00:00Investments from outside the country have climbed three times over the first quarter of this year as opposed to the same period last year.
00:09Money from abroad poured into the country's economy by way of investments, 66 of them for starters in manufacturing and the business processing and outsourcing sectors,
00:21and whose bottom line is seen to ultimately create 16,000 jobs and generate expert receipts of close to a half a billion dollars that our Harley Valbuena dwells on this report.
00:36The investments approved by the Philippine Economic Zone Authority tripled for the first quarter of the year.
00:42This is amid the effort of President Ferdinand R. Marcos, Jr. in generating investments for the Philippines.
00:48In a data release earlier today, PESA's investment approvals reached 58.94 billion pesos for the first three months of 2025.
00:58This is 294.26% higher than the 14.95 billion pesos in approved investments in the first quarter of last year.
01:08The approved investments include 66 new and expansion projects, majority of which are in the manufacturing and IT BPM sectors.
01:17These are expected to generate around 16,000 jobs for Filipinos, along with $497.46 million in projected exports.
01:27Most of the approved investments are in Metro Manila, Regions 3, 4, and 7.
01:33According to PESA Director General Tereso Panga, the robust flow of investments is a fruit of their firm commitment to promote the country as an investment destination,
01:43complemented by the fiscal incentives under the Create More Law and other perks for investors.
01:50PESA is expecting the influx of more investments as investors from USA, Japan, China, Taiwan, and Spain also express interest to invest in the country's ecozones.
02:03From PTV, Harley Valbena for Balitang Pambansa.
