NEDA assures PH positive economic outlook to not be affected by political tensions

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Transcript

00:00Despite the political noise of late, the National Economic Development Authority, or NEDA,

00:06believes the economy will remain unaffected. That is because of the steps being taken by

00:11government that maintain the ideal conditions and the policies that help create a more vibrant

00:16investment climate. PTV's Clazer Bardilla has more.

00:22Renalyn plans to expand her menu this coming December. She will add spaghetti and traditional

00:27Filipino delicacies to her offerings. Renalyn explains, aside from the climbing number of

00:32customers during the holiday season, she also noticed how diners enjoy their meals more

00:38while glued to the television. Despite the intensity of political issues,

00:53the National Economic and Development Authority remains confident this will not adversely affect

00:59the economy.

01:23The administration of President Ferdinand R. Marcos Jr. is focused on the implementation

01:37of the Philippine Development Plan. It includes programs aimed at improving the lives of Filipinos,

01:43such as achieving food security, building more infrastructure, and enhancing the economic

01:49climate to attract more investors and create jobs. In a recent meeting led by President

01:56Marcos Jr., alongside economic managers and leaders from the Senate and Congress,

02:01the chief executive emphasized ensuring sufficient funding for the government's

02:06priority programs. He also highlighted the need to continue projects under official development

02:12assistance which rely on financial or technical support from other countries.

02:32The Department of Trade and Industry remains optimistic that more local and foreign investors

02:38will choose to invest in the Philippines. This optimism follows the upgrade of the

02:42Philippines' economic outlook by S&P Global Ratings from stable to positive.

02:47This signifies increased confidence in the ability of both the government and the private sector in

02:53the Philippines to meet financial obligations. It also reflects the country's strong economic

02:59performance and good governance.

03:08to come into our country. And so far, there's a lot of interest in our country.

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