Latest Breaking News On - Anufacturing output is on the trajectory of hitting pre pandemic level php3 6 trillion lopez said industry 39s in 2021 pegged at usd3 55 first quarter 2022 - Page 1 : comparemela.com

File photo MANILA - Department of Trade and Industry (DTI) Secretary Ramon Lopez said the Duterte administration has created a vibrant business environment in the last six years that helped in attracting investments in the manufacturing sector. During the 7th Manufacturing Summit in Makati City Tuesday, Lopez said a total of PHP1.1 trillion investments were approved in the manufacturing sector between 2016 and 2022. Some USD4.3 billion worth of foreign direct investments (FDIs) in the manufacturing sector also entered the country in the same period. Lopez added that employment in the sector stood at 3.66 million in April 2022, which is higher than the pre-pandemic level of 3.65 million employees in 2019. This also reflected that the job losses during the pandemic were recovered. In 2020, employment in manufacturing reached 3.19 million. With the further reopening of the economy, manufacturing output is on the trajectory of hitting the pre-pandemic level of PHP3.6 trillion. Lopez said t

Makati citySan pedro makatiRamon lopezSecretary ramon lopezManufacturing summitMakati city tuesdayFile photo manila department of trade and industry dti secretary ramon lopez said the duterte administration has createda vibrant business environment in last six years that helped attracting investments manufacturing sector during 7th summit makati city tuesdayOpez saida total of php1 1 trillion investments were approved in the manufacturing sector between 2016 and 2022 some usd4 3 billion worth foreign direct fdis also entered country same period lopez added that employment stood at 66 million aprilHich is higher than the pre pandemic level of 3 65 million employees in 2019 this also reflected that job losses during were recovered 2020Mployment in manufacturing reached 3 19 million with the further reopening of economyAnufacturing output is on the trajectory of hitting pre pandemic level php3 6 trillion lopez said industry 39s in 2021 pegged at usd3 55 first quarter 2022Anufacturing output stood at php975 billionHe highest output recorded in all first quarters of the previous years quot this shows that once domestic and global economy adapt better to pandemic situationHe philippine manufacturing sector is ready to return the pre pandemic trajectoryUot he added lopez said the duterte administration will also be leaving with around php500 billion worth of prospective investments that can realized in next 18 months pna