DTI chief believes PH economy could reach Rising Asian Tiger Economy status
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00:00 NIC, or newly industrialized country or tiger economy, is an economic status well within
00:06 the country's grasp and will eventually reach sooner rather than later.
00:11 A believed trade and industry chief, Fred Pasqual, solidly espouses which is predicated
00:17 on programs of the government that will boost and lift the country to such distinct economic
00:23 level.
00:24 This, he shared Thursday in a business luncheon with Italian Chamber of Commerce in the country
00:29 and in the wake of the data released this week on the nation's GDP that grew 5.6 percent
00:36 in 2023 despite challenges and headwinds from abroad.
00:41 With a Vietnam state visit in the government's rearview mirror and government's all-out
00:47 efforts to drum up investments from abroad, the DTI chief is flushed with confidence on
00:52 the bright future of the country's economy after its latest economic performance rating.