Presidential Communications Operations Office



  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Friday, 18 October 2019 News Before 1 Feb 2012. Click for Latest
Web PIA  
 
home
 
about
 
fotos
 
info
 
links
 
ncrr01carr02r03calmimr05r06r07r08r09r10r11r12r13
 << October 2019 >> 
S M T W T F S
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31
Special News Editions:
English.Tagalog.Cebuano
Ilocano.Waray.Hiligaynon
Pangasinan.Other
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
Visitors since 15 Feb 2011:
PIA News Archive:
English.Tagalog.Cebuano
Waray.Hiligaynon.Ilocano
Pangasinan.All
PIA Archive News Reader

PIA Press Release
2007/09/01

PGMA brushes aside skepticism over growth figures on economy

Manila (1 September) -- President Gloria Macapagal-Arroyo brushed aside today the doubts voiced by some quarters over the country's economic growth figures, saying that "statistics from the National Statistical Coordination Board (NSCB) shows that our economic road map is unfolding as it should and on schedule."

The President issued the statement upon her arrival this morning from a two-day trip to Kuala Lumpur to attend Malaysia's 50th Hari Merdeka or Grand Independence Day celebration.

"The statistics from our National Statistical Coordination Board (NSCB) shows that our economic roadmap is unfolding as it should, and right on schedule," she said.

From a Third World country, the Philippines is on its way to becoming a First World nation, the "only journey worth taking," she added.

"Our Gross Domestic Product (GDP) growth shows that we can prosper, and that, in fact, we are on our way to better times, as long as we stay on course and fight poverty as Team Philippines," the President said.

NSCB figures showed that the gross domestic product (GDP) -- or the value of goods produced and services rendered, not including income from abroad -- rose by 7.5 percent during the second quarter of 2006, bringing to 7.3 percent the average growth in the first quarter.

The April-June 2007 GDP growth stands out as the fastest in 20 years.

Garbed in a cream business suit, the President was met at the Ninoy Aquino International Airport (NAIA) Centennial Terminal II by Malaysian Ambassador to the Philippines Ahmad Rasidi Hazizi, Armed Forces of the Philippines (AFP) chief of staff Hermogenes Esperon and the three major service branch commanders, Police Director General Oscar Calderon and Executive Secretary Eduardo Ermita.

The President, whose first meeting in Kuala Lumpur was with members of the Filipino community there, said Filipinos in Malaysia "expressed optimism that soon they can come home to a better country and a brighter future."

"Malaysia and some of our other neighbors have shown us that this can be done," the President said, as she called "on our people and their representatives in Congress to work for progress and unite for peace, so that finally we can leave the chains of poverty and political instability behind us." (PIA) [top]

|«  prev  next  »|
DAILY NEWS LIST:
»1,829 East Visayans benefit from PGMA training-for-work scholarship program
»TESDA, 13, continues to give Filipinos competency to become world-class workers
»New attractions in PTA Park
»Davao Norte intensifies rabies drive
»DavNor aims to develop vegetable bowl with new road
»Tech-voc gives high chance for employment
»1st Leyte Business Month celebration slated this October
»Gov't agencies collaborate plans to mitigate hunger incidence in Visayas
»NAPC urges Eastern Visayas LGUs to implement CBMS
»PDCC recommends relocation of houses in Bontoc barangay
|«  prev  next  »|

Philippine Official Gazette | Office of the President | Presidential Communications Operations Office
For comments and feedback, please email PIA Newsdesk
Copyright © 2005 Philippine Information Agency
PIA Building, Visayas Avenue, Diliman, Quezon City 1101 Philippines