PH investments hit over P4-T

PTVPhilippines

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00:00Those better days ahead are in store for the economy. At least 187 investments have been green-lighted by the Board of Investments by way of its one-stop-shop for strategic investments,

00:13capital, financial assets, and resources that will bankroll projects on renewable energy, digital infrastructure, food production, and manufacturing that equate to jobs and investment opportunities for MSMEs, our Floyd Brands reports.

00:31More jobs, affordable food supply, cheaper electricity. These are the expected results of the approved investments under the administration of President Ferdinand R. Marcos, Jr.

00:43The President announced 187 investment projects have been certified by the Bureau of Investments. These projects are worth over P4 trillion pesos and were processed through the one-stop-shop action center for investments.

00:56The investments cover renewable energy, food production, digital infrastructure, and manufacturing. Forty-five of these projects are foreign-owned with investors coming from Denmark, the Netherlands, Singapore, among others.

01:09Six projects are operational. These are all contributing to economic growth and generating hundreds of thousands of jobs.

01:17It is expected that this investment will generate almost P300,000 jobs for our countrymen.

01:27This is not just a job, but an opportunity for a better and more sustainable life.

01:36More investments will also help to lower the price of services and goods due to competition.

01:46This includes better transportation, energy, communication, and new technologies from where they originate.

01:59President Ferdinand R. Marcos, Jr. assured the government will further streamline and accelerate business processes.

02:06A key initiative is Executive Order No. 18, which provides a green lane for investors.

02:11With this measure, business licenses and permits are completely processed within 12 days.

02:17The Create More Law also enhances tax incentives and investments policies for both local and foreign businesses.

02:24The goal is simple, less red tape, more action, more results, more success, more quickly.

02:33We want investments to come in, projects to break ground faster, jobs to reach our people sooner.

02:41Because when businesses move quickly, progress follows just as fast.

02:47The Chief Executive also recognized government agencies and LGUs for their contributions to investment growth.

02:53Institutions that provided efficient services, established green lane, focal points, and acknowledged investors' concerns received citation and recognition.

03:03From PTV Manila, Floyd Brents, Balitang Pambansa.

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