{"id":139385,"date":"2017-12-15T02:13:18","date_gmt":"2017-12-15T07:13:18","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=139385"},"modified":"2017-12-15T02:13:18","modified_gmt":"2017-12-15T07:13:18","slug":"martial-law-extension-wont-affect-ph-economy-neda","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/12\/15\/martial-law-extension-wont-affect-ph-economy-neda\/","title":{"rendered":"Martial law extension won\u2019t affect PH economy: NEDA"},"content":{"rendered":"
\"\u201cIf<\/a>
\u201cIf we go by the experience in Marawi, it\u2019s going to be neutral at worst. It could boost investor confidence if it\u2019s done (similar to) what happened in Marawi,\u201d NEDA Director-General Ernesto Pernia told reporters on Thursday. (Photo<\/a>: National Economic and Development Authority\/Facebook<\/a>)<\/figcaption><\/figure>\n

MANILA\u00a0—\u00a0The National Economic and Development Authority (NEDA) is optimistic that the one-year extension of martial law in Mindanao will not adversely affect the economy.<\/p>\n

\u201cIf we go by the experience in Marawi, it\u2019s going to be neutral at worst. It could boost investor confidence if it\u2019s done (similar to) what happened in Marawi,\u201d NEDA Director-General Ernesto Pernia told reporters on Thursday.<\/p>\n

Pernia noted the martial law declaration seemed to be well-administered \u201cso our before and after analysis was it was more positive than negative.\u201d<\/p>\n

Meanwhile, NEDA Undersecretary Rosemarie Edillon cited the Philippine credit rating upgrade by Fitch Ratings despite the declaration.<\/p>\n

\u201cAnd that is really because of different characteristics of martial law we are having and that we are hoping that it will be maintained throughout this extension,\u201d she said in a press briefing.<\/p>\n

Edillon based her optimism on the assessment in Mindanao after the Marawi siege, noting there was no significant effect in the local economies of other provinces.<\/p>\n

\u201cWe looked at it from the point of view of the goods market, inflation, tourism, construction and in terms of shipping. And from these indicators, we see that there was no really discernable impact of martial declaration in Mindanao,\u201d she said.<\/p>\n

She added that there was even a slight uptick in the amount of investments pouring into Mindanao in the second quarter of the year.<\/p>\n

\u201cThis goes to show that the rest of the investors actually were able to isolate the Marawi crisis from the martial law implementation and that it did not affect their decisions,\u201d she added.<\/p>\n

Edillon also cited result of fourth-quarter business and consumer expectation surveys indicating that the declaration was \u201cnot listed as among the issues that were bothering the respondent consumers and businessmen\u201d.<\/p>\n

Congress on Wednesday approved President Rodrigo Duterte\u2019s request to extend the imposition of martial law in the entire Mindanao until December 31, 2018 amid persistent threats of ISIS-inspired terrorist groups.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0—\u00a0The National Economic and Development Authority (NEDA) is optimistic that the one-year extension of martial law in Mindanao will not …<\/p>\n","protected":false},"author":33,"featured_media":139387,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[3195,581,11001,39011,7052],"class_list":["post-139385","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-martial-law","tag-mindanao","tag-national-economic-and-development-authority","tag-neda-director-general-ernesto-pernia","tag-philippine-economy","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/139385","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=139385"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/139385\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/139387"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=139385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=139385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=139385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}