News Flash

September 05, 2015, Saturday
  • Maynilad announces water supply interruptions in some of its service areas on Thursday & Friday next week. 16 hours ago |
  • 1 of 2 men who fell off Magallanes flyover while on board a motorcycle declared dead on arrival at Pasay City Gen. Hospital. 16 hours ago |
  • PNP HPG asks LGUs in areas along EDSA to deploy 1 cop & 1 investigator at ‘choke points’ in case accidents happen. 16 hours ago |
  • Bike lanes along EDSA being installed. 16 hours ago |
  • White Plains shooting suspect Jose Maria Abaya identified by new complainants in a 3rd shooting spree in Caloocan City. 16 hours ago |
  • PNP HPG increases the number of its members to man traffic at EDSA on Monday from 90 to 150. 16 hours ago |
  • Sen. Drilon to ask LP to immediately convene and approve its vice presidential candidate for 2016. 16 hours ago |
  • Sen. Franklin Drilon believes Sen. Grace Poe will run for president in 2016. 17 hours ago |
  • Mother of death convict Maryjane Veloso claims Consul General Roberto Manalo is causing a rift between her & her daughter. 17 hours ago |
  • Celia Veloso says her daughter Maryjane who is in Indonesia’s death row is angry with her for criticizing PH gov’t. 17 hours ago |
  • Suspect in fatal shooting of a man in Quiapo, Manila nabbed. 17 hours ago |
  • Suspect in the slay of DepEd official’s wife & maid in Sta. Ana, Manila denies involvement in the crime. 17 hours ago |
  • Suspect in a double murder case in Sta. Ana, Manila to undergo inquest proceeding. 17 hours ago |
  • 3 vendors killed in a shooting incident in Marawi City. 17 hours ago |
  • 50 more lawmakers to face charges in connection to PDAF scam. 17 hours ago |
  • Firearms of retired and suspended policemen to be subjected to inventory. 17 hours ago |
  • QCPD Station Commanders ordered to go on weekend duty. 17 hours ago |
  • PNP Chief Ricardo Marquez asks mall owners to give PNP prior notice on mall sale. 17 hours ago |
  • 2 victims rushed to hospital after the motorcycle they were riding fell off Magallanes flyover in Makati City. 17 hours ago |
  • Bayan says gov’t to pay P7.5B in penalty charge to consortium operating LRT 1 due to unfulfilled contract obligations. 17 hours ago |
  • Passengers observe MRT 3 trains’ aircon & engine are frequently turned off at some stations which cause more travel delays. 18 hours ago |
  • LRT 2 commuters stand in long lines at train stations to pay for single-journey tickets each time they take rides. 18 hours ago |
  • Lack of beep cards with stored value still plagues LRT 2 operations weeks after magnetic cards were phased out. 18 hours ago |
  • Coloma says President Aquino still trusts Customs Commissioner Bert Lina. 22 hours ago |
  • 2 rebels arrested following an encounter between soldiers & NPAs in Camarines Sur. 22 hours ago |
  • DOTC says drivers in Metro Manila should refrain from committing traffic violations such as swerving & counter-flowing. 22 hours ago |
  • DOTC attributes heavy traffic congestion in Metro Manila to motorists' lack of discipline. 22 hours ago |
  • Complainant Gerry Dionisio says Jose Maria Abaya had fired upon his Kia pick-up along TPLEX in June this year. 22 hours ago |
  • Another previous victim of White Plains shooting suspect Jose Maria Abaya surfaces. 22 hours ago |
  • DPWH to reclaim 1.5 meter of sidewalk along Edsa currently being occupied by illegal vendors. 22 hours ago |
  • DPWH to set up yellow delineators from Edsa-Munoz to Edsa-Roxas Blvd. to separate lanes for public & private vehicles. 22 hours ago |
  • Death toll in accident on Wednesday involving a 10-wheeler truck in Barangka, Marikina rises to 3. 23 hours ago |

PH a ‘rising tiger’ economy — WB exec

By MST News | Feb. 06, 2013 at 12:01am
Davao City — World Bank country director Motoo Konishi said Tuesday the Philippines was no longer the “sick man of Asia” but a “rising tiger” economy.

“The administration has demonstrated that good governance is good economics,” Motoo said during the closing ceremonies for the 2013 Philippine Development Forum.

Forum in the south. President Benigno Aquino III confers with Finance Secretary Cesar Purisima during the Philippine Development Forum at the Marco Polo Hotel in Davao City.

President Benigno Aquino III said he was aiming for “growth that leaves no one behind” during the last three years of his administration.

“Development must be inclusive...There are some who wonder if our reforms will only work in the short term. They fear there may be a deadline—a limit to the success we’re experiencing,” Mr. Aquino said.

“I have no such fear because I have always had faith in our bosses: the Filipino people. Today, change is tangible—from the thousands of new classrooms, to the new businesses setting up shop, to the tourists who continue to flock our shores.”

The government last week reported that the economy grew by 6.6 percent, exceeding its target of 5 percent to 6 percent.

But the Commission on Population on Monday said last year’s economic expansion was a “jobless growth” and warned that the young population contributed to a high dependency ratio in which an average of 61 people depended on 100 working individuals.

Popcom Deputy Executive Director Rosalinda Marcelino said the real dependency ratio could be higher because not all of the 61 were employed.

“The average Filipino family is poor and suffering from all kinds of illnesses because of nutrition problems and environmental hazards,” Marcelino said.

“The rapid increase in the labor force is a challenge to employment. Even if the economy is growing, it is still a jobless growth.”

Motoo said the government must increase public spending from 2.6 percent of the gross domestic product to 5 percent by 2016 to achieve inclusive growth.

He said that, over the next three years, the Aquino administration must be able to address a ballooning unemployment rate that was expected to hit 14.6 million people.

“For the next three years, the government must improve the environment for the private sector to create jobs especially in the areas of agriculture and tourism,” Motoo said.

Mr. Aquino said his administration was now at a “critical juncture” to ensure that inclusive growth was sustained beyond 2016.

“2016 represents a deadline of which I must always be mindful,” he said.

“We want to make the most of this time to build on what we have achieved, improve where we are lacking, and fulfill our promises to our people—towards attaining inclusive growth, sustainable progress and greater peace and stability.”
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