Foreign investment pledges surge 249%
"In a statement issued Friday, the Board of Investments (BoI) said Thailand ranked highest among the Philippines’ top investors for February with investments amounting to P2.2 billion, followed by Japan with pledges amounting to P703 million and different nationalities including Taiwanese and Americans with a combined P182 million.
"“Our February figures show more jobs for every peso of investments. The projects are expected to generate 3,250 jobs once operational, an increase of 24 percent compared to 2,335 projected jobs for February 2011 approvals,” said Adrian Cristobal Jr., trade undersecretary and BoI managing head.
"Key investment projects approved were the aqua feed production project in Bataan of Thailand’s Charoen Pokphand Foods Phils. Corp. (CP Foods); Toyota Motor Philippines’s production of the Vios model at its Laguna plant; Quadriver Energy Corp.’s hydroelectric power-generation project in Bohol; the Zanorte palm-rubber plantation in Zamboanga; and Pueblo de Oro Development Corp.’s venture in Batangas."
PLAIN Solutions Advocate
- SUI GENERIS
- The Hague, Netherlands
- PB Payoyo LL.M., Ph.D. [Member, The Philippines-Netherlands Business Council, The Hague; Country Expert, Royal Tropical Institute, Intercultural Professionals (KIT IMC Bv), Amsterdam]
