Palace welcomes improvements in PH business, consumer sentiment

Salvador Panelo

Malacañang sees as a positive improvement the latest Business Expectations Survey which showed business out-look in the country rising to 35.2 percentage in the first quarter of 2019.Presidential Spokesperson Salvador Panelo built the statement after the Bangko Sentral ng Pilipinas (BSP) said in its report Thursday that the said figure rose from 27.2 percent for the duration of the last quarter of 2018.

In accordance with the BSP, this figure is the highest level since the 2nd quarter of 2018. “We consider this jump of business optimism as an excellent indicator of powerful business and then investor confidence to the decisive leadership of President Rodrigo Roa Duterte and his competent economic team, which resulted in the easing of inflation and then higher government infrastructure spending, two of the primary factors mentioned by respondents for their upbeat outlook,” Panelo said Saturday morning.

The Palace recognized then said that Duterte is prioritizing to develop the country’s economy that will have a positive effect on the lives of all Filipinos. “Foremost in the mind of the President is always to strengthen the economy that will redound to the Filipino people —to provide a comfortable life for all,” Panelo said. Larger government infrastructure spending also contributed to the rosier outlook. Additional factors were perceived enhancements in business strategies, as well as enlargement plans and then new product lines.

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