DTI chief believes PH economy could reach Rising Asian Tiger Economy status

Transcript

00:00 NIC, or newly industrialized country or tiger economy, is an economic status well within

00:06 the country's grasp and will eventually reach sooner rather than later.

00:11 A believed trade and industry chief, Fred Pasqual, solidly espouses which is predicated

00:17 on programs of the government that will boost and lift the country to such distinct economic

00:23 level.

00:24 This, he shared Thursday in a business luncheon with Italian Chamber of Commerce in the country

00:29 and in the wake of the data released this week on the nation's GDP that grew 5.6 percent

00:36 in 2023 despite challenges and headwinds from abroad.

00:41 With a Vietnam state visit in the government's rearview mirror and government's all-out

00:47 efforts to drum up investments from abroad, the DTI chief is flushed with confidence on

00:52 the bright future of the country's economy after its latest economic performance rating.