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
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
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
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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