outbrain
Close  

Philippines now open for business – Aquino

/ 04:32 PM July 23, 2012

Members of Congress, dignitaries and guests listen as President Benigno Aquino delivers his third State of the Nation address on Monday. AP

MANILA, Philippines — President Benigno Aquino III declared in his third State of the Nation Address at the Batasan Pambansa Complex Monday afternoon that the country is now truly open for business.

Citing information that the Philippines is now enjoying positive credit, he told the nation that the stock exchange index now no longer went below 5000 from the earlier 4000, drawing him applause from the audience.

ADVERTISEMENT

“Dati tayo ang nangungutang, ngayon tayo na ang nagpapautang. Dati namamalimos tayo ng investments, ngayon dumadagsa,” he added, quoting comments on the Philippines being “Asia’s next tiger.”

He claimed that growth in the economy was reaching the masses through the government’s Pantawid Pamilya program, which has more than 700,000 beneficiaries.

FEATURED STORIES

By 2013, Aquino expressed hope that the government can provide the poor with 3.8 million more housing units.

Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Nation, News, SONA 2012
For feedback, complaints, or inquiries, contact us.
lifestyle

Learning about the ‘Ring of Fire’

January 19, 2020 05:35 AM

sports

Break new ground

January 19, 2020 05:35 AM

newsinfo

A costly, catty dispute finally settled

January 19, 2020 05:26 AM

sports

Winning start

January 19, 2020 05:25 AM



© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.