Wednesday, September 15, 2010

Regional Economic Managers' Dialogue with Pres. Benigno Aquino III


President Benigno S. Aquino III made his first presidential visit to the province of Cebu together with his cabinet secretaries on Wednesday, September 15, 2010.

The President decided to visit the province to get a feel of the local economic situation and discuss with businessmen issues of local concern.

Industry leaders were informed on the economic plans of the new administration and at the same time were provided an opportunity to have a meaningful dialogue with the President.

The five cabinet secretaries who did the economic briefing were Cesar Purisima of the Department of Finance, Gregory Domingo of the Department of Trade and Industry, Cayetano Paderanga, Jr. of the National Economic Development Authority, Gov. Amando Tetangco, Jr. of the Bangko Sentral Ng Pilipinas and Jose Rene Almendras of the Department of Energy.

The briefing in Central Visayas focused on the developments in the priority sectors such as tourism, food supply chain and BPO, among others.

Issues and concerns raised during the dialogue included the P4.404 Billion for infrastructure, enhancement of tourism in Cebu and the region, reduction of fuel and power costs, modernization of the Mactan-Cebu International Airport, establishment of mass transit system, realization of the Panglao International Airport and building of the Cebu-Bohol bridge.

There were more than100 business leaders from Cebu, Bohol, Siquijor and Negros Oriental who attended the dialogue at the Cebu City Marriott Hotel.

He then proceeded to an event organized by the Department of Social Welfare and Development and meet with the beneficiaries of the “Pangtawid Pamilyang Pilipino” Program (4Ps), an ongoing project that assists the poorest of the poor.   During the event, there will be testimonials from beneficiaries in Cebu on how the program has changed their lives for the better. 

President Aquino is also set to go to Davao immediately after his Cebu visit.  The Davao briefing which will be held at the Marco Polo Hotel will focus on agri-business and energy sectors.

Cebu, heart of the islands group known as Central Visayas, is the fastest growing economy in the region. It is powered by manufactured exports, shipping, tourism, and, currently, growth in Information and Communications Technology (ICT) and Business Process Outsourcing (BPO).



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