00:00The National Economic and Development Authority, or NEDA,
00:04is confident that the so-called political noises in the economy of the Philippines will not be affected.
00:10This is because the administration continues to focus on strengthening the economy
00:16and improving the lives of Filipinos.
00:19According to the Department of Trade and Industry,
00:22it is expected that more businessmen will move to the country
00:27following the increase in the credit rating of the Philippines.
00:31This is the story of Clayzel Fardilla.
00:35Renilin's food stalls will add more spaghetti and rice
00:40in the upcoming December.
00:42Aside from the increasing number of customers during the holiday season,
00:46she also pays attention to those who eat and watch their television.
00:50Just like in the news about the President,
00:56they will gain more customers.
01:00Despite the issues in politics,
01:03the National Economic and Development Authority believes
01:07that it will not have a negative effect on our economy.
01:12Now, at least yesterday, it's business as usual for us.
01:18And I don't think that these political noises
01:23would have any impact on the economy.
01:28What is important is that our economic policies
01:35and policy directions are sound and sustained.
01:44The Administration of President Ferdinand R. Marcos, Jr.
01:49is closely monitoring the implementation of the Philippine Development Plan.
01:52These include programs that will improve the lives of Filipinos,
01:57such as food security,
02:00the construction of more infrastructure,
02:03and the improvement of economic climate change
02:06so that more investors can come and work.
02:11Under the leadership of President Marcos,
02:15along with the economic managers,
02:17led by the Senate and Congress,
02:19the Executive Board assures that it will provide sufficient funds
02:24for the government's primary programs.
02:26It is focused on the budget for 2025
02:32and the need to prioritize the funding of the high-priority projects
02:38of government of this Administration.
02:40The Department of Trade and Industry is also positive
02:43that more businessmen from inside and outside the country
02:46will come to the Philippines.
02:49This is followed by the increase of S&P Global Ratings
02:52in the economic outlook of the Philippines
02:55from the previous stable.
02:57This means more confidence in the ability of the government
03:01and private sector in the Philippines to pay its debts.
03:05This high credit rating will really encourage a lot of confidence
03:09for the international investors to come into our country.
03:12And so far, there's a lot of interest in our country.
Comments