News Flash

August 01, 2015, Saturday
  • Sen. Poe says those who compare her to an unripe fruit must know this is what consumers prefer since it lasts longer. 2 hours ago |
  • Rep. Erice says Roxas intends to resign from DILG following his announcement of his presidential bid. 2 hours ago |
  • Caloocan Rep. Erice says LP still wants Sen. Grace Poe to run as Roxas’ vice presidential candidate. 2 hours ago |
  • Duterte on Roxas’ presidential bid: “I hope he makes it.” 2 hours ago |
  • Duterte says he is happy for Roxas after he got Pres. Aquino’s endorsement. 2 hours ago |
  • Stricter security measures to be enforced at NBP’s Building 14 where ‘Bilibid 19’ inmates are now detained. 2 hours ago |
  • High-profile NBP inmates ‘Bilibid 19’ returned to Muntinlupa after 7 months of detention at NBI. 2 hours ago |
  • Tropical storm ‘Soudelor’ outside PAR moving west at 20 kph. 2 hours ago |
  • Storm ‘Soudelor’ outside PAR has max. sustained winds of 65 kph & gustiness of up to 85 kph. 2 hours ago |
  • PAGASA says tropical storm ‘Soudelor’ won’t make landfall when it enters PAR on Wednesday. 2 hours ago |
  • Tropical storm with international name ‘Soudelor’ expected to enter PAR on Wednesday. 2 hours ago |
  • Binay & Fmr. Manila Mayor Alfredo Lim among those who sent flowers to Cory Aquino’s tomb. 2 hours ago |
  • Sixth death anniversary of Fmr. Pres. Cory Aquino being remembered today. 2 hours ago |
  • Passenger’s disruptive behavior in Cebupac plane from Dubai forced the crew to make an emergency landing in India. 22 hours ago |
  • Crew of PH-bound Cebu Pacific plane made a Filipino passenger alight from the aircraft after causing commotion & bomb scare. 22 hours ago |
  • Enrile attends Sandiganbayan hearing on pork barrel scam. 22 hours ago |
  • DFA to file third diplomatic protest against Canada over trash. 22 hours ago |
  • Magnitude 3.4 quake jolts Sultan Kudarat. 22 hours ago |
  • DPWH to conduct road reblocking in parts of Quezon City & Pasig at 10 pm Friday. 22 hours ago |
  • UNA admits Pres. Aquino’s endorsement of Roxas has weight. 22 hours ago |
  • Binay visits communities in Cavite. 22 hours ago |
  • Binay says Roxas had been dilly-dallying on his presidential candidacy prior to Aquino’s endorsement. 22 hours ago |
  • Sen. Grace Poe hopes the 2016 election campaign will be about discussions on reforms. 22 hours ago |
  • Sen. Grace Poe congratulates Mar Roxas for getting Pres. Aquino’s endorsement. 22 hours ago |
  • Sen. Grace Poe thanks Pres. Aquino for considering her as among those who can continue his administration’s programs. 22 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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