In first seven months
The Philippines investment scene is poised for recovery this year as strong new inflows are expected to match the P464.2 billion record high posted in 2008.
For the January-July period this year, investments generated by the Board of Investments alone soared 297 percent to P171.805 billion versus P143.226 billion in the same period last year.
This is on top of the P111.5 billion combined investments of the 124 projects whose applications are in the various stages of processing with the BoI as of August 24 this year.
In August this year, the BoI approved P4.9 billion.
January-July period this year or 57.54 percent increase versus P43.55 billion in the same period last year. BoI and PEZA account for 90 to 95 percent of the country’s overall investments inflow.
“We will fight and we are optimistic we reach our record high in 2008 at least. We will target to match the 2008 level under this new administration,” said Lucita P. Reyes, BoI Executive Director for project assessment group.
The national (BoI, PEZA, Clark Special Economic Zone and Subic Bay Metropolitan Authority) investments target for 2010 is P345 billion. The country’s record high investment generation was registered in 2008 with P464.2 billion. Investments inflow, however, declined in 2009 to P314 billion following the global financial crisis.
Reyes said the BoI approved investments in the first seven months the year involved 99 projects or 14 percent higher than the 87 projects approved in the same period last year.
These projects are also expected to employ 14,715 workers once they go into full commercial operation. The employment figure, however, is a decline compared to the 16,343 jobs generation of the projects registered in the first seven months of 2009. –BERNIE CAHILES-MAGKILAT, Manila Bulletin
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