Friday, December 31, 2010

News Update Aquino confident PHL economy to continue to grow in 2011

MANILA, Philippines (PNA) - President Benigno S. Aquino III expressed confidence that the country's economy will continue to grow next year as evidenced by the stringent efforts of the government to uplift the standard of living of the Filipino people. The Chief Executive, in an interview on Thursday following the commemoration of the 114th martyrdom of the country's national hero, Dr. Jose Rizal, at the Rizal Park in Manila said that businesses in the country will continue to grow gradually improving the unemployment and underemployment rate for the better. The President assured that the government has been exhausting necessary steps to expedite processes in totally solving issues that hamper economic growth. For instance, the President cited the expansion of an international relationship management firm in Manila which has five major expansions throughout the country, the newest in San Lazaro near the University Belt. Convergys has provided 20,000 job opportunities for the Filipinos. "If you remember we went to a company called Convergys not too long ago. T

hey opened a new facility in San Lazaro. The first day they had to acquire a new office in addition to the one that they had contracted. From then on, they continue to grow in a period of one month," the President said. "So that I think is a total reference of what we should be expecting," he added. When asked about his new year's resolution, the President said he wishes to maintain good health and gain more strength to pursue more projects for the benefit of the people.