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PIA Press Release
2006/10/03

Gov't intensifies call for changes in political system

By Rose B. Palacio

Davao City (3 October) -- President Gloria Macapagal-Arroyo has intensified her call for an overhaul of the country's political system, citing the growing business confidence in efforts to amend the Constitution.

This confidence is founded on solid economic fundamentals and growing political stability, the President said.

The Charter Change efforts represented the clear road map for pushing the driving forces of economic growth and mitigating its impediments.

The President along with Press Secretary Ignacio Bunye expressed support for the concerns of the business sectors on the so-called external factors that have contributed to the "residual pessimism" amid the backdrop of skyrocketing costs of basic commodities whenever prices of oil products increase.

The President, Bunye said, has assured that the Administration would implement a mitigation strategy that would deal with the economic threat over the long haul.

There is no way for the Philippines but up and forward, Secretary Bunye said. Aside from pushing for political reforms, the President also focused on developing the different super regions in the country to maximize its economic potentials.

The Administration plans to adopt its own energy exploration program as part of a long-term strategy to mitigate the impact of oil prices in the world market, Bunye said. (PIA-XI) [top]

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