9/12/2023 0 Comments Benchmark meaning tagalog![]() Subic Bay Metropolitan Authority (SBMA) Poro Point Management Corporation (PPMC) Philippine Economic Zone Authority (PEZA) Clark International Airport Corporation (CIAC) BOI-Bangsamoro Autonomous Region in Muslim Mindanao (BOI-BARMM) Authority of the Freeport Area of Bataan (AFAB) Balance of Payment and International Investment Position Manual Sixth Edition (BPM6). Benchmark Definition of Foreign Direct Investment. (2) Organisation for Economic Co-Operation and Development. Measurement of Aggregate and Industry-Level Productivity Growth. (1) Organisation for Economic Co-Operation and Development. 10625 or the Philippine Statistical Act of 2013. The Philippine Statistics Authority is currently compiling and reporting the quarterly approved investments of the Philippines by virtue of Republic Act No. It was done to clearly distinguish “approved foreign investments,” which are only commitments and pledges, from the “foreign direct investments,” which are actual investments being released in the Balance of Payments (BOP) by the Bangko Sentral ng Pilipinas (BSP). In 2012, starting with the Third Quarter Report, foreign investments approved and registered by the investment promotion agencies (IPAs) was termed “approved foreign investments.” This replaced “approved foreign direct investments” used in the previous reports. The other two components of the FIIS: the Registry of Firms on Foreign Investments and the Annual Reporting System, were planned to be integrated with the first component to complete the FIIS. The CQRS operationalizes the integration and uniform reporting of quarterly data on foreign investment reported by the various concerned agencies. Through CQRS, the quarterly reports on Foreign Direct Investments in the Philippines have been produced since 1997. The IAC-FDIS implemented one component of FIIS, the Consolidated Quarterly Reporting System (CQRS). The member agencies of the IAC-FDIS jointly implemented the institutionalization of the FIIS. National Economic and Development Authority (NEDA) 1-96, was composed of the following agencies which were tasked to rationalize and integrate foreign investments data in all aspects including collection, processing, and dissemination: National Statistical Coordination Board (NSCB)īureau of Trade Regulation & Consumer Protection (BTRCP) The IAC-FDIS, through NSCB Memorandum Order No. It also featured the results of the 1991-1992 estimates of stock of FDI, and the concepts, methodology, data system, and institutional support needed to implement the FIIS.īased on the recommendation of the FIIS Study, the NSCB created the Inter-Agency Committee on Foreign Direct Investments Statistics (IAC-FDIS) in September 1996. The report recommended a system that will operationalize the concepts and methodologies for developing and compiling FDI statistics in the Philippines. The IAG published the first report of FIIS Study in July 1996 which was based on available administrative data in 19. With the objective of resolving this problem and other issues in the generation and reporting of FDI, the former National Statistical Coordination Board (NSCB) created an ad hoc Inter-Agency Group (IAG) in 1991 to conduct a study for the implementation of FIIS. Since there were a number of agencies involved, the process had often resulted in inconsistent data generation and interpretation because of differences in concepts, definitions, and reporting periods. This project was done when statistics on FDI are being reported/generated by several agencies that carry out functions relating to management, monitoring, and promotion to attract foreign investments. The compilation of approved investments in the Philippines started in 1991 through the Foreign Investments Information System (FIIS) project 1 which aimed to develop an integrated approach for generating and reporting foreign direct investments (FDI).
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