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PIA Press Release

Commentary: Strong political will to keep economy on the right track

Tacloban City (October 7) -– Ever known for her constancy of purpose and unwavering focus, President Gloria Macapagal Arroyo is determined to summon the political will to keep the country’s economy on the right track.

Resolute in providing a more business-friendly environment, the President signed a string of memorandum orders, including that of lowering the cost of power, in order to boost the country’s business competitiveness.

Included in the memorandum orders signed are those that will improve quality management, enhance the subjects of Science, Math and English in schools, and for the Department of Energy to lower electricity costs.

These are in answer to the recommendations passed by National Competitiveness Summit to wit, competitive human resources, effective public and private sector management, efficient access to financing, improved transaction flows and costs, seamless infrastructure network and energy-cost competitiveness and self sufficiency.

The executive action to improve the business climate in the country, however, must be complemented by Congress’ passing the needed legislation without dilly-dallying because of selfish interest and political considerations.

Congress must bear in mind that while the private sector creates the jobs as the engines of economic growth, it is the responsibility of the government to help invest in the human resources and the institutions of government, and to provide the citizens the tools they need to complete and win in the global economy.

As ever, the focus of the President will be stronger than ever in order to keep the economy in the right track. But it takes the cooperation and support of all the sectors, it takes national unity, to keep the economy surging. (PIA 8) [top]

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