00:00The Philippine Statistics Authority reported 4% economy growth for the full year.
00:05of 2025, lower than 5.7% recorded in 2024.
00:10But the Department of Economy, Planning and Development or DepDev remains positive.
00:15with what the ASEAN shareship of the Philippines would bring, given the added attack.
00:20attention to our country. Denise Osorio has the full details.
00:25The Philippines ASEAN shareship offers a chance to bring an investment and
00:30support job creation, particularly by boosting tourism.
00:33The Department of Economy, Planning and Development
00:35believe the added regional attention on the Philippines could translate into more arrivals.
00:40as the government works to improve the overall visitor experience.
00:44We are
00:45priming our tourism sector, ensuring that
00:50we are able to fix the problems and the issues and the challenges that
00:55around the sector, particularly travel experiences, tourist experiences.
01:00in the country.
01:01And we hope that we can
01:05place the country as among the
01:08favorite destinations in our region.
01:10DepDev stressed its priorities for 2026 are aimed at reshaping the country.
01:15this trajectory with a focus on human development.
01:18So it's right that we focus on
01:20education and health, social protection.
01:25quality jobs.
01:26quality jobs.
01:27Yeah, yeah.
01:28So, uh, uh, uh, yeah.
01:30that we focus on everything.
01:31That we focus on�로, too, and
01:32that
01:34ah,
01:35the
01:35path
01:37right
01:37in the
01:39path
01:39right
01:40and
01:40that
01:41that
01:42that
01:44thing
01:46that
01:47can
01:48that
01:50and
01:51that
01:56that
01:56that
01:56that
01:57that
01:57and
01:58that
01:58that
01:59and
01:59year, lower than the 5.7% recorded in 2024.
02:04Drivers were wholesale and retail trade, financial and insurance activities, and public
02:09administration and defense.
02:11By sector, services grew by 5.2% and...
02:14...agriculture, forestry, and fishing by 1.0%, while industry contracted by 0.0%.
02:190.9% in the fourth quarter.
02:24Public construction that have been flat...
02:29...our GDP in 2025 would have actually been...
02:33...would have actually...
02:34...increased from 4.4% to 5.5%.
02:39Balisakan explained the government deliberately held back some funding, even at the cost...
02:44...of weaker short-term growth, in a bid to break what he described as business as usual.
02:49Looking ahead, the Department Budget Coordination Committee, or DBA...
02:54...BCC has set a growth target of 5% to 6% for 2026, and 5%...
02:59...alongside tighter scrutiny and accountability.
03:04For public projects, the government indicates to rebuild confidence, restore construction on...
03:09...the sound footing, and use the ASEAN chairship to draw in services and tourism that will...
03:14...will generate jobs.
03:15Denise Osorio, for the National Television Network, for a new and...
03:19...better Philippines.
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