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The country’s gross domestic product (GDP) growth for the first quarter of 2012, a significant increase from the 4.9% growth the country posted in the same period in 2011. The improvement was attributed to the government's strong infrastructure spending and its conditional cash transfer (CCT) program.
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Rank of the Philippines out of 132 countries in the World Economic Forum’s most recent “Global Enabling Trade Report”, a significant improvement from 92nd out of 125 in 2010. This improvement was attributed to the country’s improved tariff policies and border administration relative to other economies.
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Number of personnel of the Armed Forces of the Philippines (AFP) that will soon be moving into their new homes with the coming completion of 12 condominium buildings at Fort Bonifacio and Villamor Air base, a P700-million housing project under the behest of the Bases Conversion and Development Authority (BCDA).
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Cost of the upgrading of the 35-year old Navotas Fish Port Complex (NFPC). The upgrading of the 47.5-hectare fish port complex is expected to be fully accomplished by 2015.
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Amount allotted by the Bureau of Customs (BOC) to install an online inspection system (OIS) during the second half of the year, a measure that is seen to make all of the X-ray data available in real time.
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Amount released to the National Electrification Administration (NEA), reinforcing the government’s commitment to energize off-grid communities through the Barangay Line Enhancement Project (BLEP) and the Sitio Electrification Project (SEP).
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“Just as we have come together to remove the obstacles along the straight and righteous path, we must continue helping each other in emphasizing our shared message: It doesn’t matter who you are, or what position you hold; if you commit a crime against the people, you will be held accountable.”
- President Benigno S. Aquino III on the conviction of Renato Corona
(Click here to read the full statement)
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“The verdict of the Senate is a step forward in terms of restoring public confidence in our courts, and trust in the members of the judiciary.”
- Deputy Presidential Spokesperson Abigail Valte on the conviction of Renato Corona
(Click here to read the full statement)
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“This event never could have come about if not for the election two years ago of a President who has led us through the straight and narrow path through which law and justice must be applied—both to the common man, and to the high and mighty.”
- Transportation Secretary Manuel A. Roxas on the conviction of Chief Justice Renato C. Corona
(Click here to read the full statement)
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“The President is determined to improve living conditions in impoverished communities, beginning with their electrification.”
- Budget and Management Secretary Florencio B. Abad on the government’s surpassed electrification targets in early 2012
(Click here to read the full statement)
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“The Aquino administration will continue to focus on good governance as the basis for good economics, on fiscal sustainability, on macroeconomic stability and on opening up the country to business and tourism.”
- Finance Secretary Cesar V. Purisima on Moody’s Upgraded Credit Rating Outlook on the Philippines
(Click here to read the full statement)
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"When I came to the Philippines in 2010, I saw signs of change with (President) Aquino. There was a reform momentum, it was getting the investment cycle going again."
- Ruchir Sharma, Head of Emerging Markets and Global Macro at Morgan Stanley and author of Breakout Nations: In Pursuit of the Next Economic Miracles
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“It's going to send a signal to all public servants that transparency's the new rule, that everyone must aspire to be honest and disclose all assets and liabilities.”
- Marites Vitug, author of 'Shadow of Doubt - Probing the Supreme Court', in her interview on Radio Australia's Asia Pacific program
(Click here to read the full article)
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This Week in History
On May 28, 1946 Manuel Roxas took his oath as the third President of the Philippines. He is the last President of the Philippine Commonwealth. Roxas’ tenure as the President of the Philippine Commonwealth only lasted 37 days due to the inauguration of the third republic and the grant of full independence by the Americans to the Philippines. Roxas, however, would continue to hold office as the first President of the third republic, a position he would hold until his death.
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