Manila: The Philippine economy demonstrated resilience in the first quarter of 2025, bolstered by strong consumer spending and dynamic industry contributions, as reported by the Department of Trade and Industry (DTI) on Thursday.
According to Philippines News Agency, Trade Secretary Ma. Cristina Roque expressed the DTI's commitment to maintaining this momentum, with a focus on inclusive and sustainable growth. The Philippine Statistics Authority (PSA) announced that the gross domestic product (GDP) increased by 5.4 percent in the previous quarter, showing an improvement from the 5.3 percent growth in the fourth quarter of 2024.
"Our priority remains to attract high-quality investments in key sectors, ensure consumer protection, and empower micro, small, and medium enterprises along with local industries," Roque stated. She emphasized the department's efforts in fostering a business-friendly environment that promotes innovation, creates quality jobs, and enhances the competitiveness of Philippine products and services on both local and global scales.
Roque also outlined DTI's strategic priorities, which include expanding market access, streamlining regulatory processes, and providing targeted support to industries. The department is currently negotiating free trade agreements with the United Arab Emirates and the European Union, while also exploring a potential agreement with Chile.
These initiatives aim to ensure that "benefits reach all Filipinos," Roque added. She further mentioned that DTI will continue engaging with stakeholders and adjusting policies as necessary. "Through a whole-of-government strategy, we are confident in building a resilient and prosperous Bagong Pilipinas," Roque concluded.