PRIVATE SECTOR investments committed to the Board of Investments (BoI) have already exceeded the full-year target just six months into 2010, a ranking official said.
The January to June tally, BoI managing head Elmer C. Hernandez told reporters last Friday, stood at P169.68 billion, up roughly fourfold from the P40.63 a year earlier. It surpassed the 2010 goal of a 10% increase in pledges to P136.592 billion.
New 2010 targets were not yet provided as Mr. Hernandez said he would be stepping down from his post on June 30. BoI executive director Efren V. Leano will take the helm in the interim.
The 87 projects that make up the January to June figure are expected to generate 13,923 jobs once they come on stream, Mr. Hernandez said.
He clarified that the ventures — already approved by the BoI managing committee — still had to be confirmed by the agency’s board today. The bulk are for power projects, he added, “which is good because it addresses our power requirements”.
“And this forbodes more good things to come. It’s a good beginning to attain the objectives of the Philippine Investment Promotions Plan (PIPP)” Mr. Hernandez said, referring to a marketing roadmap released on Wednesday.
The BoI and other state agencies committed in the PIPP to net P345.40 billion worth of projects this year and hit a total of P2.405 trillion by 2014. — Jessica Anne D. Hermosa, Businessworld
20 February –
WORLD DAY OF SOCIAL JUSTICE
“Every day, give everyone their due.
Every day should be Social Justice Day!
The only way”
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
February Observances
1-7 Feb: World Interfaith Harmony Week
01 Feb: World Wetlands Day
02 Feb: International Day of Human Fraternity
04 Feb: International Day of Zero Tolerance
for Female Genital Mutilation
11 Feb: International Day of Women and Girls
in Science
20 Feb: World Day of Social Justice
Monthly Observances:
National Health Insurance Month
Weekly Observances:
Week 1: National Awareness Week
for the Prevention of Child Sexual Abuse
and Exploitation
Week 3: Public Administration Week
Daily Observances:
Feb 1 Constitution Day
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