The Department of Trade and Industry (DTI) has vowed to attract more foreign direct investments to maintain momentum amid the improving gross domestic product.

On Thursday, the Philippine Statistics Authority reported that the country’s economy grew 5.4 percent in the first three months of the year, faster than the 5.3 percent GDP growth posted in the same period last year.

National statistician, PSA Undersecretary Dennis Mapa, disclosed that the GDP improved 1.2 percent on a quarter-on-quarter basis.

With this, Trade Secretary Cristina Roque said the latest GDP figures reflect the Philippine economy’s robust resilience, fueled by strong consumer spending and the dynamic contributions of our industries.

“The DTI recognizes this growth as a testament to the dedication of Filipino businesses and consumers, and we are committed to building on this momentum through strategic initiatives that prioritize inclusive and sustainable economic expansion,” she said.

Focused on higher investments

She stated that the government remains focused on attracting high-quality investments in key sectors, ensuring consumer protection, and empowering micro, small and medium enterprises and local industries.

“We are actively fostering a business-friendly environment that drives innovation, generates quality jobs, and enhances Philippine products and services’ local and global competitiveness. By expanding market access, streamlining processes, and providing targeted support to industries, we aim to ensure that benefits reach all Filipinos,” according to the chief of the Department of Trade and Industry (DTI).

However, Roque said they recognize the current global economic complexities and assured that they are responding with strategic focus and a commitment to open communication.

“The DTI will continue to monitor trends, engage stakeholders, and adapt policies to ensure sustained growth that leaves no one behind. Through a whole-of-government strategy, we are confident in building a resilient and prosperous Bagong Pilipinas,” she said.

Economic managers earlier disclosed that they expect the economy to grow at least 6 percent in 2025.