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Manila Bulletin devider Philippines devider National devider Romualdez on Q3 economic growth: PBBM's 'silent efforts' paying off

Romualdez on Q3 economic growth: PBBM's 'silent efforts' paying off

Published Nov 10, 2022 02:02 pm

The Philippine economy's 7.6 percent growth in the third quarter of the year shows that President Ferdinand "Bongbong" Marcos Jr.'s "silent efforts" in uplifting the pandemic-ravaged economy has begun to pay off.

House Speaker Martin Romualdez (2nd from left) looks over at President Ferdinand "Bongbong" Marcos Jr. during their participation at the United Nations General Assembly in New York earleir this year (Speaker's office)

Thus, said House Speaker Martin Romualdez, the President’s top ally in the legislature.

"President Marcos's silent hard work on uplifting the economy is beginning to work. The economic expansion in the months of July to September 2022 is proof of that," Romualdez said in a statement Thursday, Nov. 10.

"I myself witnessed how the President engaged business stakeholders here and abroad with the purpose of moving forward from ravages caused by the Covid-19 pandemic," the Leyte 1st district representative said.

"Truly our mindset is now in the endemic phase in terms of our economic strategy. The House of Representatives will follow through with this emerging policy so we may build on this economic growth. The Chief Executive has indeed shown us the right direction," added the Lakas-Christian Muslim Democrats (Lakas-CMD) party president.

The Philippine Statistics Authority (PSA) reported on Thursday morning that the Philippine economy grew by 7.6 percent in the third quarter of 2022--the first full quarter of the Marcos administration.

Marcos took over the seat in Malacañang last June 30.

Romualdez is currently in Phnom Penh, Cambodia to accompany Marcos in the 2022 Association of Southeast Asian Nations (ASEAN) Summit.

“It is an honor to represent the entire House of Representatives in the meeting of President Bongbong Marcos with Cambodian business leaders,” Romualdez said.

The Speaker said the House of Representatives supports the Marcos administration's programs to attract more foreign direct investments into the country to revitalize the economy and improve the lives of Filipinos.

“We would study needed refinements in our laws, regulations, and government policies so as to further attract foreign investments and create more jobs for Filipinos,” he said.

Related Tags

economy Ferdinand “Bongbong” Marcos jr. hard work 111022 covid-19 silent efforts 7.6 2022 Martin Romualdez third quarter GDP
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