00:00The Department of Trade and Industry has surpassed its 2024 investment target due to strong performance
00:06by the Board of Investments.
00:08This and other stories in tonight's Business News Wrap-Up.
00:13The country's overall balance of payments, or BOP, position posted a deficit of $2.3
00:19billion in November, higher than the $216 million BOP deficit recorded in the same month
00:25a year ago.
00:26The Gross International Reserve's, or GIR, level went down to $108.5 billion as of November,
00:32from $111.1 billion as of October.
00:37The Department of Labor and Employment, or DOLE, and the Philippine Economic Zone Authority,
00:41or PESA, partnered to streamline data sharing and processing, easing foreign employment
00:47in economic zones.
00:48Labor Chief Bienvenido Laguesma said the data sharing agreement is a key step toward making
00:53the country a top investment destination while prioritizing employment opportunities
00:58for Filipino workers in economic zones.
01:02Department of Finance, or DOF, Secretary Ralph Recto described Create More as a well-timed
01:07benefit for both investors and the country, addressing a long request from the business
01:12sector with prompt action.
01:15The Department of Trade and Industry, or DTI, reported it has exceeded its 2024 investment
01:20target.
01:21With the Board of Investments, or BOI, reporting 1.62 trillion pesos in approved investments,
01:26surpassing the 1.5 trillion pesos goal in last year's 1.26 trillion pesos.
01:33DTI Secretary Maria Cristina Roque emphasized the progress in attracting investments, emphasizing
01:38the role in job creation, innovation, and sustainable economic growth through a focus
01:44on international trade.
01:45Sean Zespina from the National TV for a new and better Philippines.
