MANILA, Philippines – Combined investment approvals of the Philippine Economic Zone Authority (PEZA) and the Board of Investments (BOI) surged 192 percent to P231.3 billion during the first half of the year from P79.24 billion in the same period last year.
PEZA-approved investments for the first half went up by 59 percent to P61.3 billion. Earlier, the Board of Investments (BOI) said its approvals jumped by 318 percent to P170 billion.
In a report to Trade Secretary Gregory L. Domingo, PEZA Director General Lilia B. De Lima said that the investments for January to June came from 246 projects which are expected to push up exports by 92 percent to $2.84 billionduring the first half of the year.
Employment generated by firms operating in PEZA zones slightly went up to 44,127 from 41,977.
Despite the strong first half performance, PEZA spokesman Elmer San Pascual said they have no plans of revising their 15 percent investment target for the year. “During our last meeting we decided that we will stick to our original target,” San Pascual told reporters in an interview.
According to San Pascual, they will not be revising their target because the P211 billion full year investment target is already steep and substantial. However, he cleared that they expect more investments to come during the second half of the year.
Earlier, the BOI said that they have already exceeded their full year target of P135.76 billion after it recorded P170 billion worth of approvals for the first half of the year.
Investment approvals jumped by 318 percent to P170 billion for the first half of the year as firms continue to pour in more capital in energy products. The January to June figure was 318 percent better than the P40.63 billion recorded during the same period a year ago. –(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!
#WearMask #WashHands
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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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