Author Topic: Investments in first four months 142% higher than last year  (Read 211 times)

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Investments in first four months 142% higher than last year
Davao City (28 June) -- The P1.07 billion in investments poured in Mindanao regions during the first four months period is 142 percent higher compared to the same period last year.

The Mindanao Economic and Development Council (Medco) performance report for the first four months this year noted a significant rise from the P0.44 billion investment during the same period last year.

The total investments were reflective of the performances posted at the Board of Investments (BOI) and the Phividec Industrial Authority (PIA).

The two bodies with approved 12 projects from January to April are expected to generate employment to some 1,094 workers posting an increase of 45 percent from the 754 job opportunities last year.

The equity infusions from foreign investors according to the Medco report reached 50-fold increase to P667 million from P13 million while that of the Filipino investors increased by 11 percent to P406 million from P365 million. (PIA/pdb) [top]

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