Investment commitments have reached P391 billion, as businessmen remain upbeat on the country’s economy, the Department of Trade and Industry (DTI) said.
“DTI has already exceeded its full-year target,” Elmer C. Hernandez, DTI Undersecretary told The STAR in an interview yesterday.
The combined full-year investment target of the Board of Investments (BOI) and the Philippine Economic Zone Authority (PEZA), both attached to the DTI, is P391 billion.
This represents a 12-percent growth from the 2007 investment figure.
Hernandez noted that in spite of the global economic crunch, no investor has backed out from its investment commitments.
“As of today, no investor has backed out and no one has said that they will delay their investment,” Hernandez pointed out.
This is good news for the country especially since total investments next year is expected to slow down.
“If ever there is a slowdown in investments then I think we should take that opportunity to make the Philippines a better investment destination,” Hernandez explained.
The undersecretary, who is also the managing head of BOI, said the country should not force the issue of investments.
Instead, the government must focus on ways to make the country better like improving infrastructure and training its manpower.
“These are the things investors are looking at. After the storm has passed, investors will see that the Philippines has the tools to serve them and they (investors) will come here,’ he said.
Trade and Industry Secretary Peter B. Favila said he is confident that the government will get more investments for next year.
He said PEZA and DTI are expected to attract P438 billion worth of new investments for a 12 percent growth next year.
Favila said the trend of a 12 percent growth in investments is expected to continue until 2010 when investments are expected to reach P490 billion.–Ma. Elisa P. Osorio, Philippine Star
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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