{"id":128949,"date":"2017-11-07T00:06:14","date_gmt":"2017-11-07T05:06:14","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=128949"},"modified":"2017-11-07T00:06:14","modified_gmt":"2017-11-07T05:06:14","slug":"palace-welcomes-uns-recognition-of-ph-as-rising-star-in-fdis","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/11\/07\/palace-welcomes-uns-recognition-of-ph-as-rising-star-in-fdis\/","title":{"rendered":"Palace welcomes UN’s recognition of PH as ‘rising star in FDIs’"},"content":{"rendered":"
\"The<\/a>
The Philippine economic prospects have been fairing significantly based on different economic and trade reports with the United Nations calling the Philippines \u201ca rising star in foreign direct investments\u201d, Presidential Spokesperson Harry Roque said on Monday, November 6. (Photo<\/a> by Marlon E\/Flickr<\/a>, CC BY-SA 2.0<\/a>)<\/figcaption><\/figure>\n

MANILA\u00a0— The Philippine economic prospects have been fairing significantly based on different economic and trade reports with the United Nations calling the Philippines \u201ca rising star in foreign direct investments\u201d, Presidential Spokesperson Harry Roque said on Monday, November 6.<\/p>\n

\u201cThe Philippines is expected to have significantly better trade prospects for 2017 according to United Nations Economic and Social Commission for Asia Pacific (UNESCAP) in the Asia-Pacific Trade and Investment Report 2017: Channeling Trade and Investment into Sustainable Development,\u201d Roque said in a press briefing in Malaca\u00f1an Palace.<\/p>\n

\u201cThe positive outlook is a result of the improved services export performance, 58.6 percent year-on-year increase in the telecommunication services and 11.3 percent growth in the number of international tourist arrivals,\u201d he added.<\/p>\n

He said UNESCAP considered the Philippines as a rising star because of the 60 percent growth in the county\u2019s foreign direct investment (FDI) inflows and simplified procedures for foreign investments contributed to the positive forecast.<\/p>\n

He also said the report approved of the streamlining of services such as the releasing of business permits and licensing system of the country.<\/p>\n

Roque also welcomed another report which said that the Philippine manufacturing sector being ahead of other member countries of the Association of Southeast Asian Nations (ASEAN).<\/p>\n

\u201cThe Nikkei Philippine Manufacturing Purchasing Managers\u2019 Index (PMI) reported that the country\u2019s manufacturing sector got a score of 53.7 for the month of October, which is higher than last month\u2019s score of 50.8. This makes the Philippines on top of ASEAN countries in overall growth ranking in manufacturing sector,\u201d he said.<\/p>\n

He noted that the growth in manufacturing sector is attributed to the strengthened domestic demand and maintained export sales, increased volumes of firm production and availability of more capital equipment.<\/p>\n

On the international front, Roque also welcomed UNHCR\u2019s recognition on the Philippines\u2019 efforts on refugee welfare with the UN body commending the country for its continuous support to protect refugees.<\/p>\n

\u201cThe Department of Justice, which leads 15 other agencies of the government, signed an interagency agreement that would give legal ground for asylum seekers, refugees, stateless persons and other persons of concerns to avail of government services they need in the country,\u201d he said.<\/p>\n

\u201cThis proves that Filipinos are hospitable people who would warmly welcome travellers and tourists extend the same warmth and support to refugees and asylum seekers,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0— The Philippine economic prospects have been fairing significantly based on different economic and trade reports with the United Nations …<\/p>\n","protected":false},"author":33,"featured_media":122681,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,95],"tags":[15359,343,31554,31553],"class_list":["post-128949","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","category-news-ph","tag-harry-roque","tag-philippines","tag-rising-star-in-foreign-direct-investments","tag-uns-recognition","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/128949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=128949"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/128949\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/122681"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=128949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=128949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=128949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}