THE upcoming national elections may put potential investors on a “wait-and-see” stance, Trade Secretary Peter Favila warned. “[The influx of investments] this year will depend on the outcome of the elections—who is the next president and the credibility of the polls,” he told reporters Friday night.
While investors may temporarily hold back and await the poll results, they would likely conduct preliminary work, and may finally decide on infusing investment pledges soon after the elections, the trade chief said.
He refused to give out the department’s inward investment target for 2010, even as agency has yet to release last year’s total commitments registered with the Board of Investments (BOI) and the Philippine Economic Zone Authority (PEZA).
PEZA had reported that investment pledges in ecozones last year amounted to P175.365 billion, up 13.3 percent year-on-year.
PEZA had also said it targets a 15-percent growth in investments this year.
Meanwhile, the BOI had said it would slightly miss its 2009 investments target of P288.35 billion, which is the same amount garnered in 2008.
The combined investment pledges with the two incentives-giving reached P443.23 billion in 2008. –BEN ARNOLD O. DE VERA, Manila Times
May –
Anti-Graft and Corruption Awareness Month
“Corruption drains the nation
and victimizes workers who build the nation.
Accountability now!”
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
May 1 – Labor Day
May 2 – World Freedom Day
May 12 – World Communication Day
May 15 – International Day of Families
May 16 – International Day of Living
Together in Peace
May 21 – World Day for Cultural Diversity
for Dialogue and Development
Monthly Observances:
The Month of the Ocean
Anti-Graft and Corruption Awareness Month
Volunteerism Month
Weekly Observances:
Week 2: Safe Motherhood Week
Daily Observances:
May 1: Labor Day
May 7: Health Worker’s Day
May 31: National Fisherfolks Day
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