DOF, kumpiyansa na mananatiling matatag ang ekonomiya ng bansa sa gitna ng iba't ibang mga hamon

2 days ago

DOF, kumpiyansa na mananatiling matatag ang ekonomiya ng bansa sa gitna ng iba't ibang mga hamon

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Transcript

00:00The Department of Finance is confident that the country's economy will remain stable amidst various challenges.

00:07This is even in the middle of the discussion when it comes to politics.

00:10According to Chief Economist Finance Undersecretary Dominic Velasquez,

00:14the economic or positive economic outlook of investors in the country is not affected by the noise in politics.

00:21In addition to the official, the Philippines' track record is also good when it comes to the reforms

00:27of the administration of President Ferdinand R. Marcos, Jr.,

00:30as well as the success of the CREATE MORE Act.

00:33The first thing that the country's economic managers will remember is that the government is still a business as usual.

00:45Based on our conversations with investors,

00:48actually, the Philippines really has a political noise.

00:52Especially since we are here, we know better.

00:54But actually, the foreign investors are more insulated in the political noise.

00:59Of course, they read the international media that covers the Philippines also.

01:04But I think it doesn't really matter because we've proven ourselves that we're beyond this political noise.

01:12We're able to pass reforms.

01:13We passed CREATE MORE.

01:15We're able to consolidate our finances.

01:20That's why we have a positive outlook from S&P.

01:26It's because we have a track record that we're able to do this.

01:29Whatever the political noise.

DOF, kumpiyansa na mananatiling matatag ang ekonomiya ng bansa sa gitna ng iba't ibang mga hamon

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Transcript

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