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DTI Chief Upbeat On New Investors From South Korea

The DTI expressed optimism over new investors from South Korea that could boost job creation in the Philippines.

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Job creation in the Philippines is expected to get a boost as additional businesses have indicated interest in starting operations in the country.

Trade and Industry Secretary Cristina Roque told journalists Monday night she will be in South Korea from Dec. 17-19 to meet four investors, whom she declined to identify.

“We’re hoping to get also into retail sector to have more jobs,” she said without elaborating.

Aside from the retail sector, Roque said the businesses of the four entities, whose officials she is scheduled to meet this week, are also into food business.

She expressed optimism that these interests will materialize to provide balanced employment, not just in manufacturing sector, for Filipinos.

Earlier, the Board of Investments, said it has approved around 261 projects worth PHP816.81 billion as of the end of November this year, and 10 more big-ticket items are being assessed. (PNA)