GGLC Express Issue - Global Gateway Logistics City

PAGE 7National NewsGGLC NEWSLETTER EXPRESSPhilippine Inflation Eases 3.5% in SeptemberManila BulletinMANILA, Philippines (Xinhua) - Philippine headlineinflation rate in September eased to 3.5 percent onlower food and fuel prices, National Statistics Officesaid Tuesday.Stable supply of rice, chicken meat and vegetablesreduced food prices.The general downward price adjustments in gasoline,diesel, and kerosene nationwide pushed downthe fuel, light and water ( FLW) index to 11.8 percentin September from 15.3 percent in August.Excluding selected food and energy items, core inflationeased to 3.8 percent in September from 4.2 percentin August.The actual headline September inflation is slightlylower than central bank's expectations. Central BankGovernor Amando M. Tetangco Jr. earlier forecastsannual change in September consumer prices torange from 3.6 to 4.5 percent.BoI executive director Lucita P. Reyes said the investmentinflow represents the combined cost of131 new projects the agency registered in theJanuary-September period this year versus the 108projects in the same period in 2009.“There were more micro and small projects thatwe registered last year,” Reyes said. In 2009, theBoI total investments haul reached P155.4 billion.Once in full commercial operation, the newly approvedprojects are expected to create 18,992 jobopportunities or 8 percent more than the 17,621jobs from the approved projects last year.The robust investment inflow would be reasonenough for BoI to be bullish this year. The BoI hasset an overall P287 billion investments target for2010 to include projects that registered even withoutthe benefit of government incentives like companiesoperating regional headquarters, retailtrade and motor vehicles.BoI Expects to Exceed P287-B full 2010GoalAs Jan.-Sept. investments soar 326% to P192.47 BManila BulletinMANILA, Philippines – The Board of Investments, thegovernment’s premier investment generatingagency, expects to surpass its full year target of P287billion as new approved projects in the first ninemonths this year soared 326 percent to P192.47 billionas against P45.179 billion in the same period lastyear.Increase in investments would increase jobs generation“We will meet our target, but we are projectingwe are going to overshoot our target based onnew applications that are already in the pipeline,”Reyes said.