NEDA, naniniwalang nagbubunga na ang pagsisikap ng administrasyon ni PBBM na gawing economic powerhouse ang Pilipinas

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NEDA, naniniwalang nagbubunga na ang pagsisikap ng administrasyon ni PBBM na gawing economic powerhouse ang Pilipinas

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Transcript

00:00The Philippines received a BBB Plus credit rating from S&P Global.

00:07This means that the effort of the Marcos Jr. administration to make the Philippines an economic powerhouse is now bearing fruit.

00:16This is Zeph Bosonga of Radyo Pilipinas for Pambansak News.

00:20This means that the effort of the Marcos administration to make the Philippines an economic powerhouse is now bearing fruit.

00:30This is a sign of the continued growth of the country's economy.

00:34This is how the National Economic and Development Authority or NEDA sees the BBB Plus credit rating issued by S&P Global.

00:43In a statement by Radyo Pilipinas to NEDA Undersecretary Rosemarie Edilion,

00:48she said that this shows that the Philippines has the ability to pay debts.

00:54According to Edilion, this is also a sign of a decrease in interest in lending to local and international investors

01:01who are more willing to invest in the country.

01:06S&P Global has a good future for the Philippines.

01:15This is a good sign for foreign investors.

01:20Immediately, this means that for our domestic investors, our local investors who are raising capital,

01:31if they want to add investment and expand their business, the cost of their borrowing will be cheaper.

01:40This is also a clear sign of an upcoming upgrade of the Philippines to the A- rating

01:46and there is a direct effect on the movement of the interest rates of the Philippines.

01:51If our risk rating is low, it will be small.

01:57This is a good sign for the next time to pay.

02:08This means that our interest payments will be smaller and we will be able to use it for other things.

02:15Edilion added that S&P has seen different aspects in increasing the credit rating of the Philippines,

02:23such as effective policy making, infrastructure development, and good fiscal policy of the country.

02:30From PBS Radyo Pilipinas, Zef Bosongan for Balitang Pambansa.

NEDA, naniniwalang nagbubunga na ang pagsisikap ng administrasyon ni PBBM na gawing economic powerhouse ang Pilipinas

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Transcript

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