Palace sees continues business confidence for PHL

ShutterStock image

MANILA — The Palace said it expects business confidence in the Philippines to continue in the coming years after a new survey found high expectations for the Philippines.

The survey shows a rosy picture of business confidence for the Philippines in the last quarter of 2014.

“Nakita din natin itong survey na ito conducted by the BSP (Bangko Sentral ng Pilipinas) at umaasa tayo na magpapatuloy ang kumpyansa ng ating mga negosyante dahil malaking bahagi rin po ang ating mga negosyante doon sa paglago ng ating ekonomiya (The BSP survey is proof that investors are still confident and they play a big role in our economic growth),” Deputy presidential spokesperson Abigail Valte said in a radio interview Saturday.

Valte also told dzRB Radyo ng Bayan that the Philippines faired well in the recent anti-modern slavery index.

In the 2014 Global Slavery Index (GSI), the Philippines placed first in Asia and third in the Asia Pacific region. It is ranked 29th globally among 167 countries covered by the GSI, Valte said.

With the country’s good standing, Valte said she expects the report to encourage the Inter-agency Council Against Trafficking (IACAT) to work harder.

The IACAT is under the Department of Justice and the Department of Social Welfare and Development and other government agencies.