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CEBUANO EWS: PAMUHUNAN SA REHIYON 10 MIABOT SA P1.82 BILYON SA 4Q SA 2012 – NEDA
Sunday 5th of May 2013
CAGAYAN DE ORO CITY, Mayo 5 (PIA) -- Ang buhatan sa Department of Trade and Industry (DTI) sa rehiyon 10 nakarehistro ug P1.82 bilyon nga mga bag’ong puhunan alang sa ika upat ka kwarter sa tuig 2012.
Gibutyag ni Engineer Cecilio Y. Clarete, chief economist development specialist sa National Economic and Development Authority (NEDA) sa usa ka media forum nga 36.20 ka pursento o P659.48 milyon aning bag-ong puhunan niadto sa Bukidnon.
Gisundan kini sa Misamis Occidental nga adunay bahin nga 25.61 pursento o P466.59 milyon ug sa Lanao del Norte nga adunay 18.68 ka pursento o P340.27 milyon.
Ang Misamis Oriental adunay bahin nga 11.61 ka ...
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11Apr2013MAMBUSAO, Capiz, April 11 (PIA) -- President Benigno S. Aquino III said the first-ever investment grade credit rating given by Fitch will augur well for the economic development of the country. With the investment grade rating, Aquino said at a meeting with local leaders and the community in Mambusao, Capiz, April 10, that it will now be easier for the Philippines to obtain investment loans and at relatively low interest rates from foreign creditors. This means further, according to the Pre...
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09Apr2013CAGAYAN DE ORO CITY, April 9 (PIA) -- The National Economic and Development Authority (NEDA) Regional Office 10 will hold a mid-term assessment, updating and revalidation of the Regional Development Plan (RDP) and the Regional Development Investment Program (RDIP) on April 16. "It is almost three years since we implemented the RDP and RDIP, hence, it is imperative that we refer back to these documents and assess the agencies/local government units/ and institutions performance in terms of its c...
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05Apr2013DASMARIÑAS CITY, Cavite, April 5 (PIA) -- President Benigno S. Aquino III said infrastructure projects will soon be completed to further expand the tourism potentials and investment opportunities in the province. The President made the assurance yesterday in his speech before thousands of Caviteños during his meeting with the local leaders and the community at the football field of Dasmariñas National High School in Barangay Burol, Area B. The audience met with applause the President's anno...
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04Apr2013MANILA, Abril 4 (PIA6) -- Ang pahunan nga halin sa luwas nga narehistro para sa 2012 naglampas sa nagligad nga libel sang P258.2 bilyones nga nagtaas sang 12 ka porsyento nga naglab-ot sa PhP 289.1 bilyones sang mga ginpromesa nga pahunan. Subong man ang na-aprobahan nga pahunan sa luwas para sa ikaapat nga hugnat sang 2012 amo ang pinakataas halin sang 1996. Sa ikaapat nga hugnat sang 2012 nga na-aprobahan nga pahunan sang pito sa mga nagatulod sang mga pahunan nga amo ang Board of Investmen...
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26Mar2013MANILA, March 26 (PIA) -- Foreign direct investments (FDI) in 2012 rose to US$2 billion, higher by 9.8 percent than the previous year’s level of US$1.9 billion, the Bangko Sentral ng Pilipinas said. The country continued to benefit from strong foreign investors’ confidence in the resilience of the domestic economy, with a strong economic growth amid low and stable inflation, as well as a strong external payments dynamics, it said. By FDI component, net equity capital placements—which ...
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21Mar2013KALIBO, Aklan, March 21 (PIA) -- An Investment Conference (ICON) will be held in the province of Aklan on April 26 to send the signal that Aklan is now ready for investment. The activity, which will be spearheaded by the Department of Trade and Industry (DTI), is the first of its kind to be held in Aklan and in Region 6, according to Provincial Director Engr. Diosdado P. Cadena, Jr. Cadena added that the activity was strongly pushed by DTI Undersecretary Merly Cruz, who sees Boracay Island...
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16Mar2013SIBALOM, Antique, March 16 (PIA6) -- The improved peace and security condition in the province of Antique paved the declaration of the whole province as a manageable conflict-affected and development/investment-ready province. The declaration was solidified on March 15 when MGen Jose Z. Mabanta Jr., Division Commander of the Philippine Army’s 3rd Infantry Division, and Governor Exequiel B. Javier signed the manifesto to support the declaration and to continue working collectively to ensure t...
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27Feb2013KORONADAL CITY, South Cotabato, Feb. 27 (PIA) -- Soccksargen’s Regional Development Council (RDC-12) has recently endorsed P32.3 billion worth of priority programs and projects for implementation in 2014. RDC 12 chair and General Santos City Mayor Darlene Antonino-Custodio said these programs and projects were gathered from investment plans proposed by 41 regional line agencies, five state colleges and universities and three government-owned and c...
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21Feb2013ANTIPOLO CITY, Rizal, Feb. 21 (PIA) -- Seventy one participants attended the half-day investment opportunity forum on pangasius organized by Department of Trade and Industry-Rizal Provincial Office in coordination with the Bureau of Fisheries and Aquatic Resources-National Inland Fisheries Technology Center (BFAR-NIFTC), local government of Rizal, Pangasius Industry Association of Rizal (PIAR), and Vitarich Corporation onFebruary 15 at the Rizal Provincial Capitol. This Forum called, “From F...
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19Feb2013ANTIPOLO CITY, Rizal, Feb. 19 (PIA) -- Local farmers, Municipal Agriculture Officers, and businessmen of Rizal province recently attended Department of Trade and Industry (DTI)-Rizal’s Investment Opportunity Forum on the fish called pangasius Antipolo City. Romy Pol of the Bureau of Fisheries and Aquatic Resources – National Inland Fisheries Training Center briefed the attendees on the characteristics and history of pangasius. According to Pol, pangasius comes from the family of the catf...
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19Feb2013KALIBO, Aklan, Feb. 19 (PIA) -- The investment climate in Aklan is alive and vibrant, perfect for more opportunities and livelihood. Aklan Governor Carlito Marquez said one proof of Aklan’s economic gains is the 2012 collections of the Bureau of Internal Revenue (BIR) here, which reached P1.14 billion. “Compared to 2011, collections rose by P369 million,” Marquez said during his recent State of the Province Address (SOPA) at the Sangguniang Panlalawigan session ha...
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14Feb2013DAVAO CITY, Feb. 14 -- The investment promotion and financing facilitation initiatives of the Department of Trade and Industry (DTI) in Davao Region bolstered its investment generation in 2012. The preliminary annual report of the agency revealed that these interventions pushed the investments to hit P9.455 billion, 13 percent higher than its annual target of P8.4 billion. The financing facilitation services rendered by DTI-Davao Region brought in P43.826 million investments, generated through...
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25Jan2013KORONADAL CITY South Cotabato, Jan. 25 (PIA) -- Nakabaton ang lima ka mga probinsiya sang Autonomous Region in Muslim Mindanao (ARMM) sang daku nga pondo npara sa mga socio-economic program para sang mga imol nga mangunguma kag mangingisda, nga ginpasalig ni Presidente Benigno Aquino III sa katawhan. Sa kada probinsiya sang ARMM nakabaton sang una nga bahin nga mga P10 milyon halin sa Transition Support Investment Plan (TISP) para sa mga buluhaton sa lokal nga mga pangisda kag sa panguma. ...
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21Jan2013ILOILO CITY, Jan. 21 (PIA6) -- Just the right ingredients are what it takes for Iloilo to be recipient of upbeat, increasing investments. Department of Tourism Regional Director Helen Catalbas said there are a number of factors that make Iloilo now the city to watch. She said Iloilo has been observed to get more than enough number of people flocking to the city and province, next to Boracay in Aklan. “Tourists and visitors go to Boracay but they usually drop by Iloilo where they s...
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17Jan2013BALANGA CITY, Bataan, Jan 17 (PIA) -- The chief of the Authority of the Freeport Area of Bataan (AFAB) has shared to industry leaders in Turkey the superior facilities of the freeport including a 10.9 million cubic meter-capacity dam during the recent Turkiye-World Trade Bridge in Istanbul. Foreign locators in the 1,691-hectare industrial complex in Mariveles town enjoy business advantages that include tax incentives, natural endowments, and excellent leadership, said AFAB Chairman Deogracias C...
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17Jan2013ILIGAN CITY, Jan 17 -- Two big businesses in Iligan were recipients of Certificates of Recognition that entitles them to avail of investments incentives from the local government. These are Pilmico Foods Corp and Madelicious Foods Corp which are exempted from paying real property tax and business tax on gross sales/receipts for three years starting 2013. This is mandated in City Ordinance No. 4924 series of 2006 also known as the Revised Investment Code of the City of Iligan. This is the ordin...
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16Jan2013KORONADAL CITY, South Cotabato, Jan 16 (PIA) -- Over P800 million worth of investments are expected to be poured in the Autonomous Region in Muslim Mindanao (ARMM) this year. Jun Macalawan of the Regional Board of Investment said that a big chunk of these is the continuing investment of the Dilinanas Development Corporation (DDC) that amounts to P569 million. DDC, a subsidiary of Del Monte Philippines, plans to establish a 1,300-hectare banana estate in Maguin...
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15Jan2013MANILA, Jan 15 (PIA) -- Foreign direct investments (FDI) for the first ten months of 2012 recorded net inflows of US$1.1 billion, higher by 32.6 percent than the US$853 million posted in the comparable period in 2011. In a statement, the BSP said its statistics on FDI covers actual investment inflows. Net inflows of equity capital—which increased by more than seven-fold to reach US$1.2 billion from US$170 million posted in the comparable period in the previous year—accounted for the b...
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15Jan2013TRECE MARTIRES CITY, Cavite, Jan. 15 (PIA) -- The Securities and Exchange Commission (SEC) recently issued an alert regarding an investment scam operating in the City of Imus. In a statement released by SEC, they said they received information that a group of persons, company or firm operating in the city is offering investment opportunities to the public with a substantial income in return for a capital investment ranging from P3,000 to P1,200,000. City Public Information Officer Ely Taparan...
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04Jan2013ALABEL, Sarangani, Jan. 4 (PIA) -- To forge a more business-friendly atmosphere, the provincial government of Sarangani is offering a full tax exemption to businessmen who would be putting up new investments in the area. This, the province promises to fulfill in order to enhance the local government’s “competitiveness” in the business side as it recently launched its Revised Investment Code. The code, which was crafted in early 2000, has gone through a series of amendments to hone its ...
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27Dec2012CAGAYAN DE ORO CITY, Dec. 27 (PIA) -- The province of Misamis Oriental recorded the highest growth rate in terms of investments among the provinces in Northern Mindanao during the third quarter of 2012. Report from the Department of Trade and Industry (DTI) in the region shows that investments worth P375.69 million were poured in the province during the quarter, up by 109 percent from the P179.46 million posted in the same quarter in 2011. Bulk of the investments in the province were classifi...
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14Dec2012CAGAYAN DE ORO CITY, Dec. 14 (PIA) --- The Regional Development Council (RDC) – Region 10 has asked the management of Philippine AirLines (PAL) to continue its operation in Northern Mindanao. The RDC-10 Executive Committee passed a resolution during its October meeting requesting PAL management to sustain its operation in the region, the National Economic and Development Authority (NEDA) revealed in a media forum held Thursday at the RDC-10 building. NEDA-10 said the same request was reitera...
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26Nov2012MARAWI CITY, Lanao del Sur, Nov. 26 (PIA) -- Acting Governor Mujiv Hataman of Autonomous Region in Muslim Mindanao (ARMM) is proud of the various reforms his administration has initiated to push the region forward. During the opening ceremony of the ARMM Investment Forum on November 24, the governor boasted of the pockets of reform his administration had instituted which, according to him, are now being felt on the ground. “In our first 100 days, we focused all efforts on good housekeeping -...
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21Nov2012By Gideon Gapayao ANTIPOLO CITY, Rizal, November 21-- The Investment Summit, spearheaded by the Antipolo City Economic Enterprise Office (CEEO) headed by Amalia Engalla and other departments and program offices and Mayor Nilo Leyble encouraged local and multinational investors to come, invest, and grow with Antipolo during the Investment Summit 2012. About 303 delegates from the business sector, cooperatives, NGOs, barangays and other national agencies participated in the recently concluded A...
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18Nov2012CEBU CITY, Nov. 18 (PIA) -- The Department of Trade and Industry (DTI-7) and the Board of Investments (BOI) are set to conduct an Investments Roadshow on November 22 from 8:30 am to 2 p.m. at the Crown Regency Hotel and Towers, Cebu City. This activity is intended to provide venue for presentation of the just approved 2012 Investment Priorities Plan (IPP). A DTI-7 statement said the roadshow serves as feedback session to guide government’s further assistance to the existing measures and to ...
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17Nov2012MANILA, Nov 18 (PIA) -- Mibahad ang Department of Education sa publiko ilabi na ang mga ilang mga magtutudlo ug empleyado kabahin sa mga awhag nga dagko ug kita nga mga pamuhunan tungod kay pangilad lamang kini. Si Education Secretary Armin A. Luistro miingon nga adunay mga institusyon sa pautang o organisasyon nga nagdani ug pamuhunan gikan sa publiko diin kini mobalik nga adunay dakong ganansiya. Ang mga awhag sa pamuhunan nga adunay dakong ganansiya kumpara sa kasagaran nga kitaon dali...
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15Nov2012MARAWI CITY, Lanao del Sur, Nov. 15 (PIA) -- A training fund of P11.70 million under the Autonomous Region in Muslim Mindanao (ARMM) stimulus package has been allotted for the province to finance the technical-vocational education and training of 1,619 beneficiaries. Technical Education and Skills Development Authority (TESDA) Provincial Director Tarhata S. Mapandi said it has started implementing the scholarship training programs which is part of the Transition Investment Support Plan (TISP)...
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13Nov2012NABUNTURAN, Compostela Valley, Nov. 13 -- A consultation-dialogue was held on the proposed CY 2014 Annual Investment Program (AIP) of different agencies and stakeholders to align the efforts with the directions of the current administration and ensuring that the directives of the national government have been complied with. The Provincial Development Council chaired by Gov. Arturo Uy has spearheaded a special meeting for such purpose last November 6 at the capitol with the Regional Development ...
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07Nov2012DAVAO CITY Nov. 7 (PIA)- The signing of the Framework Agreement between the Philippine Government and the Moro Islamic Liberation Front last October 15 will be of big help to the upbeat enthusiasm of businessmen in the coming Davao Investment Conference (iCon) 2012. Sebastian Angliongto Mindanao iCon Chairman said that the framework agreement will be of big help in erasing the negative perceptions about the region. He said that Davao particularly in the past 15-20 years has not been in the news...
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18Oct2012TAGUM CITY, Oct. 18 --The Micro, Small and Medium Enterprises still play a vital role in generating investments in the country in Davao del Norte where 44 percent of the total investments generated from July to September this year was contributed by newly-registered MSMEs. “Up to P101.765 million of the P233.35 million total investments generated during the third quarter of 2012 was contributed by the MSME sector,” Department of Trade and industry Davao del Norte Field Office acting provinc...
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16Oct2012CAGAYAN DE ORO CITY, Oct. 16 (PIA) -- The Bureau of Treasury (BTr) in Northern Mindanao will be conducting a general investors’ briefing on October 17 at the Mallberry Suites Business Hotel, here. The briefing aims to update prospect investors, government eligible dealers and heads of the various government agencies on the public offering of 25-year retail treasury bonds (RTBs) scheduled October 9-22. The public can subscribe to the RTBs through the selling agents during this designated per...
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11Oct2012PUERTO PRINCESA CITY, Palawan, Oct 11 (PIA) -- The city government is spearheading the Puerto Princesa City Investment Forum on October 18 in a bid to boost trade, commerce and investment in this city. The city government is working in partnership with University of Asia and the Pacific’s Center for Research and Communication headed by Dr. Bernardo Villegas, its research director . The forum will bring together several business leaders and heads of departments of the city government to exch...
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27Sep2012VALENZUELA CITY , Sept 27 (PIA) -- Officials of local government units (LGU) of Cagayan De Oro, Batangas, and Iloilo, recipient LGUs for the implementation of a project of USAID, have visited Valenzuela City on different occasions to study the city’s investment promotion and economic development programs. In a statement, the two-year Investment Enabling Environment (Invest)-USAID project envisions developing model cities that can inspire other local government units to seek higher levels of e...
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24Sep2012CAGAYAN DE ORO CITY, Sept 24 (PIA) -- The Board of Investments (BOI) is encouraging more investments, particularly in the manufacturing sector. This was disclosed by BOI Governor Oliver B. Butalid in a media conference following the 2012 Investment Roadshow held here, last week. For many years, we have not given as much emphasis in the manufacturing sector and now we are playing catch-up, he said. Butalid noted that most of the investments in the country now are in the services sector. He sa...
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23Sep2012CAGAYAN DE ORO CITY, Sept. 23 (PIA) --- The Board of Investments (BOI) disclosed the priority areas of investments as indicated in the approved 2012 Investments Priority Plan (IPP) during an investment roadshow held recently, here. BOI Governor Oliver B. Butalid revealed that the development and operation of primary, secondary, and tertiary hospitals is one of the newest sectors covered under the 2012 IPP preferred areas of investments. It’s the first time that we are opening up this catego...
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21Sep2012CAGAYAN DE ORO CITY, Sept 21 (PIA) -- The Board of Investments (BOI) is taking a step to simplify and improve the procedures in investment registration. "The BOI has taken a paradigm shift in terms of its registration process from being very strict into easy and simple," said BOI Governor Oliver B. Butalid in an investment roadshow held in the city today. He said the BOI will no longer require the applicant to submit detailed five-year financial projections. According to Butalid, the applica...
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21Sep2012CAGAYAN DE ORO CITY, Sept 21 (PIA) -- An investment roadshow arrived here yesterday to promote the approved 2012 Investments Priority Plan (IPP) in Northern Mindanao. With the theme “A New Day for Investments: Coherent, Consistent and Creative,” the 2012 IPP roadshow was spearheaded by the Board of Investments (BOI), an attached agency of the Department of Trade and Industry responsible for the promotion of investments in the country. According to the BOI, the investment roadshow is conduc...
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19Sep2012CAGAYAN DE ORO CITY, Sept. 19 (PIA) --- The Board of Investments (BOI) will be unveiling the 2012 investments priorities in a roadshow here in the city to attract more investors. The 2012 Investments Priority Plan (IPP) roadshow, which aims to effectively promote the IPP in the countryside, will take its sixth stop in N Hotel tomorrow, September 20. The salient features of the recently approved 2012 IPP will be presented during the roadshow, said Lourdes Ellen Kionisala, officer-in-charge of t...
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14Sep2012DAVAO CITY, Sept. 14 (PIA) -- Hospitals and medical facilities, and iron and steel products have been listed as part of the 13 preferred areas in the 2012 Investment Priorities Plan, to be eligible for incentives. The establishment and operation of primary and secondary hospitals and the development of iron and steel businesses are two additional features in this year’s IPP which was presented in a roadshow activity today at the Apo View Hotel, this city. BOI Governor Oliver Butalid said co...
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14Sep2012DAVAO CITY, Sept. 14 -- An official of the Board of Investments (BOI) has emphasized the importance of five-point strategy in order to corner more investments. Luna Gracia P. Ahmad, BOI-Head Office’s Senior Investment Specialist, said an effective promotional strategy must consider five major activities, which include the establishment of an Investments Promotion Center (IPC), passage of Local Investment Incentive Code (LIIC), creation of a Speakers’ Bureau, tag line, and promo collaterals...
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10Sep2012DAVAO CITY, Sept. 10 (PIA)-- The Board of Investments (BOI) is set to kick-off its 2012 Investment Priorities Plan (IPP) Roadshow in the city on Thursday (Sept. 13), packaged to encourage stakeholders. In a press statement, BOI said the roadshow embarks on a revamped approach this year, as an opportunity to rally other key partners and agencies to be an integral part of IPP. “It is our way of conducting a personalized and harmonized interaction with our stakeholders in light of the usual ...
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08Sep2012CAGAYAN DE ORO CITY, Sept 8 (PIA) -- A total of P9.81 billion was invested in Northern Mindanao for the second quarter of this year as monitored by the Department of Trade and Industry (DTI). The amount is higher by 138 percent, compared to the P4.12 billion investments poured in the region in the same period last year. Reports from the DTI Regional Office 10 show that investment surges in the provinces of Misamis Oriental, Bukidnon, and Misamis Occidental pulled the overall performance of the...
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30Aug2012BUTUAN CITY, August 30 (PIA) -- The Department of Trade and Industry (DTI)-Caraga in cooperation with the Board of Investments (BOI) will conduct an orientation seminar on the 2012 Investment Priorities Plan on September 5 at Almont Hotel’s Inland Resort, this city. In a statement, DTI-Caraga Regional Director Brielgo Pagaran said the activity aims to create awareness on the major opportunities highlighted in the 2012 Investment Priorities Plan and inform the public of the support the nationa...
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23Aug2012CAGAYAN DE ORO CITY, Misamis Oriental, Aug 23 (PIA) -- The Economic Development Committee urged for the Regional Development Council’s (RDC) support in publicizing the 2012 Investment Priorities Plan (IPP), particularly to potential investors. In a resolution endorsed to RDC, they cited the need for an active dissemination of the 2012 IPP in order to grab the interest of investors to locate their businesses in the region. This year’s IPP restored iron and steel among the priorities, coveri...
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04Aug2012BUTUAN CITY, Aug 4 (PIA) -- Japanese investors will pour in more investments in the country, especially in Mindanao, in support of the Philippine government’s public-private-partnership (PPP) program. This was learned during the second day of the 21st Mindanao Business Conference held at the Almont Hotel’s Inland Resort here. The said business conference runs from August 2 to 4, 2012, with invited business leaders from the Philippines and other countries. “We found Mindanao rich in agri...
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03Aug2012GENERAL SANTOS CITY, August 3 (PIA) -- The city government has proposed five priority investment areas to private sectors here, which they could develop and operate under the public-private partnership (PPP) scheme. Meriam Buguis, department head of the City Economic Management and Cooperative Development Office (CEMCDO), presented the proposed investment areas at an investment forum on public-private partnership held here. Buguis expressed confidence that development of the sites would push l...
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10Jul2012PAGADIAN CITY, July 10 -- The Department of Trade and Industry (DTI) provincial office has warned against business scams proliferating in the city. Provincial Director Ma. Socorro M. Atay said DTI-ZDS advises the public to beware of scams such as pyramid scams, sales scams, text scams and other similar modus operandi. Scammers are very convincing that one gets carried away with their glib talk. Here are some lines that one should watch out for: 1. “ Your profit is guaranteed.” 2. “ It...
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04Jul2012KORONADAL CITY, July 4 (PIA) -- Eleven government agencies in the Autonomous Region in Muslim Mindanao (ARMM) received over P8 billion for the implementation of projects under the Transition Investment Support Plan (TISP). ARMM Acting Regional Governor Mujiv Hataman said these funds are for the implementation of projects as part of the reform program of the Aquino administration in the said region. “Concerned government agencies and the budget from TISP will be made public in spirit of tran...
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04Jul2012ISABELA CITY, Basilan, July 04 (PIA) -- The regional Board of Investments of the Autonomous Region in Muslim Mindanao (RBOI-ARMM) conducted last week a seminar dubbed Networking on Investments for Local Executives (NILE) in Tawi-Tawi. In a press statement, Provincial Information Officer Abdel Nasser Tahang said the seminar will pave the way for the drafting Local Investment and Incentive Code for the local government units. Tawi-Tawi Governor Sadikul Sahali said the NILE seminar-workshop “w...
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22Jun2012MANILA, June 22 -- The Bangko Sentral ng Pilipinas (BSP) said portfolio investment transactions for the month of May yielded net inflows of US$106 million. In a statement posted on the BSP website, it said however, that the figure was 68.1 percent lower than the US$333 million recorded a month ago. In addition, registered investments were almost at the same level as April at US$1.5 billion due largely to several initial public offerings by Bloomberry Resorts Corporation, Rockwell Land Corpora...
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21Jun2012DAVAO CITY, June 21 (PIA) -- President Benigno S. Aquino III vowed to investigate delays in the implementation of the P8.9 billion Autonomous Region in Muslim Mindanao (ARMM)Transition Investment Plan. Addressing delegates to the ARMM Convention on Local Governance in Davao City yesterday, President Aquino expressed regret that he could not report on the Plan’s accomplishments as most projects have not yet started or are still ongoing. Among the delayed projects is a P200 million rural elect...
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19Jun2012TACLOBAN CITY, Leyte, June 19 (PIA) -- After the successful implementation of the Inventory System on Agriculture and Fishery Investment (ISAFI) project in the four provinces of Region 8 - Leyte, Biliran, Southern Leyte, and Eastern Samar - the Department of Agriculture-8 (DA-8) now sets its eyes on the two remaining provinces in Eastern Visayas. “Expanding the project to Northern Samar and Samar will mean covering the entire region,” Regional Technical Director (RTD) Wilson A. Cerbito, the...
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19Jun2012CAGAYAN DE ORO CITY, June 19 (PIA) -- The Department of Trade and Industry (DTI) have monitored a total of P1.06-billion new investments in Northern Mindanao for the first quarter of 2012. This amount is higher by 41 percent compared to the P755.27-million worth of investments that poured in the region during the same period last year, said Engr. Cecilio Y. Clarete, Chief Economic Development Specialist of the National Economic Development Authority Regional Office 10. Except for Lanao del Nor...
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11Jun2012MANILA, Hunyo 11 (PIA) -- Si Presidente Benigno Aquino III mipahibalo sayo sa buntag karong adlawa, Hunyo 10, nga iyang nabitbit ang $2.5 bilyon nga bili sa investment pledges gikan sa mga negosyante nga iyang gikahinagbo sa iyang tibuok semana nga biyahe sa United Kingdom ug United States sa miaging semana. Gihimo sa Presidente ang anunsiyo sa iyang pag-abot sa Ninoy Aquino International Airport sa Pasay City Domingo sa buntag. Matud niya nga katunga sa total investment pledges nagagikan sa R...
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05Jun2012SURIGAO DEL NORTE, June 5 (PIA) – The office of the National Economic Development Authority (NEDA) has finally submitted the Area Development Plan (ADP) of Siargao Island worth P610 million for approval to the office of President Benigno S. Aquino III. NEDA-13 Regional Director Carmencita Cochingco confirmed this to Governor Sol Matugas during a meeting held recently at the Governor’s Office, Provincial Capitol, Surigao City. The ADP of Siargao Island was formulated with technical and fin...
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31May2012DAGUPAN CITY, May 31 (PIA) -- The United Nations Industrial Development Organization (UNIDO) on Monday led a forum at the University of Luzon here for developing and tapping possible local small and medium enterprise (SME) ventures. Discussed during the forum was the proposed Entrepreneurship Development Center (EDC), which will be established in the university. The UNIDO will help create the center through the Arab Regional Center for Entrepreneurship and Investment Training (ARCEIT) based on...
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30May2012OROQUIETA CITY, Misamis Occidental, May 30 (PIA) -- A total of Php111.39 million have been alloted by the Provincial Government of Misamis Occidental (PGMO) for its Annual Investment Plan, this year. Of this amount, Pph107.89 million or 97 percent is allotted for economic services and Php3.5 million or 3.0 percent, for social services. Identified in the 20% Development Fund, the programs of the AIP are designed to decrease the poverty incidence and increase productivity, create job...
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24May2012PAGADIAN CITY, Zamboanga del Sur, May 24 (PIA) -- The Department of the Interior and Local Government (DILG) has gathered 65 civil society organization (CSO) representatives from all over Autonomous Region in Muslim Mindanao (ARMM) for the Regional Stakeholders Consultation held at Ocean View Hotel in Pagadian on May 22 to 23. The consultation aims to increase awareness of key stakeholders, particularly CSOs, on the ARMM Roadmap and Transition Support Plan, generate consensus from CSOs on their...
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24May2012DAVAO CITY May 23 (PIA) -- The Davao Region (Region XI) registered P3.6 billion worth of investments in the first quarter of 2012. Department of Trade and Industry-XI regional director Marizon Loreto said that the investments accounted for about 43% of the 2012 investment target of P8.4 billion. If the amount of investments were sustained in the next three quarters it could surpass the 2011 investment figure for the Davao Region (Region XI) which registered P10.9 billion, she added. Much of ...
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19May2012MANILA, May 19 (PIA) -- Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco, Jr. has announced that transactions in foreign portfolio investments in April surged to $333 million. In a press release, Tetangco said that the total investments amounted to more than twice the $158 million net inflows in March. On a year-on-year basis, however, the net inflow was down by 50 percent from the $674 million recorded in 2011. Registered investments for the month also rose to $1.5 billion fr...
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18May2012CABARROUIS, Quirino, May 18 (PIA) -- The province’s 2012 Annual Investment Plan (AIP) to be funded under the 20 percent development fund in the amount of P90,397, 497 has been approved by the Sangguniang Panlalawigan members in their session last week. From the P94,917,372 AIP last year, it was reduced to P90,397, 497, since some of the needs that were identified by the Provincial Development Council (PDC) the time the plan was conceived were already addressed by funds provided by the nation...
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14May2012BACOLOD CITY, May 14 (PIA6) - - In line with the thrust of the Department of Tourism in promoting tourism investments in the country, the Bacolod City Tourism Office is updating its data bank on property information of property owners in the city. The tourism office is inviting property owners to visit the office at the ground floor of the Bacolod City Government Center to fill in or get a copy of the Property Information Questionnaire. Information obtained from the said questionnaires ...
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14May2012BALIANGAO, Misamis Occidental, May 14 (PIA) -- Around P7.06 million has been alloted for the implementation of 20 projects under the 2012 Annual Investment Plan (AIP) of the local government unit (LGU) here. Of this amount, P6.85 million or 97.03 percent has been programmed for maintenance operations and other expenses while P210,000 or 3.07 percent has been programmed for capital outlay. About P3.95 million or 55.98 percent has been programmed for projects on social development, P2.86 millio...
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10May2012OZAMIZ CITY, Misamis Occidental, May 10 (PIA) -- A total paid-up capital of P734.74 million from 333 firms have been registered by the Securities and Exchange Commission (SEC), Region 10 last year. This amount of paid-up capital was actually higher by P534.74 million or 284 percent compared to P191.54 million, and higher by seven firms or 2.5 percent compared to 326 firms during the previous year, Atty. Renato V. Egypto, Regional Director, SEC-10, said. About 314 of these firms or 94.29 percen...
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07May2012OROQUIETA CITY, Misamis Occidental, May 7 (PIA) -- A total investment of P1.14 billion, mostly on services, had been monitored by the Department of Trade and Industry (DTI) in Misamis Occidental last year. These investments were actually higher by 18.05 percent compared to the P965.32 million of investments in the province, during the previous year, Regional Director Linda O. Boniao of DTI-Region 10, said. In terms of share in the total regional investments, however, Misamis Occidental contrib...
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05May2012CAGAYAN DE ORO CITY, May 5 (PIA) -- The Cagayan de Oro-INVEST Project Management Committee and Technical Working Group (TWG) convened on May 3 for a coordination meeting. This is in relation to the city’s having been chosen as one of the three pilot cities in the country for the United States Agency for International Development (USAID) project. Councilor Juan Sia, chair of the City Council committee on commerce and trade, concerned department heads and employees are members of the Invest Pr...
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03May2012OZAMIZ CITY, Misamis Occidental, May 3 (PIA) -- A total investment of P3.10 billion in Northern Mindanao was monitored by the Department of Trade and Industry (DTI), Region 10, during the last quarter of 2011. This amount actually represents a 2.85-percent growth compared to P3.02 billion in the same period of the previous year, Director Linda O. Boniao of DTI-10 said. By sector, the highest investment of P1.58 billion or 51.01 percent came from infrastructure and services, followed by servic...
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25Apr2012CAGAYAN DE ORO CITY, Misamis Oriental, April 25 (PIA) -- The Bureau of Fisheries and Aquatic Resources (BFAR) 10, in collaboration with the local government unit (LGU) of Lopez Jaena, will conduct an investment forum on April 26 at Rhovic’s Place Hotel and Restaurant, Oroquieta City, Misamis Occidental. This activity is in line with government’s goal of developing new areas for aquaculture (rearing of fish in an enclosure in a water environment) to increase fish productivity and consequen...
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24Apr2012Foreign portfolio investments rebound in March MANILA, April 21 (PIA) -- Transactions in foreign portfolio investments during March yielded net inflows of US$158 million, reflecting a turnaround from the US$305 million net outflows in February, the Bangko Sentral ng Pilipinas (BSP) said. The BSP said that Peso Government securities and PSE-listed shares netted foreign exchange (FX) inflows (US$189 million and US$110 million, respectively), while money market instruments resulted in net outf...
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22Apr2012CLARK FREEPORT, Pampanga, April 22 (PIA) -- Clark Development Corporation has accumulated more than P43 million investments from the six firms that signed lease agreements with the state-owned firm for month of February. In the business updates of the CDC, close to 100 workers are expected to be hired by the six firms in the first year of their operations inside this Freeport zone. Among the investments signed last February were Pax Americana Food and Leisure Corporation with P30 million commi...
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22Apr2012CLARK FREEPORT, Pmpanga, April 22 (PIA) -- Export volume inside this Freeport continues to be attractive as top exports show increase in number compared to the same period in January and February last year. In the business updates from the Clark Development Corporation's (CDC) Marketing Department, the export volume in the first two months this year have already reached more than $594.2 million. In the business update presented to Clark Development Corporation Chair and Officer-in-Charge Eduar...
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16Apr2012Vibrant commercial and industrial activities inside the Clark Freeport has steadily changed Central Luzon’s economic landscape following a surge in investments, exports and employment generation since its inception in 1993. In celebration of its 19th anniversary last April 13, we look back at its colossal makeover from a United States military installation into a bustling Freeport by highlighting achievements that had created a positive impression on both the local and national economy. Unpr...
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15Apr2012MANILA, April 15 (PIA) -- Foreign direct investments (FDIs) posted net inflows amounting to $766 million during the start of this year, almost four times higher than the year-ago level of $214 million, a statement posted on the Bangko Sentral ng Pilipinas (BSP) said. The BSP said that this was achieved as a result of net equity capital inflows which stood at $739 million during January 2012 from only $31 million in January 2011. In particular, it said that gross equity capital placem...
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30Mar2012QUEZON CITY, Mar 30 (PIA) -- Executive Sec. Paquito Ochoa called on the country’s prosecution service and the Department of Justice to help in conveying to the international community that it is open for business but close for crimes. According to Ochoa, who was a guest to the 24th National Convention of the Prosecutors’ League of the Philippines, the country should be established as a nation where the rule of law prevails to entice investors that can bring capital and employment opportun...
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16Mar2012CAGAYAN DE ORO CITY, March 16 (PIA) -- Investments monitored by the Department of Trade and Industry in Northern Mindanao reached P9.97 billion last year, according to the National Economic and Development Authority (NEDA) in Region 10. Engr. Cecilio Clarete, chief economic development specialist of NEDA-10, said P4.17 billion of the total regional investments or 41.8 percent was poured in Misamis Oriental. He said majority of these investments went into the infrastructure and ...
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09Mar2012BUTUAN CITY, Mar. 9 (PIA) -- At least seven municipalities in the province will benefit from a Korean company when its starts operating here in Agusan del Norte. This is the intent of the Memorandum of Understanding (MOU) that is set to be signed by Governor Erlpe John M. Amante, in behalf of the province, and the International Agricultural Development Institute (IADI), based in Seoul, Korea. “Our company is very much interested on cassava, palm ...
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06Mar2012CALAMBA, Misamis Occidental, March 6 (PIA) -- The total tax receipts and external sources of 2011 amounting to P56.577 million provided the funds for the annual budget of the local government unit here for this year. This amount was actually higher by 4.20% compared with the annual budget of P54.279 million in 2011, Mayor Luisito B. Villanueva, Jr. said. Of these receipts, P2.092 million or 3.70% was derived from the local tax revenues, P11.909 million or 21.05% from the non-ta...
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05Mar2012PUERTO PRINCESA CITY, Palawan, March 5 (PIA) -- The local government of Puerto Princesa City has spelled out its preferred areas of investment in the New Puerto Princesa City Investment Code, encouraging investments in agriculture, fishery, forestry and tourism. The code encourages local and foreign investors to establish productive, globally competitive, culture-sensitive and environmentally sound agro-industrial and eco-tourism industries providing incentives to qualified enterprises ...
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28Feb2012QUEZON CITY, February 28 (PIA) -- The Board of Investments listed three priority investment areas that would help in creating jobs and improving the country’s economy. These are agribusiness, infrastructure, and tourism facilities and services. The said areas reflect the government’s thrust of economic progress through investments that would generate millions of jobs to Filipinos. Through the Public-Private Partnership, the synergy between govern...
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27Feb2012TAGUM CITY, Feb. 27 – In order to encourage investors to do more business in the province and take advantage of the rising tourism industry, Davao del Norte governor urged the Sangguniang Panlalawigan to pass the investment and tourism codes of Davao del Norte. Governor Rodolfo P. del Rosario told members of the provincial board that up to P4-billion worth of tourism infrastructure projects were already identified in the province as part of the tourism development master plan of t...
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21Feb2012CAGAYAN DE ORO CITY, Feb. 21 -- Seeking to generate more investments for the island, the Mindanao Development Authority (MinDA) is set to forge a partnership agreement with the Philippine Board of Investments (BOI) that would enhance mechanisms on investment promotion in Mindanao. The MinDA Board has approved during its regular meeting recently a draft memorandum of agreement between MinDA and BOI, underscoring greater collaboration in increasing capacities of MinDA in investment facili...
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18Feb2012TAGBILARAN CITY, Bohol, Feb. 18 (PIA) -- Bohol governor Edgar Chatto in his ‘State of the Province Address’ recently reported that there are P1.3 billion worth of investments in Bohol in 2011 that came from the 2,197 registered new business. Chatto ascribes the new investments uptrend with the enabling business environment the government and the private sector put up to entice investments. Chatto cited the Bohol Business One-Stop Shop (BOSS) as a crucia...
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17Feb2012MANILA, Feb. 17 (PIA) -- Foreign portfolio transactions for the month of January yielded net inflows of US$586 million, a Bangko Sentral ng Pilipinas (BSP) statement said. The BSP said the recent figure is four times the US$140 million net inflow for December 2011 and 203.5 percent higher than the US$193 million recorded in January last year. According to the statement, this was due to a combination of factors with breakdown as follows: PSE-listed securities - US$385 million ne...
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15Feb2012NEW DELHI, Feb. 15 (PIA) -- The government of India invited Filipino investors to invest in India in a bid to forge closer relations between India and the Philippines. Dr. Shri Montek Singh Ahluwalia, deputy chairman of India’s Planning Commission, said that they are inviting Philippine investments into India, particularly in the food processing sector. “You have a lot of technology in things like food processing so we are attracting you to come here because it&rs...
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13Feb2012MANILA, Feb. 13 (PIA) -- To encourage investors to do more business in the country, Interior and Local Government Secretary Jesse Robredo is urging all provinces, cities and municipalities to craft their respective local investment and incentives code (LIIC), a statement posted on the DILG website (www.dilg.gov.ph) said. Robredo made the call during the Investment Forum titled “Go LOCAL and Multiply: Networking for Investment Opportunities in Agribusiness and Tourism&quo...
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12Feb2012ROXAS CITY, Capiz, Feb. 11 (PIA) – All local economic and onvestment promotion officers (LEIPO) in the province will be organized by the Department of Trade and Industry (DTI) – Capiz Provincial Office in March to spice up investment promotion in the province. The organizational meeting will be complemented with an orientation on the duties and functions of LEIPOs and inventory of local government units (LGU) with investment code, said DTI – Capiz Public Information ...
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06Feb2012MANILA, Feb. 6 (PIA) -- The Department of Trade and Industry (DTI) called on other government agencies to become partners in the Global Marketing and Intelligence System (GMIS), which will synchronize the trade and investment promotion activities in a more efficient and effective structure. DTI Undersecretary Cristino L. Panlilio made the appeal as he vigorously introduced the GMIS before the media, private sector, trade and investment promotion agencies of DTI and other government agencies rec...
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03Feb2012OZAMIZ CITY, Misamis Occidental, Feb. 3 (PIA) --The Ozamiz City Development Council (OCDC) has passed a resolution endorsing, for final approval, the program,projects, activities of the city’s 2012 Annual Investment Program (AIP) 20% Development Fund Component, in the amount of P59,770,743. Said resolution was passed during the first full council meeting of the OCDC, last January 17, held in the city. The full council passed CDC Resolution No. 001-2012, s. of 2012 after it deliberate...
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28Jan2012ANGELES CITY, Pampanga, January 28 (PIA) -- Mayor Edgardo Pamintuan recently hosted the city government’s version of vin d’honneur at the Old Pamintuan Mansion, this city. Vice Mayor Vicky Vega Cabigting, members of the city council, department and program heads of the city government, businessmen from the Angeles City Filipino Chinese Chamber of Commerce and Industries (AC-FilChi) and officers from the Angeles City Police Office (ACPO) were among the guests during t...
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26Jan2012SURIGAO CITY, Jan. 26 (PIA) -- Full economic activity is seen beginning this year in the Northeastern Mindanao as both foreign and domestic investors in agricultural, industrial, mining and tourism industries are already in place in the region’s five provinces and six cities. After signing a memorandum of understanding, a Japanese business group is already in close coordination with a local construction company in Butuan City for the establishment of multi-million-peso run...
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21Jan2012BALANGA CITY, Bataan, Jan. 21 (PIA) -- "A thriving local economy through investments will be the key to our success,” said Mayor Jose Enrique Garcia III during his recent State of the City Address (SOCA), as he invited businessmen to invest in the city. One of the ways to achieve this desire is by updating the Comprehensive Land and Water Use Plan (CLWUP) to suit the needs of our environment, which we are currently undertaking now, said Garcia. “Through...
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20Jan2012SIQUIJOR, Jan 20 (PIA)-- At least five members of the Technical Working Group from the local government unit of San Juan with two others from the provincial government of Siquijor and one from the Department of Trade and Industry (DTI) will attend the second training module under the Capacity Development Program on January 30-31 at Marriott Hotel, Cebu City. The training is part of the continued support of the GTZ Private Sector Promotion Program and DTI to the LGUs that have adopted ...
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22Oct2011ILOILO CITY, Oct. 22 (PIA) -- The National Economic and Development Authority (NEDA) 6 will conduct a roundtable discussion on Oct. 25 with the local media to orient and discuss with them the 2011-2016 Regional Development Plan and its accompanying Regional Development Investment Program. The Regional Economic Situationer for the first and second quarters of this year will also be included in the briefing and discussion. The regional development plan is the blueprint for development in ...
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16Oct2011ILOILO CITY, Oct. 16 (PIA) -- The private sector will help in the 2011-2016 Western Visayas Regional Development Plan which to meet the necessary P230 billion worth of investments to realize its proposed programs, projects and activities. Based on a report made by the National Economic and Development Authority (NEDA) 6, the private sector is expected to contribute about P18 billion to fund some of the projects in the six-year development plan. A portion of private sector involvement is...
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11Oct2011ILOILO CITY, Oct. 11 (PIA) -- Western Visayas would need P230 billion in investments to implement the projects identified in the Regional Development Investment Program of the Regional Development Plan for 2011 –2016, according to the National Economic and Development Authority (NEDA) here. Based on the RDIP, the top 3 sectors that need substantial investment requirements over the next six years are Infrastructure Support with P153 billion (66 percent), Human Resource Devel...
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07Sep2011ZAMBOANGA CITY, Sept. 7 (PIA) -- An eight-man business delegates headed by He Hongmin of Aimin Real Estate Corporation based in Hebei, China arrived in the city over the weekend to explore the city’s potential for business investment. Mr. Vic Larato of the City Mayor’s Office said the “Chinese bizmen came to Zamboanga to see business potentials even as they had already plans to invest in the local real estate and construction industry.” Larato said the group of C...
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12Jul2011ZAMBOANGA CITY, July 12 (PIA) –- Large corporations and Small and Medium Enterprises (SMEs) here will have the opportunity to explore other means or source of financial requirements when it comes to expanding their business, as the Philippine Export-Import (PhilEXIM) Credit Agency is set to conduct a business presentation on July 14 in one of the local hotels here. PhilEXIM, a government financing institution attached to the Department of Finance (DOF) in coordination with...
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28Jun2011OZAMIZ CITY, Misamis Occidental, June 28 (PIA) -– The Regional Development Council of Northern Mindanao (RDC-X) has approved the 2011-2016 Regional Development Investment Program (RDIP) Guidelines and Timelines, during today’s 89th Full Council Meeting, here. Formulation of the RDIP is in line with Memorandum Circular No. 3 which directs the National Economic and Development Authority (NEDA) to coordinate the formulation of the Philippine Development Plan/Regional Development ...
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10Jan2011CAGAYAN DE ORO CITY, Jan. 8 (PIA) -- The Medium Term Philippine Development Plan (MTPDP) 2011-2016 will serve as the blue print of the Aquino Administration. Thus, explained Socio-economic Planning Secretary Cayetano W. Paderanga, III, during the recent regional consultation workshop on MTPDP held in Cagayan de Oro City, where he called on the participants for their positive inputs in all chapters of the MTPDP. “I, therefore, encourage everyone to be serious in going through it a...
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29Jul2010CAGAYAN DE ORO CITY (29 July) -- A total paid-up capital investment of Php24.74M was registered by the Securities and Exchange Commission (SEC) in Northern Mindanao, in the first quarter, this year. This investment was higher by 10.30 percent compared to the investments of Php22.43M in the same period of 2009, Atty. Renato V. Egypto, Regional Director of SEC, region 10, said. Comparative data of the region also show that the SEC-registered investments in the Lanao del Norte-Iligan ...
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16Jul2010CAGAYAN DE ORO CITY (16 July) -- Some P958.62M of investments have been monitored by the Department of Trade and Industry (DTI) in Northern Mindanao, during the first quarter of 2010, lower by 6.15 percent compared to P1.02B during the same period last year. Of the region's five provinces, Lanao del Norte had the biggest share of the total regional investments (RTI) with P356.11M or 37.15 percent due to the rehabilitation and expansion projects of a leading cement company in Iligan Cit...
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13Apr2010CAGAYAN DE ORO CITY (13 April) -- A total paid-up capital investment of P251.864M was registered by the Securities and Exchange Commission (SEC) in region 10, last year, higher by 82.71 percent compared to P137.85M in 2008. "These investments came from stock corporations with P103.243M, partnerships with P21.587M and business expansions with P127.033M," Atty. Renato V. Egypto, Regional Director of SEC, region 10, said. Comparative data of SEC in the region show that invest...
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19Feb2010CAGAYAN DE ORO CITY (19 February) -- Pres. Gloria Macapagal-Arroyo said her administration has made huge investments in Mindanao to improve the island's standard of living and to sustain peace. This was emphasized by the President, during her recent visit in Masiu, Lanao del Sur where she inaugurated its town hall and the public market of the neighboring Taraka town and led the groundbreaking of its water system, as part of her agribusiness tour of the island. "Mindanao is the food...
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