Pilipinas, nasa 'middle-income' status na, ayon sa isang ekonomista

Pilipinas, nasa 'middle-income' status na, ayon sa isang ekonomista

3K indibidwal, benipisyaryo ng CARD Program ng lokal na pamahalaan sa Bukidnon

Transcript

00:00 [News Anchor]

00:06 Good morning, here is the PTV news for today.

00:10 The Philippines is now heading to the middle income status where the livelihood of every Filipino will increase.

00:17 According to economist Michael Rickford of RCBC,

00:22 the economic situation in the country is getting better, the GDP is increasing by 5.9% in the third quarter.

00:30 It will reach 6-7% if not because of the increase in the prices of goods, especially rice and crude.

00:39 According to Rickford, the GDP will increase in the fourth quarter because the consumer expenditure will increase

00:46 or the public expenses due to the holiday season.

00:49 If the situation continues to improve, the prices of agricultural products will have a good rise and fall.

00:57 Fourth quarter, it can still accelerate to 6.5% at least.

01:03 It might even go higher, 6.5% from 5.9% because first, it's the holiday season.

01:10 Let's hope that people's spending will be wider.

01:15 More people will look for employment. The time is good.

01:19 There is no big storm since October.

01:23 That's why the inflation suddenly decreased.

01:26 More people will be able to raise their income through education.

01:30 That's my investment approach, our infrastructure.

01:33 Because our economy will be more efficient.

01:39 We will attract more tourists, more investors.

01:43 The government's cash and rice distribution or CARD program will reach 3,000 beneficiaries in the province of Bukidnon yesterday.

01:53 Not less than Php 2,000 financial assistance and rice assistance or Php 25 kilos of rice and Php 1,000 for buying other foods

02:04 will be distributed to every beneficiary including senior citizens, persons with disabilities, solo parents and adults.

02:13 The program was held in Ililunsad, the new Philippine Service Fair in the province

02:18 where Php 110,000 will be distributed.

02:23 Php 379 million of financial assistance will be distributed, aside from this, to government services.

02:30 And those are the news for this time. For more updates, like and follow us on our social media accounts.

02:37 I am Dominic Alvilor. Good morning.

02:40 [News music]