MANILA, Philippines – Investments for the first eight months of the year went up by 76.27 percent to P437.867 billion from P248.411 billion a year ago, according to a report from the Board of Investments (BOI) and the Philippine Economic Zone Authority (PEZA).
For PEZA alone, investments went up by 60 percent for the first eight months to P113.603 billion from P70.958 billion a year ago. The number of projects likewise went up to 426 projects from 332 projects last year.
BOI-registered investments, on the other hand, went up by 82.73 percent to P324.264 billion from P177.453 billion a year ago.
BOI officer-in-charge Lucita P. Reyes said the number of projects were greater this year at 210 from only 112 during the same period last year. Of the 210 projects, 112 are mass housing.
Reyes said that energy emerged as the top sector in terms of project cost with P87.443 billion, followed by oil projects with P74.798 billion. The third was mass housing with P62.658 billion and the fourth was mining with P60.458 billion.
The mass housing sector was the biggest creator of jobs with 33,408 employees, followed by mining with 4,239 jobs and manufactured products with 3,915.
Earlier, BOI managing head Cristino L. Panlilio said it is possible for them to hit P320 billion in investments.
The administration had a successful state visit to China wherein the government brought home $1.3 billion worth of investment.
“We (BOI) have already exceeded our annual target of P250 billion. That’s remarkable. We will readjust our target,” Panlilio told reporters. In fact, he said the BOI will be able to surpass its all time high record posted last year.
“We believe we can hit our P304 billion all time record at by the end of third quarter based on pending applications,” Panlilio said. –Ma. Elisa P. Osorio (The Philippine Star)
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!
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September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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