Investments Continue to Pour into PH amid Pandemic

The raging coronavirus disease 2019 (COVID-19) is not enough of a reason to stop people from investing, as the government reports that investments on new business opportunities continue amid the pandemic.

Presidential Spokesperson Harry Roque Jr., recently said during a press briefing on Thursday that the reopening of the economy and the continuation of business in the country amid the pandemic has helped the investments to continue to come.

“Bukas ang ating ekonomiya, patuloy ang pamumuhunan or investments bagaman tayo ay nasa gitna pa po ng pandemya,” Roque said.

The general positive business outlook in the country continues as the Department of Trade and Industry (DTI) also presented during President Rodrigo Duterte’s Talk-to-the-People Address that investments have increased as it experienced a growth of almost 65 percent–PHP137 billion compared to PHP83 billion from last year.

Employment is also improving in the country amid the pandemic, as it is also reported that 12,013 people were employed from January to March 19, 2021, a 13 percent growth compared to the same period in 2020.

registration of traditional and e-commerce business also experienced a sharp growth, as the registrations of new business names grew by 44 percent at 916,163 in 2020, compared to 2019.

The lockdowns imposed during 2020 also led to an online business boom in the country, as registrations reached a staggering 88,574 during 2020, a massive growth compared to just 1,700 online businesses registered during 2019. (GFB)