PBBM, kumpyansa na makakamit ng Pilipinas ang upper middle country status ngayong 2025

PTVPhilippines

PBBM, kumpyansa na makakamit ng Pilipinas ang upper middle country status ngayong 2025  For more news, visit:  ►https://www.ptvnews.ph/  Subscribe to our DailyMotion Channel: ►http://www.dailymotion.com/peoples-television-incorporated  Subscribe to our YouTube channel: ►http://www.youtube.com/ptvphilippines  Like our Facebook pages: ►PTV: http://facebook.com/PTVph  ►Rise and Shine Pilipinas: https://www.facebook.com/riseandshinepilipinas  Follow us on Twitter:  ►http://twitter.com/PTVph  Follow us on Instagram: ►https://www.instagram.com/ptvph  Watch our livestream on:  ►http://ptvnews.ph/livestream/ ►https://www.dailymotion.com/PTVPhilippines  Watch our News Programs, every Mondays to Fridays  Rise and Shine Pilipinas - 6:00 - 7:00 am | 7:30 - 8:00 am Balitang Pambansa - 7:00 - 7:30 am | 12:00 - 12:30 pm | 6:00 - 6:30pm | 9:30 - 10:00 pm PTV Sports - 8:00 - 9:00 am Bagong Pilipinas Ngayon - 12:30 - 1:00 pm Sentro Balita - 1:00 pm - 2:00 pm Ulat Bayan - 6:30 pm - 7:00 pm PTV News Tonight -  10:00 pm - 10:30 pm  Saturday & Sunday: ►Sentro Balita Weekend - 1:30 - 2:00 pm ►Ulat Bayan Weekend - 6:15 pm - 7:00 pm

Transcript

00:00President Ferdinand R. Marcos Jr. is confident that the Philippines can use the upper-middle-country status now in 2025.

00:08The country's economy is in a good position in the diplomatic community.

00:13Alvin Baltazar of Radyo Pilipinas has the details of the country's news.

00:20President Ferdinand R. Marcos Jr. believes that the country can get its upper-middle-income country status now in 2025.

00:28In a traditional speech of Van den Oor in his palace last Saturday,

00:32the President said in front of the diplomatic community that the country's strong macroeconomic fundamentals

00:40will allow the Philippines to reach its current income.

00:46With strong macroeconomic fundamentals, we are confident that the country will be able to hit this year

00:52the GNI per capita range set for us by the World Bank

00:57to reach the upper-middle-income status country,

01:01coming off from an all-time high record registered in 2023 to the tune of US$4,335.

01:12The President also praised the Philippines' good economic status,

01:16which is considered to be the strongest in Asia,

01:20which surpassed 5.8 percent for the first three quarters of 2024,

01:25a reason to boost the performance of other countries in the Asian region.

01:30This is the proof of the high gross domestic product after 27 years of reaching 16.7 percent,

01:38and the revenue collection of 2024, which reached P4.42 trillion, is a big deal here.

01:46The Philippine economy remains among the strongest in Asia.

01:50Expanding 5.8 percent for the first three quarters of last year,

01:55and outstripping performances of some peers in the Asian region.

02:00Our revenue collection for 2024 is about P4.42 trillion, accounting for 16.7 percent of our GDP,

02:10and this is the highest figure in the last 27 years.

02:14In addition to the President's praise for the country's first-ever credit A rating from S&P Global Ratings,

02:22he also lowered the unemployment rate to 4.0 percent,

02:26which is even lower than the 4.4 to 4.7 percent target,

02:31and the reason for this is the strengthening of the labor market.

02:36For Balintang Babansa, Alvin Balcazar of Radyo Pilipinas.

Category

Transcript

Recommended