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