by Ian Nicolas Cigaral(Philstar.com), 6 June 2019
MANILA, Philippines — Committed foreign direct investments rose more than three-fold in the first quarter of 2019, data released by the Philippine Statistics Authority on Thursday showed.
FDI pledges approved by the country’s seven key investment promotion agencies, or IPAs, amounted P46.0 billion in the first three months of the year, higher than P14.2 billion recorded in the same period in 2018.
The seven IPAs are Board of Investments, Clark Development Corporation, Philippine Economic Zone Authority, Subic Bay Metropolitan Authority, Authority of the Freeport Area of Bataan, BOI-Autonomous Region of Muslim Mindanao and Cagayan Economic Zone Authority.
Committed FDIs from Netherlands hit P10.1 billion, the biggest among investing countries and accounting for 22% of the total pledges during the period.
Japan came in second, pledging P9.4 billion or 20.5%.
Thailand took the third spot with commitments valued at P8.5 billion or 18.4% of the total approved investments.
Manufacturing bested all other industries, as it stands to receive P35.0 billion or 76.1% of FDI pledges.
Foreign investment commitments are different from the actual capital inflows separately tracked by the Bangko Sentral ng Pilipinas for balance of payments purposes.
If the FDI pledges in the first quarter materialize, the PSA said the projects are expected to generate 41,837 jobs, 24% higher than the previous year’s projected employment.
“Out of these anticipated jobs, 76.4 percent or 31,979 jobs would come from projects with foreign interest,” the PSA said. —
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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