00:00President Ferdinand R. Marcos Jr. promised to improve and speed up the process of business.
00:07This is after approving the more than P4 trillion worth of investment that will provide hundreds of thousands of jobs.
00:15Clayzol Pardilla of PTV Manila is back.
00:21More jobs, cheaper supply of food, and more electricity.
00:27This is the expected result of President Ferdinand R. Marcos Jr.'s administration's approved investment.
00:35According to the President, more than P4 trillion was certified by the Bureau of Investments
00:46through the One Stop Shop Action Center for Strategic Investments.
00:51These include projects that will provide clean electricity, food production, digital infrastructure, and manufacturing.
01:01Forty-five of these will be owned by foreigners from Denmark, Netherlands, Singapore, and other countries.
01:10As of now, six of these are operational and contribute to the economy and hundreds of thousands of jobs.
01:18It is expected that this investment will create almost 300,000 jobs for our countrymen.
01:28This is not just a job, but an opportunity for a better and more prosperous life.
01:37More investment will also help to lower the price of services and goods due to competition,
01:47including better transportation, energy, communication, and new technologies from where they originate.
02:00President Ferdinand R. Marcos Jr. assured that the process of business will be improved and accelerated.
02:09For example, Executive Order No. 18 will continue to give green lights to those who want to invest.
02:18With this help, the license and permit of businesses are processed within 12 days.
02:25And through the Create More Law, incentives for foreign and local investors are improved.
02:35The goal is simple, less red tape, more action, more results, more success, more quickly.
02:45We want investments to come in, projects to break ground faster, jobs to reach our people sooner.
02:52Because when businesses move quickly, progress follows just as fast.
02:58The President also recognized the contribution of government agencies and LGUs in promoting cohesion.
03:07Institutions that show active support to investors were given credit.
03:13For example, the creation of Green Lane Focal Points will be early in the service and address the issues of developers.
03:20From PTV Manila, Kelay Zalto, Orlilia, Balit Ang Pambansa.
