Slow growth, Covid-19 delay PHL’s exit from middle income trap

Quick Summary:

SLOW growth and the Covid-19 setbacks suffered by the economy could delay the country’s exit from the middle income trap, according to the National Economic and Development Authority (Neda).

Meanwhile, key legislative measures including the Foreign Investor’s Long-Term Lease Act, amendments to the Right-of-Way Act, the Konektadong Pinoy bill, and the E-Governance Act will be crucial in attracting investments in infrastructure and priority sectors.

Edillon said some of the programs include efforts to boost economic competitiveness which can be done by enhancing operational efficiency and streamline business processes.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: Philippines

Topics: Attaining Growth Edillon Ambisyon Economic Country Middle Neda Development Country’s 2040

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-02 @ 16:03:00 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 682 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 25729897

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 55 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 16 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #37

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