Foreign direct investments (FDI) tripled to P40.6 billion in April-June this year from P13.8 billion a year earlier and set in motion the process of creating 52,604 new jobs, according to the latest data gathered from four of the country’s major investment promotion agencies.
Projected employment from the FDI projects in the second quarter rose by 81.4 percent from the 29,004 jobs year-on-year.
The National Statistical Coordination Board (NSCB) said Japanese investors committed 43.2 percent or P17.5 billion of the investments approved by the Board of Investments, Clark Development Corporation, Philippine Economic Zone Authority, and Subic Bay Metropolitan Authority.
The United States and the Netherlands were also top investors, with shares of 20.3 percent (P8.2 billion) and 17.7 percent (P17.2 billion), respectively.
The main bulk of the FDIs, P26.4 billion, were channeled to the manufacturing sector. A far second were real estate investments at P5.2 billion. The utilities sector got P4.8 billion. — ELR/VS, GMA News
May –
Anti-Graft and Corruption Awareness Month
“Corruption drains the nation
and victimizes workers who build the nation.
Accountability now!”
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
May 1 – Labor Day
May 2 – World Freedom Day
May 12 – World Communication Day
May 15 – International Day of Families
May 16 – International Day of Living
Together in Peace
May 21 – World Day for Cultural Diversity
for Dialogue and Development
Monthly Observances:
The Month of the Ocean
Anti-Graft and Corruption Awareness Month
Volunteerism Month
Weekly Observances:
Week 2: Safe Motherhood Week
Daily Observances:
May 1: Labor Day
May 7: Health Worker’s Day
May 31: National Fisherfolks Day
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