GDP growth sends signal for investors PH on right track: PCCI

FILE: Ma. Alegria Sibal-Limjoco (Photo by Bing Sibal Limjoco/Facebook)

MANILA — The Philippine Chamber of Commerce and Industry (PCCI), the largest business organization in the country, on Tuesday lauded the country’s economic performance and called for initiatives that would propel investments.

“This is a confidence builder and sends a strong signal to local and foreign investors that the country is on the right track,” said new PCCI President Ma. Alegria Sibal-Limjoco.

Limjoco made this statement after the Philippine Statistics Authority (PSA) reported that the country’s gross domestic product (GDP) expanded 6.6 percent in the fourth quarter of 2017, bringing full-year growth to 6.7 percent.

She underscored the need to enable the micro, small and medium enterprises (MSMEs) partake of opportunities with the growing economy.

Limjoco expressed hope that the economic team of President Rodrigo Duterte would work with her business group on setting a policy direction that would strategically drive public and private investments.

She also called for initiatives that would equip MSMEs in agriculture, manufacturing and services sectors to become global winners and champions of decent jobs and environmental sustainability.

“(These) have lasting multiplier effects on the economy,” she said.