{"id":91622,"date":"2017-02-28T03:59:01","date_gmt":"2017-02-28T08:59:01","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=91622"},"modified":"2017-02-28T03:59:01","modified_gmt":"2017-02-28T08:59:01","slug":"palace-welcomes-favorable-eu-imf-reports-on-phl","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/02\/28\/palace-welcomes-favorable-eu-imf-reports-on-phl\/","title":{"rendered":"Palace welcomes favorable EU, IMF reports on PHL"},"content":{"rendered":"

\"Malaca\u00f1ang<\/a>
Malaca\u00f1ang on Tuesday welcomed a European Union (EU) report citing the Philippines as among the top favorite of European investors in the ASEAN region. (Photo by Official Gazette of the Philippines <\/a>(File:Malaca\u00f1ang Palace.jpg) [Public domain])<\/figcaption><\/figure>MANILA\u2014Malaca\u00f1ang on Tuesday welcomed a European Union (EU) report citing the Philippines as among the top favorite of European investors in the ASEAN region.<\/p>\n

In a Palace press briefing, Presidential Spokesperson Ernesto Abella said that according to European Union-ASEAN Business Council Executive Director Chris Humphrey, the Philippines is one of the favorites among the ASEAN countries preferred by European companies as investment destination.<\/p>\n

\u201cThe EU-ASEAN Business Council said the Philippines is foreseen to further enhance the European interest due to the country\u2019s young population, increasingly liberal trade and investment policies and largely untapped market,\u201d Abella said.<\/p>\n

The Palace official said the EU report is a big boost to President Rodrigo Duterte\u2019s promise to create a million jobs each year.<\/p>\n

\u201cTo deliver its promise to create 1.2 million jobs annually, the Duterte administration will attract more foreign investments, increase infrastructure spending, ease the cost of doing business in the Philippines, and continuously develop its human resource,\u201d Abella said.<\/p>\n

Jobs to be created include those in construction, information and technology, business-process management, tourism, manufacturing, transport and logistics, agri-processing industry, and retail trade.<\/p>\n

Malaca\u00f1ang likewise welcomed an International Monetary Fund (IMF) report commending Philippine monetary policy.<\/p>\n

\u201cWe welcome the commendation from the IMF mission team regarding the Philippine monetary policies, which are supportive of domestic expansion,\u201d Abella said in the same briefing.<\/p>\n

\u201cIt (IMF) took note of the comprehensive tax reform program (CTRP) as among those that contributed to the strengthening of the country\u2019s monetary transmission and reduction of concentration risks in the banking sector, among others,\u201d he said.<\/p>\n

\u201cAlso, continuing and maintaining the current macroeconomic policies is part of the 10-point socioeconomic agenda,\u201d Abella said.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u2014Malaca\u00f1ang on Tuesday welcomed a European Union (EU) report citing the Philippines as among the top favorite of European investors …<\/p>\n","protected":false},"author":33,"featured_media":87883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1482,16,95],"tags":[14166,3103],"class_list":["post-91622","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking","category-news","category-news-ph","tag-ernesto-abella","tag-european-union","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/91622","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=91622"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/91622\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/87883"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=91622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=91622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=91622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}