… vows to push PH economic agenda READ MORE:
He also welcomed as good news the encouraging remarks made by American and foreign business leaders during the presentation of President Ferdinand Marcos Jr.’s economic team led by Budget Sec. Benjamin Diokno on the state of the Philippine economy in Washington DC.
“I commend members of the economic team for this briefing. The United States is a major source of investments and funding assistance. The World Bank and IMF are likewise principal development funders,” he said. The secretary cited economic liberalization measures Congress recently approved to attract more foreign investments, such as the amended Public Service Act, Foreign Investments Act, and Retail Trade Liberalization Act.“This was higher than our full-year target of 6.5 percent to 7.5 percent and exceeded forecasts of local private sector analysts and international financial institutions, placing the Philippines among the best-performing economies in the Asia-Pacific region,” he said.
Pangandaman told the multilateral lender-funders and potential investors that the government’s priorities and expenditures are aligned with the medium-term development plan and the 8-point socio-economic agenda of President Ferdinand Marcos Jr. She added that physical infrastructure spending is “aimed at improving physical connectivity throughout the country through the construction of accessible road networks, railways, buildings, and flood control infrastructure, among others.”
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