by Czeriza Valencia (The Philippine Star) – 6 Dec 2019
MANILA, Philippines — Foreign investment pledges jumped four-fold to P182.4 billion in the third quarter of the year, driven by commitments in the information and communications technology (ICT) industry, the Philippine Statistics Authority (PSA) reported yesterday.
Commitments cleared by the country’s seven investment promotion agencies (IPAs) increased from P42.6 billion in the third quarter of 2018.
The projects were lodged at the Board of Investments, Clark Development Corp., Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority, Authority of the Freeport Area of Bataan, BOI-Autonomous Region in Muslim Mindanao and Cagayan Economic Zone Authority.
“The growth in investment pledges were mainly driven by investments in the information and communication industry, which grew to P134.6 billion in the third quarter,” the PSA said.
Most of the investment commitments during the third quarter were made by companies from Singapore, South Korea and Japan.
Singapore committed P135.0 billion or 74.0 percent share of the total investments during the quarter. South Korea and Japan pledged P34.3 billion and P3.9 billion, or 18.8 percent and 2.1 percent of the total approved commitments, respectively.
Investments of foreign and Filipino investors approved by the seven IPAs for the third quarter of 2019 are expected to generate 50,575 jobs.
Out of these anticipated jobs, 54.3 percent would come from projects with foreign interest.
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!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
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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