Bagong Pilipinas Movement

The President and the First Lady have completely recovered from their flu-like symptoms and are now in excellent health.

Their attending physician has confirmed that they are free from all symptoms, enabling them to promptly return to their regular duties, effective immediately.

The President has been in meetings today and will resume his public duties tomorrow.

President Ferdinand R. Marcos Jr. has signed into law the “Philippine Salt Industry Development Act,” which aims to strengthen and revitalize the salt industry in the Philippines as part of the administration’s efforts to promote rural development and increase rural income.

Read: https://pco.gov.ph/Philippine-Salt-Industry-Development-Act

PBBM: Ito yung schedule ko, oh. San yung pasyal? This is my schedule for today. Where’s the pasyal, no? Wala! We don’t make pasyal. Even in the places that I know, where I have spent a lot of time with, hindi ko na napupuntahan because we’re here to do this.

This was President Bongbong Marcos’ straightforward response, in a recent press conference in Berlin, to the insinuation by FPRRD that he was just gallivanting around overseas.

All of PBBM's foreign trips have a purpose: to find investors and to strengthen the country's diplomatic relations with other nations.

In fact, as of late, PBBM secured $4 billion investment deals in his 3-day working visit to Germany. Clearly, this was not a walk in the park, as it takes an artful and master negotiator like PBBM to convince foreign investors to seek investment deals with the Philippines.



THIS IS NOT LEISURE. This is what you call dedication that has produced fruitful outcomes in PBBM's efforts in setting the country toward economic recovery and success.

📸 CTTO

Investment pledges from foreign firms during the presidential visits over the past 16 months are now being actualized substantively and tangibly, boosting the position of the Philippines as a premier investment destination for foreign businesses in Asia, according to the Department of Trade and Industry (DTI).

Notably, the presidential visits of President Ferdinand R. Marcos Jr. have been pivotal in generating serious investment interest in the Philippines. The President visited key countries, introducing to specific investor communities his overall vision and policy direction of opening up the country to more foreign investments, including implementing game-changing legislation under his term.

As of December 2023, the Department of Trade and Industry (DTI) recorded USD 72.2 billion in investments at different stages, comprising 148 projects. Among these, 46 projects involving USD14.2 billion (20% of total pledges) have already been actualized – i.e., already operating and/or have completed the process of registering the project with DTI's Investment Promotion Agencies or have commenced implementation (i.e., have spent financial and staff resources to undertake specific, tangible steps for implementing the project). These investments span various sectors, such as manufacturing, IT-BPM, renewable energy, infrastructure, transport and logistics, agriculture, and retail.

Among these sectors, manufacturing has the largest share in terms of the number of projects, comprising 16 projects (equivalent to 35%), followed closely by IT-BPM with 10 projects (22%) and renewable energy with 9 projects (20%).

The most significant countries as investment sources regarding the number of projects that have already been actualized are Japan with 21 projects equivalent and the U.S. with 13 projects.

Meanwhile, foreign investors are still conducting pre-implementation and planning activities in their respective countries for the remaining 102 projects involving USD 58 billion in investment pledges.

While certain investment projects seamlessly progress from commitment to operation (e.g., IT-BPM), others require a more extended implementation period of up to 7 years in the case of offshore wind and major physical infrastructure projects. The investment flows into the country in phases over the implementation period, during which the project transitions into operational status and begins generating revenues.

The duration of the implementation period depends on the sector to which a particular project belongs. Due to relatively shorter implementation periods, investment commitments from the presidential visits in the Information Technology and Business Process Management (IT-BPM) sector and in light manufacturing have mostly become operational. While the FDI values are modest, the early actualization of investment commitments in these sectors contributes to the decrease in the unemployment rate in the Philippines, given that IT-BPM and manufacturing are significant generators of direct employment.

To streamline investment processes and foster a conducive business environment, the government has implemented policy initiatives such as Executive Order 18, establishing "Green Lanes" for strategic investments. Approved by the President in February last year, green lanes aim to hasten, simplify, and automate the permit and license application processes for strategic investments in the Philippines.

The implementation of green lanes has sparked significant interest among investors eager for streamlined approval processes. As of February 8, 2024, the Board of Investments (BOI) has granted green lane certification to 41 projects, with 20 projects either having submitted commitments during the presidential visits or directly resulting from follow-through activities.

While presidential visits are effective platforms for generating investment pledges, realizing projects demands relentless follow-through and strategic collaboration. As investments materialize, the Philippines will reap the long-term benefits of sustained economic growth and job creation. "Our dedication to turning investment pledges into reality is unwavering. We also leverage each presidential visit as a springboard for building up a pipeline of investment opportunities and making the Philippines an investment destination of choice," DTI Secretary Fred Pascual asserted. END

𝐒𝐓𝐀𝐓𝐄𝐌𝐄𝐍𝐓 𝐎𝐅 𝐒𝐏𝐄𝐀𝐊𝐄𝐑 𝐅𝐄𝐑𝐃𝐈𝐍𝐀𝐍𝐃 𝐌𝐀𝐑𝐓𝐈𝐍 𝐑𝐎𝐌𝐔𝐀𝐋𝐃𝐄𝐙 𝐎𝐍 𝐏𝐄𝐎𝐏𝐋𝐄'𝐒 𝐈𝐍𝐈𝐓𝐈𝐀𝐓𝐈𝐕𝐄

I wish to clarify my position and involvement regarding the People’s Initiative for Modernization and Reform Action.

I acknowledge that representatives from the People’s Initiative, including Mr. Noel Oñate, have approached me for a meeting. This encounter, held at my townhouse, was in the spirit of open dialogue and understanding of civic actions spearheaded by our citizens.

As Speaker of the House, I am committed to upholding the principles of democracy and facilitating discussions on matters of national interest. The meeting with the People’s Initiative representatives was an exercise in this commitment. My role, as misinterpreted by some, is not as an orchestrator but as a facilitator for healthy democratic processes.

It is crucial to clarify that while I support the spirit of civic engagement and participatory governance, my involvement in the People’s Initiative has been purely advisory and in no way extends to mobilizing or leading their signature campaign. The initiative and its operations are entirely led and managed by the group themselves.

Furthermore, I firmly deny any allegations of involvement in unlawful activities such as vote buying related to this or any other initiative. Such practices are against my principles and the ethical standards of our government.

I respect the autonomy of the People’s Initiative and commend their efforts to engage in constitutional discourse. However, as the Speaker of the House, my primary role is to steer legislative actions within the Congress and ensure that all processes are conducted with integrity, fairness, and in accordance with our laws.

I urge the public and media to approach this topic with an understanding of the distinct roles in our democratic framework and to avoid conflating support for civic discourse with direct involvement in specific initiatives.

Join 👉 Bagong Pilipinas Movement Facebook Group

Various national government agencies will be convening tomorrow for the “Bagong Pilipinas” kick-off rally at Quirino Grandstand in Manila City, as testament to their commitment to improving their services to the people, an official of the Presidential Communications Office (PCO) said on Saturday.

Read: https://pco.gov.ph/Bagong-Pilipinas-is-more-than-a-branding

Sa darating na Linggo, ika-28 ng Enero 2024, huwag palampasin ang pagkakataong maging bahagi ng pagbabago sa isang !

Sumama na sa Bagong Pilipinas Kick-off Rally sa Qurino Grandstand, kung saan bukas din ang iba't ibang government agencies para maghatid ng sari-saring serbisyo.

Takits!

TARA NA sa KICK OFF RALLY❤️🇵🇭

Natutuwa akong ibalita na bumaba pa ang inflation rate sa bansa noong Disyembre 2023 sa 3.9% —ang pinakamababa noong nakaraang taon, mula sa 4.1% para sa Nobyembre 2023.

Patuloy ang pagsusumikap ng pamahalaan para pagandahin ang kalagayan ng ating ekonomiya.

Para sa bagong taon, lalo nating palalakasin ang mga programa para sa agrikultura, at tututukan ang mga hakbang upang mapanatiling abot-kaya ang presyo ng pagkain at iba pang pangunahing bilihin.

THEN & NOW