Mga Pilipino, makikinabang sa investment grade upgrade ng R&I credit rating company sa Pilipinas ayon kay PBBM

Transcript

00:00In the face of the rising economic and business climate of the country,

00:07the largest credit rating company in Japan has raised the investment grade of the Philippines.

00:15And according to President Ferdinand R. Marcos Jr.,

00:18all Filipinos will surely benefit from this.

00:22How? Let's find out in the center of the news of Alan Francisco.

00:30Every Filipino will benefit from the country's economic growth

00:34because it will also end the cycle of poverty in the future.

00:39This is the message of President Ferdinand R. Marcos Jr.

00:42after the country used the credit rating upgrade, A-,

00:46from Japan-based Rating and Investment Information Incorporated or R&I

00:52due to its strong economic performance.

00:54According to President Marcos, this is the highest grade of the country

00:58which also means high confidence of the investors in the Philippine economy.

01:03This proves the upgrade or improvement of the lives of ordinary Filipinos.

01:09According to President Marcos, this means

01:12it will help reduce the borrowing cost

01:15and ensure affordable financing for the government, business, and ordinary people.

01:21In the face of the country's rise in interest payments,

01:25the government will be able to use the savings

01:27for various public services such as infrastructure,

01:31healthcare facilities, and the construction of schools.

01:35This will also help the country invest in the people

01:39which will be the way to produce the next Olympics two-time gold medalist Carlos Yulo.

01:45With the continued improvement of the country's credit rating,

01:48President Marcos believes that there will be more and better jobs

01:54for every Filipino to have a high income.

01:57According to the executive,

01:59even though this is the first credit rating upgrade under his administration,

02:04the government will not stop here.

02:06He will try to pour all his resources into the government

02:09to ensure that the Filipinos will win.

02:13In the end, he said, the fight for a new Philippines will continue.

02:18The Philippine economy is not affected by political issues in the country.

02:23This is what Finance Secretary Dominic Velasquez said.

02:26According to Usec Velasquez,

02:28investors are discussing how to separate the economy from political issues.

02:33This is contrary to what happened in Thailand

02:36where political issues affected their economy.

02:40But in the Philippines, this is not the case.

02:44Alan Francisco for Pamansang TV in Bagong, Philippines.