Pascual keen to develop domestic health industry

Pascual was reacting to the challenge by Senator Pia Cayetano, author of the CREATE Law, if DTI would be open to creating an investment environment, such as tax incentives, for the health industry to flourish.

Pascual explained at the briefing that the health industry falls under the third pillar for the DTI 2022-2028 plan on health and life sciences, which includes healthcare services and various health products requiring investments for the establishment of healthcare facilities. Pascual assured Cayetano that DTI definitely welcomes any tools to facilitate establishments of enterprises in these industry clusters that we have identified. Pascual, who believes that only by industrialization that the country can produce higher quality and higher paying jobs.

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Can domestic savings cover the country’s increasing investment needs? - BusinessWorld OnlineIn the second quarter of 2022, the country’s savings rate — gross domestic savings as share of gross domestic product — reached 13.7% (P685 billion) while investment rate stood at 27.7% of GDP (P1.383 trillion), resulting in a P699 billion deficit. READ: Future borrowing will finance this gap.
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