Presidential trips yield $19 B investments - DTI
The Philippine Star|June 25, 2024
A total of $19 billion worth of investments pledged during the foreign trips of President Marcos have already been actualized or have commenced implementation as of June this year, according to the Department of Trade and Industry (DTI).
KEISHA TA-ASAN
Presidential trips yield $19 B investments - DTI

Trade Secretary Alfredo Pascual reported that the actualized investments cover 65 projects, higher than the 46 projects reported as of December 2023.

"There are $19-billion (in investments) already cleared and registered (with investment promotion agencies). These investments are under categories four, five and six," he said in a press briefing yesterday.

Pascual said 12 projects worth $328 million were already in the Stage 6 category of investments, which means they have registered with the IPAS and are operating.

Foreign investments that were categorized in Stage 5 of investment stood at $1.6 billion. A total of 21 projects have already registered with the IPAs and operations will begin soon.

هذه القصة مأخوذة من طبعة June 25, 2024 من The Philippine Star.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة June 25, 2024 من The Philippine Star.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من THE PHILIPPINE STAR مشاهدة الكل
The Philippine Star

NAIA curbside fees possibly in place before holidays - NNIC

The private operator of the Ninoy Aquino International Airport (NAIA) may start imposing fines on overstaying vehicles in terminal curbsides before the holidays to decongest the gateway.

time-read
2 mins  |
October 05, 2024
The Philippine Star

Dito, Smart among best telcos

Dito Telecommunity Corp. has garnered multiple recognitions at the 2024 edition of the Opensignal 5G Global Awards, landing on the same spot as some of the biggest operators in the world.

time-read
1 min  |
October 05, 2024
The Philippine Star

'Phl economy still fastest in Asean in 2024, 2025'

The Philippines is expected to remain among the fastest growing economies in Southeast Asia this year and in 2025, with growth to be driven mainly by government spending and services exports, according to the Association of Southeast Asian Nations Plus 3 Macroeconomic Research Office (AMRO).

time-read
1 min  |
October 05, 2024
The Philippine Star

Vista Land raises P3 B from preferred shares offer

Vista Land & Lifescapes Inc., the listed property developer of the Villar Group, has raised P3 billion in its return to the equities market.

time-read
1 min  |
October 05, 2024
The Philippine Star

AC Health building new facility to boost efficiency

Ayala Healthcare Holdings Inc.(AC Health) is expanding its pharma importation businesses with the construction of a new warehouse at the Cavite Technopark.

time-read
1 min  |
October 05, 2024
The Philippine Star

Coron, Siargao airports up next for PPP

The government has started evaluating the offers made by the Udenna and Gokongwei groups to operate the airports in Coron and Siargao, respectively, signaling that more gateways will be transferred to private hands under the Marcos administration.

time-read
1 min  |
October 05, 2024
The Philippine Star

10 firms gearing up for IPOs next year

Some 10 companies are seen undertaking their initial public offerings (IPO) next year on the back of better market conditions, BDO Capital & Investment Corp.president Eduardo Francisco said.

time-read
1 min  |
October 05, 2024
The Philippine Star

'Power crisis looms without balanced energy mix”

The country needs a balanced approach toward energy transition, as overdependence on a single power source could lead to a dire energy crisis, according to Aboitiz Power Corp.

time-read
1 min  |
October 05, 2024
The Philippine Star

Slower-than-expected Sept inflation buoys stocks

The stock market soared to a new high in more than two years as the country's inflation dropped to over four-year low in September.

time-read
1 min  |
October 05, 2024
Inflation slows to 1.9% in Sept
The Philippine Star

Inflation slows to 1.9% in Sept

Inflation eased further in September to its lowest level in more than four years, driven by the slower increase in food prices, according to the Philippine Statistics Authority (PSA).

time-read
2 mins  |
October 05, 2024