Philippines ranked first among ASEAN countries



Malacañang on Thursday, June 8, welcomed the report saying that the Philippine manufacturing sector now tops ASEAN countries.

According to Nikkei ASEAN Manufacturing Purchasing Managers’ Index (PMI), the country’s manufacturing sector scored 54.3, indicating a solid increase in output for the month of May.

“As a result, the Philippines has ranked first among ASEAN countries in the manufacturing sector, replacing Vietnam as stronger performer in this sector,” Presidential spokesperson Ernesto Abella said.

“We’d like to attribute this to the strong economic fundamentals also of the Philippines,” he added.

Joining Abella during the press briefing was Irene Santiago, the chairperson of the Government of the Philippines Implementing Panel for the Bangsamoro Peace Accord.

Santiago reported that the Bangsamoro peace process is on track and that the Bangsamoro Transition Commission (BTC) has approved the final draft of the Bangsamoro Basic Law.

Several organizations and groups such as the Autonomous Region in Muslim Mindanao, the International Committee of the Red Cross, as well as the Bangsamoro Development Agency, were able to send food, medicines, and other humanitarian aid, she said.

“So the idea of the peace corridor is really a safe passageway to save lives, whether it’s trapped civilians in Marawi City or opening a passageway so that food and other medicines and other assistance can come through,” Santiago said.




Source:  pcoo.gov.ph

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