Nearly P301 billion worth of investments approved from January to June this year are expected to create about 78,000 new jobs when the projects are in full operation, the four major investment promotion agencies of the Philippines said Thursday.
“Once fully operational, the investments registered with the investment promotion agencies (IPAs) in the first half of 2013 is expected to generate 77,892 more jobs, a 17% increase from 66, 416 jobs committed during the same period last year,” the Department of Trade and Industry said in a news release.
The value of the approved investments are 39 percent more than in the same semester last year, with the main bulk of P201.9 billion reported by the Board of Investments, while the Philippine Economic Zone Authority (PEZA) posted P83.69 billion.
Commitments to the BOI rose 22 percent while new PEZA projects jumped 92 percent.
Subic rebounds, Clark slides
The Subic Bay Metropolitan Authority (SBMA) said the P13.95 billion investments it approved are a 440 percent boost from its approvals last year’s first half and the biggest chunk was a portion of the P21.3-billion tourism complex of Resom Resorts Phils. Inc.
Clark Development Corporation (CDC) saw a 73 percent drop in its approved projects. The CDC said they gave the go-ahead to only P1.37 billion in investments. It explained that the drop was expected because of the “repricing (of) the structure of its lease rates and re-evaluation of the optimal use of remaining liable Clark areas.” — ELR, GMA News
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!
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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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