municipality is generated through building and zoning permits from residential, commercial, industrial, etc. and services.

Employment

As shown on Table12. Labor Force Population by Sex and Employment Status, According to the 2011 POPCom Survey, out of 21,366 residents who are15 years old and above, 9,988 are considered be economically active. This comprises of 6,591 or 21% males and 3,397 females or 11%. Average Family Income and Expenditure vis-à-vis Poverty Level.

The main source of family income in Banate is generally agriculture. In 2011 Household survey conducted by Pop Com, most of the household heads of the family are engaged in agriculture, either as farmers; or farm laborers and other farming activities 1,450 or 21.8 %, private & government employee comprises 935 or 14%. Fishing ranked third as the major source of income among household heads. Forty Three percent (43%) were Laborers, Barangay Volunteers, Allowance, Pensioners etc.

Income and Poverty Incidence. Based on the CPDBMP 2011 of the POPCOM, the municipality has 55.39% poverty incidence; 22.14% of this or 1,476 households have income falling below the poverty threshold, while 77.53% or 5,168 households earns below the food threshold.

BALITA BANATENHON

Pahibalo sa aton mga pumuluyo halin sa ILECO III:

SCHEDULE OF POWER INTERRUPTION

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