The Philippines has taken off and recovered from the “fall” of the aviation industry, President Aquino claimed Wednesday, citing the International Civil Aviation Organization’s recent lifting of the “significant safety concerns” tag on the country.
The International Civil Aviation Organization (ICAO), a regulatory body under the United Nations, has officially lifted its significant safety concerns (SSC) grade on the Philippines, paving the way for the eventual return of Philippine carriers to Europe and the resumption of their expansion in the United States.
Hounded by criticism that economic growth has not resulted in jobs, President Aquino said on Tuesday that jobs have always been available, but that job applicants have not been able to provide the skills required for employment.
Living up to President Aquino’s advance information that the numbers would impress, the Philippine economy expanded 6.8 percent in the fourth quarter of 2012, lifting full-year growth to 6.6 percent.
Malacañang on Monday cheered the surge in the Philippines’ ranking among the world’s freest economies, calling it proof of the country’s “continued improvement” in governance.
After hours of meeting, President Benigno Aquino III and his Cabinet approved, on Thursday night, 11 infrastructure projects worth more than P100 billion, including a key project connecting the North Luzon Expressway with the Southern Luzon Expressway and the Cavite-Laguna Expressway.
After lying idle for years, the sprawling Food Terminal Inc. (FTI )complex in Taguig City will soon be developed into a commercial business district.
President Benigno Aquino III has signed an executive order identifying four new areas, including real estate and health care, which are totally or partially off-limits to foreign investors.
Malacañang blamed local government units for the two-notch drop in the country’s global ranking in the ease of doing business, but doubted this would deter investors.
President Aquino on Thursday ratcheted up business’ interest in the future Moro homeland Bangsamoro, saying it offers more areas for development, as he expressed confidence an “enduring peace” in Mindanao was within sight.
President Benigno Aquino is upbeat about the prospects of the future Moro homeland in Mindanao, Bangsamoro, especially as a hub of information technology (IT) and business process outsourcing (BPO) companies.
The Philippines, riding on a 5.9-percent economic growth in the second quarter and a phenomenal surge in global competitiveness, is poised to post a 6 percent economic growth for the year, President Benigno Aquino said Wednesday.
