00:00Meanwhile, more work for the Filipinos was done by the government in the help of the government.
00:06This is after joining almost 200 strategic investments worth more than Php 4 trillion.
00:13This was certified by the Bureau of Internal Revenue.
00:16Claisel Pardilla, in the center of the news, live.
00:20More than Php 4 trillion was approved by the government of the Philippines this month of March,
00:31which is expected to yield hundreds of thousands of jobs.
00:37According to President Ferdinand R. Marcos Jr.,
00:40187 strategic investments were already certified by the Bureau of Investment
00:47through the One Stop Shop Action Center for Strategic Investments.
00:52This includes a project that will provide clean electricity,
00:57will support the production of food, digital infrastructure, and manufacturing.
01:02Forty-five of these will be owned by foreigners from Denmark, Netherlands, Switzerland, Singapore, and other countries.
01:11Six of the approved investments are already operational
01:14and contributed to the economy and hundreds of thousands of jobs.
01:21It is expected that this investment will yield almost 300,000 jobs for our countrymen.
01:33This is not just a job, but an opportunity for a better and more prosperous life.
01:42More investments will also help to lower the price of services and goods due to competition.
01:52This includes better transportation, energy, communication, and new technologies from where they originate.
02:06That is why President Ferdinand R. Marcos Jr. assured that the process of business will be improved and faster.
02:16For example, the continuation of the Executive Order No. 18,
02:20which provides green lanes to those who want to move forward.
02:23With this help, the licenses and permits of businesses were processed within 12 days.
02:29And through the Create More Law,
02:32the incentives for the export and exportation of local and non-local businesses were improved.
02:38This will allow investors to reach out and make the Philippines a prime investment destination.
02:43Meanwhile, President Marcos introduced the contribution of government agencies and local governments
02:51in the implementation of the initiative.
02:54Institutions that show active support to investors,
02:59such as the creation of green lane focal points,
03:02will be quick to serve and respond to the issues of the developers.
03:08That is the latest news.
03:10Back to you, Angelique.
03:12Thank you very much, Clayzel Pardilla.
Comments