Investment pledges from Marcos trips reach P734B, says trade official
DTI Undersecretary Ceferino Rodolfo Jr. on Tuesday, Oct. 17, 2023, holds a press briefing in Malacañang for updates on investment leads and pledges from President Ferdinand Marcos Jr.'s travels. Rodolfo said that investment pledges have reached P734 billion from January to September 2023.
VIDEO BY CATHERINE VALENTE
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DTI Undersecretary Ceferino Rodolfo Jr. on Tuesday, Oct. 17, 2023, holds a press briefing in Malacañang for updates on investment leads and pledges from President Ferdinand Marcos Jr.'s travels. Rodolfo said that investment pledges have reached P734 billion from January to September 2023.
VIDEO BY CATHERINE VALENTE
Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe
Visit our website at https://www.manilatimes.net
Follow us:
Facebook - https://tmt.ph/facebook
Instagram - https://tmt.ph/instagram
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DailyMotion - https://tmt.ph/dailymotion
Subscribe to our Digital Edition - https://tmt.ph/digital
Check out our Podcasts:
Spotify - https://tmt.ph/spotify
Apple Podcasts - https://tmt.ph/applepodcasts
Amazon Music - https://tmt.ph/amazonmusic
Deezer: https://tmt.ph/deezer
Stitcher: https://tmt.ph/stitcher
Tune In: https://tmt.ph/tunein
#TheManilaTimes
#tmtnews
#pbbm
#bongbongmarcos
#investments
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NewsTranscript
00:00 ... kagagaliw po natin sa isang pagpupulong sa ating presidente. Binigay mo natin siyang update tungkol sa investment needs and pledges that resulted from the presidential visits...
00:14 ... lagi yung natin ginagawa ito with the President. Si President Marcos Jr. ay very meticulous in terms of really looking at the results of the presidential visits. Guna sa ating binigay sa kanyang update, natutuwa ako tayo at nasabi natin sa kanya...
00:32 ... kanyang presidential visits have been resulting to actual investment registrations and approvals sa ating investment promotion agencies. Ako po ay galing sa Board of Investments, about 80% ng total FDI registration, total investment registration sa Pilipinas ay dumagaan sa DOI...
00:56 ... at least nahaw tayo binagid sa ating mahalang Pangulo na from Jan-S of this year, ang investment approvals ng DOI ay umaabot sa P734B. Kung kukumpara ito noong Jan-S of 2022, umaabot lang tayo noong P362B or an increase of 102%.
01:24 Ang ganda rin dito ay hindi lang ang actual investment amount pero ang composition. Mayikita natin ang composition ng investments natin. Malaki na rin yung foreign investments kasi sa DOI we approve both foreign and local investments.
01:42 Typically in the past, ang ating local investments sa DOI, about 80% of the total investment amount approved by DOI. Pero ngayon nakikita natin 60% ang foreign, so naging 20% na lang ang local. So hindi lang tumakas yung investment approvals, mas dumami pa yung foreign component of the approvals.
02:05 Kung titignan natin yung foreign component ko mismo, ang total approved registrations sa DOI ay umaabot ng P427B. Kung kukumpara nyo ko yun sa same period of last year, it's actually a 4,150% increase.
02:30 Kung titignan natin saan ba talaga may direct impact yung presidential decision. It's actually in the foreign investments portion of the approvals of the DOI.
02:41 Thanks.
02:48 [Sound effect]