Saturday, October 5, 2013

Daylight - Good News about the Philippines and Pinoys vol. 3 Issue 35

Wazzup Pilipinas!

These articles are from the Daylight - Good news about the Philippines and Pinoys from the Presidential Communications Development and Strategic Planning Office (PCDSPO).

“Today, we find ourselves at a time where we are cleaning up and strengthening our systems and processes; at a time when we once more face a crossroads—if we choose what is right and what is straight, this is the path that will bring us to true and meaningful change in society. It is my hope that, as a people, we will see today’s destruction of the culture of corruption as part of our goal to achieve inclusive growth.”

-President Benigno S. Aquino III, in the speech on October 2, 2013, where he announced more government-reform initiatives, including sweeping changes in the Bureau of Customs

Click here to read full speech.

“Moody’s Investor’s Service has, today, upgraded the rating of the government of the Philippines by one notch from Ba1 to Baa3. At the same time, Moody’s has assigned a positive outlook to the rating. The factors that prompted the review remain intact, mainly, the sustainability of the country’s (1) robust economic performance; (2) ongoing fiscal and debt consolidation; and (3) political stability and improved governance.”

- Statement of Communications Secretary Ramon A. Carandang on Moody’s Investor’s Service rating upgrade of the government of the Philippines

Click here to read full statement.

“Our commitment to honest and responsible government, as well as our fundamental macroeconomic strengths—such as our structural current-account surplus, stable inflation, and low dependence on foreign debt—serve to differentiate us from other emerging markets that are resource- and export-dependent.”

- Statement of Finance Secretary Cesar Purisima on Moody’s Investor’s Service rating upgrade of the government of the Philippines

Click here to read full statement.

“The Aquino administration joins the Filipino people in congratulating Ms. Megan Young for being crowned Miss World 2013. Over the course of the competition, Ms. Young displayed to the world the beauty, the grace, and the compassionate spirit of the Filipina, and has become a source of great pride and inspiration for the Filipino people.”

- Statement of Communications Secretary Ricky A. Carandang on behalf of the Aquino administration, on the triumph of Ms. Megan Young in the Miss World Pageant

Click here to read full statement.

“With President (Aquino) remaining in power until 2016, we expect positive momentum on fiscal consolidation and an improvement in the business environment to continue supporting overall investment in the economy.”

- Barclays’ Emerging Markets Quarterly report on the Philippines’ robust growth

Click here to read full article.

More Articles by the Numbers:

P26.5-billion - Amount allocated for the construction of an expressway that would connect the North and South Luzon toll road systems. Click here to learn more.

7% - Increase in the Philippines’ growth forecast according to the Asian Development Bank (ADB). This is an upgrade from the original 6-7% forecast in the 2013 Asian Development Outlook. Click here to learn more.

18 billion -Amount earmarked by the Department of National Defense (DND) for two brand-new frigates for the Philippine Navy. The bidding is scheduled to open this week. Click here to learn more.

600 -Number of farmworker-beneficiaries in Barangay Pando in Hacienda Luisita that were awarded their Certificate of Land Ownership Award. Click here to learn more.

5 - Newly appointed Deputy Commissioners of the Bureau of Customs pursuant to the President’s ongoing reforms. Click here to learn more.

Source: PCDSPO

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