MANILA – Registered investments for November reached $2 billion, up by 30.5 percent and 55.5 percent from October 2012 and November 2011, respectively, Bangko Sentral ng Pilipinas data show.

BSP attributed the hike to positive investor reaction to the lower than expected inflation of 3.1 percent for October; robust third quarter corporate earnings; successful issuance by the National Government of 10-year global peso notes equivalent to $750 million; and the two-year high growth in gross domestic product of 7.1 percent in the third quarter.

The bulk of registered investments were in PSE-listed securities and peso government securities (58.6 percent and 41.4 percent of total, respectively).

More overseas positions
open for skilled workers

An overseas recruitment agency representing 38 companies in Middle East countries will be in Bacolod City on December 17 and 18 at the Public Employment Service Office for its special recruitment activity, PESO Manager, Moises de la Cruz, said yesterday.

The companies are based in Riyadh, Dammam, Malaysia, Dubai and Qatar. They need skilled workers like electricians, mechanical workers, machine operators, carpenters, plumbers, painters, welders, drivers, cooks, waiters, and, house helpers, de la Cruz said.

Other job vacancies are for engineers, recruitment officers, clerks, architects, storekeepers, cashiers, bakers, optometrists, merchandisers, pipe testers and fitters, website designers, and data entry operators, he also said.

Probe over tax perks for
Thai company set

The House committees on agriculture and food security will summon officials of the Department of Trade and Industry and Bureau of Investment to a joint congressional inquiry, a government press release said.

The initiative is aimed to shed light on the alleged grant of a seven-year tax holiday, tax incentives for importation and other perks to Charoen Pokphand, a company from Thailand, the press release said.

Rep. Agapito Guanlao (Butil Party-list) said the BOI should also explain its move allowing the operation by the Charoen Pokphand of a P2 billion Thai Agricultural project, which provides for the establishment of hog and poultry farms in the country.

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