MANILA, Philippines–After getting huge investments from large foreign firms last year despite the recession, the Department of Trade and Industry is confident that the country will get more infusions this year as the global economy has already started to recover.
The country last year welcomed the entry of Japanese firm Sumitomo Metal Mining Co., Thai company Charoen Pokphand Foods, and Kuwait’s Al Kharafi Group through subsidiary Al-Mal Investment Co.
These committed investments totaled around P119 billion.
“Investor confidence in the Philippines continues to be strong with the recent entry of critical investments poured from several global conglomerates. The decision of these companies to invest is a clear indication that the Philippines remains to be one of Asia’s investment destinations of choice,” Trade Secretary Peter Favila said in a statement.
The biggest among last year’s committed foreign investments was that of Taganito HPAL Nickel Corp., a joint venture between Nickel Asia Corp. and Sumitomo for a P62.7-billion nickel-cobalt mixed sulfides production project.
Thailand’s CP Foods, on the other hand, will set up a P2.4-billion aqua feed mill plant in Capas, Tarlac. The Al Kharafi Group’s Al-Mal had likewise committed to invest $1.2 billion for the development and expansion of the Diosdado Macapagal International Airport in Clark Field, Pampanga. –Abigail L. Ho, Philippine Daily Inquirer
It’s women’s month!
“Support women every day of the year!”
Invoke Article 33 of the ILO constitution
against the military junta in Myanmar to carry out the 2021 ILO Commission of Inquiry recommendations against serious violations of Forced Labour and Freedom of Association protocols.
Accept National Unity Government
(NUG) of Myanmar.
Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week
Women’s Week
Week 3: Philippine Industry and Made-in-the-Philippines
Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
Mar 4— Employee Appreciation Day
Mar 15 — World Consumer Rights Day
Mar 18 — Global Recycling Day
Mar 21 — International Day for the Elimination of Racial Discrimination
Mar 23 — International Day for the Right to the Truth concerning Gross Human Rights Violations and for the Dignity of Victims
Mar 25 — International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade
Mar 27 — Earth Hour
