My Google Page Rank

Phl investments hit all time highs

PDFPrintE-mail

“The Investment climate in the country remains very healthy as our data show all-time highs in all significant aspects of investment,” Department of Trade and Industry (DTI) Industry and Investments Group Undersecretary Cristino L. Panlilio said.

Compared last year, Usec. Panlilio underscored significant increase in the investments registered with the Board of Investments (BOI) and the Philippine Economic Zone Authority (PEZA) this year.

“During the first five months of 2011 we have registered a record total of P259.95 billion, that’s 189 percent higher compared to the P90-billion approved investments generated in the same period last year,” Usec. Panlilio said.

According to Panlilio, the major sources of said investments were local investors with committed investments worth P224.57 billion while foreign investors contributed a total of P35.37 billion.

The first year of the Aquino administration, from July 2010 to May 2011, saw a whopping P535.19 billion approved investments, a considerable increase of 73 percent from the P309.87 billion posted in the same period last year.

Meanwhile, Usec. Panlilio divulge the 2011 Investment Priority Plan comprising of 13 priority sectors to include agriculture/agribusiness and fishery, creative industries, shipbuilding, mass housing, energy, infrastructure, research and development, green projects, tourism, motor vehicles/transportation, mining, strategic projects and projects under the Public-Private Partnership (PPP) program.

Usec. Panlilio highlighted the inclusion of motor/vehicles transportation and mining as major additions to the list. “We included them to show how important their contributions are to the country’s economy,” he stressed.

The motor vehicle was originally listed under the Strategic Project, but industry players are complaining of stringent requirements under the said heading including an investment of $300 million, employment of 1,000 workers or the introduction of new technology to avail of BoI incentives.

Panlilio said the motor vehicle/transportation list will have a separate implementing rules and regulations that would be in line with the requirements under the Motor Vehicle Development Program (MVDP).

While on mining, Panlilio said the sector is included in both the priority list and the mandatory listing because it has specific law The Mining Act.

Panlilio added that the listing of mining under the priority list is meant to extend incentives to mining projects that are not granted under the Mining Act.(CNEX/PIA9-BST)




Related news items:
Newer news items:
Older news items:

Add comment


Security code
Refresh

Driver carrying gun arrested

08 Dec 2018 Hits:125 Be the first to comment!

A public utility jeepney (PUJ) driver was arrested at a checkpoint manned by personnel of the Zamboanga City Mobile Force Company (ZCMFC) for possession of a homemade handgun at R.T. Lim Boulevard, Barangay San Jose Cawa-Cawa, Zamboanga City on Thursday. Arrested was Sahiron Rene Mohammad, 32, married, driver of the PUJ bearing plate number JVG-551, and a resident of Suterville, Barangay Campung Islam, this city. Recovered from him was a caliber .38 revolver with four live ammunition. Police report shows that ZCMFC personnel PO1 Mohammad Nur Sali and Alfie Paglinawan flagged down Sahiron for driving his PUJ without wearing seatbelt.When the police asked for his driver’s license, he failed to provide any. Accordingly, PO1 Sali saw something bulky on the driver’s waist that prompted [...] Read more

Prev Next Page:

City’s PESO, most outstanding in Zampen

07 Dec 2018 Hits:108 Be the first to comment!

City’s PESO, most outstanding in Zampen The Public Employment Service Office (PESO) under the City Social Welfare and Development (CSWDO) bagged the Most Outstanding City PESO in Zamboanga Peninsula award for [...] Read more


Robbery could be motive behind the killing of businesswoman: Police

07 Dec 2018 Hits:166 Be the first to comment!

The City Police Office has said that robbery could be the prime motive behind the brutal killing of a businesswoman whose body was found inside her room at R.U.A. Pension [...] Read more


Police apprehend husband, one other for mauling alleged wife’s lover

07 Dec 2018 Hits:165 Be the first to comment!

An alleged paramour was beaten by his lover’s husband and another companion at the vicinity of  Pasonanca Barangay Hall, this city, Thursday dawn. The victim was identified Paulino Durong y Toribio, [...] Read more


Gov. Ramos road rehab starts Dec. 11

06 Dec 2018 Hits:142 Be the first to comment!

City Hall has issued Executive Order 428 temporarily designating a section of Gov. Ramos Avenue in barangay San Roque as one way street to give way to the road rehabilitation [...] Read more


Red Cross Gov. Lobregat extends relief assistance to fire victims

06 Dec 2018 Hits:183 Be the first to comment!

Philippine Red Cross (PRC) Governor and Congressman Celso  L. Lobregat has provided necessary relief assistance to the victims of the recent fire incident in Johnston Street, Barangay San Jose Gusu, [...] Read more


Municipal councilor shot dead in Zamboanga del Sur

05 Dec 2018 Hits:161 Be the first to comment!

An incumbent municipal councilor in Zamboanga del Sur (ZDS) province was shot dead by unidentified riding-in-tandem gunmen in Purok 4, Barangay Bobongan in Ramon Magsaysay Municipality on Tuesday noon. The police [...] Read more


Guard loses motorcycle to robbers

19 Nov 2018 Hits:227 Be the first to comment!

A security guard of a telecommunication company was robbed by three suspects wearing bonnets who took his motorcycle at the PLDT tower site in Barangay Mercedes, Zamboanga City on Saturday. According [...] Read more


THANK GOD! It’s FRIDAY!

16 Nov 2018 Hits:188 Be the first to comment!

For the Tetuan Parish, that very common expression means literally just that, for on Friday, November 16, 2018, at 7 in the evening at the Centro Pastoral, the concert UN [...] Read more


Man stabbed in Rio Hondo

16 Nov 2018 Hits:231 Be the first to comment!

A bakery worker was stabbed and wounded by his co-worker in Sitio Hongkong, Barangay Rio Hondo, Zamboanga City on Wednesday night. Police Officer 3 Had-Anuar Edding, investigator-on-case, of Police Station 11 [...] Read more


Three nabbed for illegal drugs

16 Nov 2018 Hits:242 Be the first to comment!

Three persons were arrested when operatives of Police Station 9 seized from them 13 sachets of suspected shabu during a buy-bust operation at Barangay Recodo, Zamboanga City on Thursday dawn. Arrested [...] Read more


DOH 9 conducts training on GI, community-based treatment for PWUDs

15 Nov 2018 Hits:274 Be the first to comment!

The Department of Health Region IX (DOH 9) conducted the Training on General Intervention (GI) and Community-based Treatment Care Services for Person Who Use Drugs (PWUDs) from November 13-15, 2018. With [...] Read more


DENR-EMB 9 conducts SWM plan finalization of ZamPen LGUs

14 Nov 2018 Hits:280 Be the first to comment!

The Department of Environment and Natural Resources-Environmental Management Bureau (DENR-EMB) Region IX is conducting a 10-year Solid Waste Management (SWM) plan update and finalization of 33 local government units (LGUs) [...] Read more


Man accused of child abuse, arrested

13 Nov 2018 Hits:297 Be the first to comment!

Two teenagers filed a complaint for child abuse against a 55-year-old man at Police Station 7 last Sunday. Ellyn, married, a resident of Barangay Pasonanca, Zamboanga City, averred to the police [...] Read more


Brgy Chair nabs pedicab driver carrying shabu

13 Nov 2018 Hits:223 Be the first to comment!

A delivery boy was arrested in a buy-bust operation conducted by elements of Police Station 4 led by Chief Insp. Hazel Fernandez at Barangay Baliwasan, Zamboanga City  on Sunday. Police identified [...] Read more


Navforwem honors fleet-marine troops for rescue of KV Duterte

13 Nov 2018 Hits:311 Be the first to comment!

The Naval Forces Western Mindanao (Navforwem) has honored sailors, marines, Fleet-Marine personnel and navies for the successful rescue of kidnapped victim (KV) Jose Duterte and exceptional feats in the accomplishment [...] Read more


Police searching for armed man for mauling

12 Nov 2018 Hits:217 Be the first to comment!

A resident of Barangay Mampang, Zamboanga City, is now being hunted by personnel of Police Station 6 for mauling and totting his gun at another person on Sunday. Police report shows [...] Read more


Team Climaco condemns misinformation, fake news

09 Nov 2018 Hits:432 Be the first to comment!

Members of the Team Climaco have strongly criticized and condemned misinformation drive allegedly hatched by their political foes and propagandists, who are desperate to destroy the many and outstanding accomplishments [...] Read more


Man hacked by father-in-law

09 Nov 2018 Hits:231 Be the first to comment!

A man was hacked and wounded by his father-in-law at Sibiktol Drive, Barangay Arena Blanco, Zamboanga City, on Wednesday. The victim was identified as Jarrin Jalmaani y Gadong, married and a [...] Read more