Philippines bags P137-B in investment pledges in January-March 2021

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MANILA - The Philippines posted P137 billion in investment pledges or approved investments from January to March this year despite the effects of the COVID-19 pandemic, the country's trade chief said Wednesday.

MANILA - The Philippines posted P137 billion in either investment pledges or approved investments from January to March this year despite the effects of the COVID-19 pandemic, the country's trade chief said Wednesday.

Employment also went up by 12,013 jobs from January to March 2021, registering a 13.28% growth compared to the same period in 2020, which garnered only 10,605. "Moving forward to 2021, we expect that investments in these types of projects will intensify particularly in infrastructure -- road, ports and telecoms -- in water and power,” Lopez earlier said.Socioeconomic Planning Secretary Karl Chua meanwhile said the Philippines needs to "continue managing risks" as the country's COVID-19 cases surge.

Chua stressed the strict lockdown which the Philippines experienced last year will harm jobs and livelihood further, saying there are 3.2 million "hungry" people in Metro Manila.

 

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This good news. I just hope it’s not like the vaccine debacle. Drawing lang.

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