Aquino to inaugurate renovated Caticlan Airport
Malay, Aklan: President Benigno Aquino III will lead the inauguration of Caticlan Airport on Saturday as part of the government’s thrust to boost the tourism industry in the country.
Upon the President’s arrival he will be welcomed by Inigo and Enzo Garcia, the grandsons of Godofredo Ramos, the father of Aklan. The president will then proceed for the ceremonial lighting of the Caticlan Airport scale model.
The Caticlan Airport development project is an example of public-private partnership (PPP) being spearheaded by the Aquino administration. The development of the Caticlan Airport was done by TransAire Development Holdings Corp., a subsidiary of San Miguel Corp.
Aside from developing the airport, TransAire has initiated a proposal to rename Caticlan Airport calling it Boracay Airport although CAAP has yet to approve it.
Around 200 guests are expected to attend the program consisting of Cabinet members, Aklan local government officials, TransAire and San Miguel Corp. officials and local resort and hotel owners.
Trade Secretary Gregory Domingo, Finance Secretary Cesar Purisima, Transportation and Communication Secretary Mar Roxas and San Miguel Corp president Ramon Ang are expected to join the President during the event.
Other attendees will be Aklan Gov. Carlito Marquez and Malay, Aklan Mayor John Yap. (PCOO)
Malacanang suspends work in government agencies in the National Capital Region
Malacanang announced on Friday the suspension of work in government agencies in the National Capital Region due to tropical storm “Falcon.”
The announcement was made by Deputy Presidential Spokesperson Abigail Valte, following the signing of Memorandum Circular No. 14 by Executive Secretary Paquito Ochoa Jr., declaring the suspension of work.
“We have received word from the Office of the Executive Secretary that Memorandum Circular No. 14 has been signed by Executive Secretary Ochoa suspending work in government agencies in the National Capital Region from 1p.m. (Friday) onwards except in those involved in essential health and emergency duties and delivery of basic services,” Valte said.
Typhoon Falcon caused flash floods in many areas in Metro Manila. (PCOO)
‘Have bigger dreams, aim for higher goals’ --- President Aquino
Angat, Bulacan: President Benigno S. Aquino III urged the Filipinos, especially the youth, to dream bigger and aim higher as he assured full support from the government that would bring them to greater heights.
In his speech during the launching of the Gawad Kalinga Center for Social Innovation (GKCSI) Social Entrepreneurship at the GK Enchanted Farm, Barangay Encanto, Angat, Bulacan on Friday, the President said his administration is pushing for more legislative measures that will help the underprivileged people to have a better quality and higher standard of living.
“Hinihikayat ko ang mga kababayan natin, lalo na ang mga kabataan, na taasan pa ang kanilang mga pangarap — pangarap na hindi nalilimitahan sa pagkakaroon lang ng trabaho paglaki nila; at sa pangarap na di hamak na mas mababa kaysa kaya talagang marating ng husay at talento ng mga Pilipino,” President Aquino said.
“Nandito ang ating administrasyon para tiyakin na sulit ang pagod ng masisipag na negosyante at hindi mababangkarote ang mga Pilipino. Gaya ng pagsuporta ng gobyerno sa social entrepreneurs na tutulong sa pag-asenso ng kanilang komunidad, sinusuportahan din ng ating administrasyon ang mga batas para sa pag-unlad ng maralita nating kababayan,” he added.
The Chief Executive said that gone are the days of hardships in securing permits and other necessary documents required in starting a business. He underscored the full support from the government that could help budding entrepreneurs to achieve and sustain progress in their ventures.
“Nang maupo tayo, agad nating nirepaso ang bulok na sistema. Pinabilis natin ang proseso; pinaikli ang kailangang kumpletuhin na dokumento, at hinikayat natin ang pamumuhunan sa ating bayan,” the Chief Executive said.
“Habang pinapalago ninyo ang punla ng inyong pagsisikap, makakaasa kayong nasa likod ninyo ang gobyerno: handang umalalay sa inyo anumang oras, at gagabayan kayo sa liwanag patungo sa magandang bukas,” he added.
Present during the event were cabinet officials led by Finance Secretary Cesar Purisima, Trade and Industry Secretary Gregory Domingo. Also in attendance were local government executives that include Bulacan Governor Wilhelmino Sy-Alvarado, Congresman JonJon Mendoza, Congresman Arthur Robes, Angat Mayor Gilberto Santos, and Gawad Kalinga Founder and Chairman Antonio Meloto.
The Gawad Kalinga CSI project is a business ecosystem development initiative that aims to build a culture of entrepreneurship in Filipino by engaging the GK network of supporters and partners and by leveraging on the GK community platform.
Its main business is to build socially-relevant and high impact business that will create conducive environments for business to thrive.
CSI started in Ateneo de Manila University’s school of management which was eventually followed in De La Salle University, University of the Philippines and other prominent learning institutions.
There were at least 50enterprises in its pioneer batch and aims to create 500 thousand social entrepreneurs in the near future. (PCOO)
Malacanang welcomes Fitch Ratings upgrade
Malacanang welcomed the announcement by Fitch Ratings upgrading the country’s credit rating by just one notch away from its goal of investment grade.
“We welcome the announcement by Fitch Ratings that it has upgraded the rating of the Philippines from BB to BB+. This upgrade by Fitch comes after Standard and Poor’s November upgrade and the upgrade by Moody’s Investors Service in June,” said Presidential Spokesperson Edwin Lacierda in his statement issued late Thursday.
“This is added recognition for the prudence, zero-based budgeting, and targeted spending efforts of the administration to achieve lasting and inclusive growth,” Lacierda said.
Finance Secretary Cesar V. Purisima said the Fitch upgrade is the 4th positive ratings action in the 11 months of the Aquino administration noting that it is unprecedented in Philippine history.
“We are now just one notch away from our goal of investment grade and we will strive to attain it at the soonest possible time,” Purisima said.
Purisima explained that the Aquino administration’s goal is to get an investment grade status that will further lure investments into the Philippines and lower its borrowing costs.
“This is another affirmation of President Aquino’s agenda and leadership, a concrete and objective vote of confidence that the Philippines is headed in the right direction,” Purisima continued.
The Finance Secretary said the Aquino administration will continue to push for more reforms that promote fiscal sustainability and translate this to inclusive growth toward the fulfillment of President Aquino’s Social Contract to the Filipino people.
Malacanang welcomed last June 15 the move of Moody’s Investors Service in upgrading the Philippines sovereign rating to Ba2 from Ba3 stable outlook saying that President Benigno S. Aquino III had successfully implemented its fiscal sustainability program. (PCOO)
Malay, Aklan: President Benigno Aquino III will lead the inauguration of Caticlan Airport on Saturday as part of the government’s thrust to boost the tourism industry in the country.
Upon the President’s arrival he will be welcomed by Inigo and Enzo Garcia, the grandsons of Godofredo Ramos, the father of Aklan. The president will then proceed for the ceremonial lighting of the Caticlan Airport scale model.
The Caticlan Airport development project is an example of public-private partnership (PPP) being spearheaded by the Aquino administration. The development of the Caticlan Airport was done by TransAire Development Holdings Corp., a subsidiary of San Miguel Corp.
Aside from developing the airport, TransAire has initiated a proposal to rename Caticlan Airport calling it Boracay Airport although CAAP has yet to approve it.
Around 200 guests are expected to attend the program consisting of Cabinet members, Aklan local government officials, TransAire and San Miguel Corp. officials and local resort and hotel owners.
Trade Secretary Gregory Domingo, Finance Secretary Cesar Purisima, Transportation and Communication Secretary Mar Roxas and San Miguel Corp president Ramon Ang are expected to join the President during the event.
Other attendees will be Aklan Gov. Carlito Marquez and Malay, Aklan Mayor John Yap. (PCOO)
Malacanang suspends work in government agencies in the National Capital Region
Malacanang announced on Friday the suspension of work in government agencies in the National Capital Region due to tropical storm “Falcon.”
The announcement was made by Deputy Presidential Spokesperson Abigail Valte, following the signing of Memorandum Circular No. 14 by Executive Secretary Paquito Ochoa Jr., declaring the suspension of work.
“We have received word from the Office of the Executive Secretary that Memorandum Circular No. 14 has been signed by Executive Secretary Ochoa suspending work in government agencies in the National Capital Region from 1p.m. (Friday) onwards except in those involved in essential health and emergency duties and delivery of basic services,” Valte said.
Typhoon Falcon caused flash floods in many areas in Metro Manila. (PCOO)
‘Have bigger dreams, aim for higher goals’ --- President Aquino
Angat, Bulacan: President Benigno S. Aquino III urged the Filipinos, especially the youth, to dream bigger and aim higher as he assured full support from the government that would bring them to greater heights.
In his speech during the launching of the Gawad Kalinga Center for Social Innovation (GKCSI) Social Entrepreneurship at the GK Enchanted Farm, Barangay Encanto, Angat, Bulacan on Friday, the President said his administration is pushing for more legislative measures that will help the underprivileged people to have a better quality and higher standard of living.
“Hinihikayat ko ang mga kababayan natin, lalo na ang mga kabataan, na taasan pa ang kanilang mga pangarap — pangarap na hindi nalilimitahan sa pagkakaroon lang ng trabaho paglaki nila; at sa pangarap na di hamak na mas mababa kaysa kaya talagang marating ng husay at talento ng mga Pilipino,” President Aquino said.
“Nandito ang ating administrasyon para tiyakin na sulit ang pagod ng masisipag na negosyante at hindi mababangkarote ang mga Pilipino. Gaya ng pagsuporta ng gobyerno sa social entrepreneurs na tutulong sa pag-asenso ng kanilang komunidad, sinusuportahan din ng ating administrasyon ang mga batas para sa pag-unlad ng maralita nating kababayan,” he added.
The Chief Executive said that gone are the days of hardships in securing permits and other necessary documents required in starting a business. He underscored the full support from the government that could help budding entrepreneurs to achieve and sustain progress in their ventures.
“Nang maupo tayo, agad nating nirepaso ang bulok na sistema. Pinabilis natin ang proseso; pinaikli ang kailangang kumpletuhin na dokumento, at hinikayat natin ang pamumuhunan sa ating bayan,” the Chief Executive said.
“Habang pinapalago ninyo ang punla ng inyong pagsisikap, makakaasa kayong nasa likod ninyo ang gobyerno: handang umalalay sa inyo anumang oras, at gagabayan kayo sa liwanag patungo sa magandang bukas,” he added.
Present during the event were cabinet officials led by Finance Secretary Cesar Purisima, Trade and Industry Secretary Gregory Domingo. Also in attendance were local government executives that include Bulacan Governor Wilhelmino Sy-Alvarado, Congresman JonJon Mendoza, Congresman Arthur Robes, Angat Mayor Gilberto Santos, and Gawad Kalinga Founder and Chairman Antonio Meloto.
The Gawad Kalinga CSI project is a business ecosystem development initiative that aims to build a culture of entrepreneurship in Filipino by engaging the GK network of supporters and partners and by leveraging on the GK community platform.
Its main business is to build socially-relevant and high impact business that will create conducive environments for business to thrive.
CSI started in Ateneo de Manila University’s school of management which was eventually followed in De La Salle University, University of the Philippines and other prominent learning institutions.
There were at least 50enterprises in its pioneer batch and aims to create 500 thousand social entrepreneurs in the near future. (PCOO)
Malacanang welcomes Fitch Ratings upgrade
Malacanang welcomed the announcement by Fitch Ratings upgrading the country’s credit rating by just one notch away from its goal of investment grade.
“We welcome the announcement by Fitch Ratings that it has upgraded the rating of the Philippines from BB to BB+. This upgrade by Fitch comes after Standard and Poor’s November upgrade and the upgrade by Moody’s Investors Service in June,” said Presidential Spokesperson Edwin Lacierda in his statement issued late Thursday.
“This is added recognition for the prudence, zero-based budgeting, and targeted spending efforts of the administration to achieve lasting and inclusive growth,” Lacierda said.
Finance Secretary Cesar V. Purisima said the Fitch upgrade is the 4th positive ratings action in the 11 months of the Aquino administration noting that it is unprecedented in Philippine history.
“We are now just one notch away from our goal of investment grade and we will strive to attain it at the soonest possible time,” Purisima said.
Purisima explained that the Aquino administration’s goal is to get an investment grade status that will further lure investments into the Philippines and lower its borrowing costs.
“This is another affirmation of President Aquino’s agenda and leadership, a concrete and objective vote of confidence that the Philippines is headed in the right direction,” Purisima continued.
The Finance Secretary said the Aquino administration will continue to push for more reforms that promote fiscal sustainability and translate this to inclusive growth toward the fulfillment of President Aquino’s Social Contract to the Filipino people.
Malacanang welcomed last June 15 the move of Moody’s Investors Service in upgrading the Philippines sovereign rating to Ba2 from Ba3 stable outlook saying that President Benigno S. Aquino III had successfully implemented its fiscal sustainability program. (PCOO)
