The country’s top two investment promotion agencies, the Board of Investments (BoI) and the Philippine Export Zones Authority (Peza), generated a total of P145.23 billion worth of committed investments from January to March, which was 123.22 percent higher from the P65.06 billion of approved investments generated in the same period last year.
Both agencies’ investment approvals increased with BoI’s record of approvals by 204.94 percent at P110.40 billion from P36.21 billion and, similarly for Peza, with a 20.68 percent at P34.82 billion from P28.85 billion compared to the same period last year.
The major source of investments came from local investors with committed investments worth P125.12 billion, accounting for 86.15 percent of total investments, while foreign investors contributed a total of P20.11 billion or 13.85 percent of total investments.
The 203 approved projects are expected to create 39,664 additional jobs when fully operational, a 24.44 percent increase from last year’s 31,875.
The manufacturing sector top the list of sectors with the highest committed investments worth P104.04 billion, a 414.69 percent increase compared to the same period of last year with P20.21 billion.
Notable project includes Petron Corp. (a 99.47 percent Filipino and 0.53 percent Various Foreign), an existing industry participant under the Downstream Oil Industry Deregulation Act of 1998 (RA 8479) infused new investments worth P74.78 billion that will engage in the modernization/conversion of Bataan oil refinery project.
The real estate activities sector came in second with investments amounting to P16.59 billion from P11.26 billion investments last year, remains bullish garnering a 11.42 percent share of total investments in the first quarter of 2011.
Investment approvals in electricity, gas, steam and air-conditioning supply (P14.65 billion from P28.45 billion) decreased by 48.52 percent. Administrative support service activities sector (P2.87 billion from P1.79 billion) while mining and quarrying sector generated a total of P2.06 billion in the first quarter of 2011. –Ayen Infante, Daily Tribune
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
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
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
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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