BSP projects inflation to settle within 3.5%-4.3% in April;
DOF chief eyes 5.8%-6.3% GDP in Q1;
Gov’t to adopt green procurement practices;
DTI calls on MSMEs to leverage intellectual property
DOF chief eyes 5.8%-6.3% GDP in Q1;
Gov’t to adopt green procurement practices;
DTI calls on MSMEs to leverage intellectual property
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NewsTranscript
00:00 The Department of Finance eyes a 2% inflation rate and is scheduled to convene with economic managers to address rising food inflation.
00:09 Meanwhile, the government is prioritizing environmental sustainability by implementing green procurement practices.
00:16 These and more stories in tonight's Business News Wrap by Soojin Kim.
00:23 The Banco Central ng Pilipinas projects inflation for this April will settle within the 3.5 to 4.3% range.
00:31 This as upticks in rice, meat, and gasoline prices, as well as the recent depreciation of the peso, contributed to upward price pressures for the month.
00:40 Although lower prices reported in fish, fruit, vegetables, and electricity, as well as rollbacks in cooking gas prices, could offset upside price pressures.
00:51 Finance Secretary Ralph Recto hopes for a 2% inflation rate for the country.
00:56 He is set to convene with economic managers of the Department of Agriculture to address rising food inflation.
01:03 "Inflation is still the biggest worry."
01:05 Meanwhile, the finance secretary eyes a 5.8 to 6.3 first quarter GDP rate, which translates to one of the highest in the region.
01:14 "Our target is 6, right? At least 6. I think more or less 6. Anything higher than 5.5 is a win."
01:23 The Philippine government is taking a bold step in environmental sustainability.
01:29 The Department of Budget and Management mentioned the entire government will adopt green procurement practices under the new Government Procurement Act.
01:37 The green public procurement is a vote towards safeguarding the planet and future generations by adapting a more holistic approach to public purchasing.
01:46 Department of Trade and Industry Secretary Fred Pascual calls on MSMEs to leverage intellectual property.
01:53 He encourages MSMEs to pursue inventive endeavors that advance positive societal transformation.
02:00 Soojin Kim, from the National TV Network, for the New and Better Philippines.