Factory output increases by 0.4% in December 2024;

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Factory output increases by 0.4% in December 2024;   BCDA signs over 40 new residential lease agreements;   ARTA proposes faster processing for medical aid requests 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

00:00The country's factory output saw a modest increase in December driven by growth in key industries.

00:06Meanwhile, a government agency signed several new residential lease agreements in a key development

00:13area with plans to improve facilities and align future growth with sustainability

00:18goals. These and more stories in tonight's business news wrap-up by our Floyd Brens.

00:24The country's factory output grew by 0.4% in December 2024, reversing the contraction seen

00:33in November, according to the Philippine Statistics Authority or PSA. This growth was driven by an

00:38increase in the production of computer, electronic, optical products and petroleum,

00:43though it was lower than the 3.7% growth in December 2023. The volume of production also

00:50rose by 0.2%, supported by similar industries. Manufacturing capacity utilization slightly

00:57decreased to 75% but remained higher than the previous year's 74.6%. Key industries within

01:04high utilization included textiles, machinery, and non-metallic mineral products.

01:11The Basis Conversion and Development Authority or BCDA has signed new lease agreements with

01:16sub-leases of CJH Development Corporation for various areas in Camp Janje in Baguio City,

01:23following the Supreme Court's ruling allowing the BCDA to recover the property.

01:28Over 40 new residential agreements have already been signed, with more expected to be finalized

01:34soon. BCDA President Joshua Binkang assured stakeholders the authority is committed to

01:40facilitating a smooth transition and improving facilities, services, and employment opportunities

01:45in the area. The BCDA also plans to review Camp Janje's master plan to align it with Sustainable

01:52Development's goal. The Anti-Red Tape Authority or ARTA has proposed to the Office of the President

01:59a plan to simplify and speed up the processing of medical and financial assistance for Filipinos.

02:05ARTA Director General Ernesto Perez announced that the 2025 ease of doing business economic

02:11briefing of the agency's leading efforts to streamline and harmonize the processes

02:16across government agencies, aiming to standardize requirements, remove unnecessary or redundant

02:22steps, and set clear turnaround times for faster assistance. The initiative involves

02:27various government agencies, including the DSWD, Philippine Charity Sweepstakes Office, Pagcor,

02:34and the Department of Health. Floyd Bruns, from the National TV Network, for a new and better

02:39Philippines.

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