First 2 years of Aquino Administration

[poorprince]

TPLEX expressway, CALA expressway , MRT-7 edsa to sjdm , LRT 1 extension baclaran to bacoor, airports upgrade, pagcor city, Northrail project-PNR , Navy-Airforce-coast guard upgrade, skyway extension, north south expressway skyway link anu pa ba? trabaho pa sana...

alin kaya ang unang makikita natin bago matapos termino ni Pnoy???

pagnagawa lahat yan bow ako sakanya hehehe

Would have been great if the government spends on other important areas of the country, not just metro manila. Yes, the infrastructure developments in the capital are good, but so-so dito sa visayas and mindanao. I agree with one of the posters here who said parang naka cruise control lang ...

[CVT]

When it says nine-year high(2003),- then pasok ito sa term ni GMA,- sumabit nga lang later....

I hope that this time, we can be upgraded again in the next evaluation to be "investment grade" level...

Again,- hopefully, we can sustain the growth and confidence level with these investments, as the current push could stall and fall flat on our faces. We are not spending that much to buoy up the domestic economy,- we should in a short while and in the right projects/places.....

S&P Raises Philippines

S&P Raises Philippines’ Credit Rating to Nine-Year High
By Karl Lester M. Yap - Jul 5, 2012 12:01 AM GMT+0800

The Philippines’ debt rating was raised to the highest level since 2003 by Standard & Poor’s, taking President Benigno Aquino nearer his goal of attaining investment grade.

The nation’s long-term foreign currency-denominated debt was raised one level to BB+ from BB, S&P said in a statement yesterday. That’s one step below investment grade and on a par with neighboring Indonesia. The outlook on the rating is stable.
Philippines' Credit Rating Should Be Upgraded

June 14 (Bloomberg) -- Ray Farris, chief strategist for Asia-Pacific fixed income at Credit Suisse Group AG in Singapore, talks about the outlook for the Philippine's sovereign credit rating, and global rating agencies' criteria. He speaks with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)

“The foreign currency rating upgrade reflects our assessment of gradually easing fiscal vulnerability,” Agost Benard, a Singapore-based analyst at Standard & Poor’s, said in the statement. “The rating action also reflects the country’s strengthening external position, with remittances and an expanding service export sector continuing to drive current- account surpluses.”

Emerging nations from Brazil to Indonesia have won credit- rating upgrades in the past year as governments contained budget deficits. A higher assessment for the Philippines will help Aquino as he moves to boost spending to a record this year and seeks $16 billion of investment in roads, bridges and airports to shield the economy from Europe’s sovereign-debt crisis.

The peso is up 4.8 percent against the dollar in 2012, the best performer in a basket of 11 major Asian currencies tracked by Bloomberg. The Philippine Stock Exchange Index climbed to a record this week. The benchmark seven-year bond yield fell to the lowest in at least two months yesterday.
‘Very Positive’

S&P’s recognition of the nation’s strong external position, growth prospects and improving fiscal sector adds fundamental support to the market, Bangko Sentral ng Pilipinas Governor Amando Tetangco said yesterday after the ratings action.

Moody’s Investors Service boosted its outlook on the Philippines to positive in May, citing improving debt levels. Fitch Ratings raised the country’s debt to one step below investment grade in June 2011.

S&P’s move is “very positive because it promotes the country’s macroeconomic and fiscal context,” said Fitz Aclan, who helps manage 850 billion pesos ($20.4 billion) at Manila- based BDO Unibank Inc. “There could be some upward movement for our sovereign bonds, even our local bonds. This will also be positive for equities.”

Aquino plans to narrow the budget shortfall to 2 percent of gross domestic product by 2013 from a target of 2.6 percent this year. The government has stepped up efforts to catch tax evaders and smugglers, and has drawn up bills aimed at increasing revenue to narrow the fiscal deficit.

“We expect further rating improvements will likely be driven by either our appraisal of improving political and institutional factors or by evidence of a sustainable structural revenue improvement,” S&P said. “Conversely, we may lower the ratings if the government’s commitment to fiscal consolidation weakens, resulting in rising debt, or if the external liquidity position deteriorates significantly.”

The $200 billion economy grew 6.4 percent in the first quarter, the fastest pace since 2010. Aquino is aiming for an expansion of as much as 8 percent annually to cut poverty.

To contact the reporter for this story: Karl Lester M. Yap in Manila at kyap5*bloomberg.net

To contact the editor responsible for this story: Stephanie Phang at sphang*bloomberg.net

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[timrev]

First 2 years of Aquino Administration para sa province di ganun ka-OK...dapat pansinin nya din talaga ang mga taga probinsya
i like the TPLEX project madaming matutulungan taga province if natapos yan

but in mindanao still problem nila ang kakulangan sa koryente wala kasi ako nabalitaan gagawa ng new power plant dun meron b?
sa visayas ba? katsikot jan ..,

sa agriculture di parin ok hirap parin kami sa rice, corn, banana, mango farm namin...malaking subsidies sana sa kagamitan sa bukid

[chua_riwap]

Sona sa monday. Baka naman si Corona pa rin topic sa speech nya or GMA pa rin titirahin nya. Sana maiba naman. Laging ganun na lang.

Ilatag nya achievements nya, his plans on peace & order, economy, power shortage, environment, education, etc, etc.

Hwag n nya idamay lovelife nya. La tayo pakelam dun.
Isama kaya nya China sa speech nya?

[shadow]

Isama niya si pulis patola


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[Altis6453]

I wish the President would address:

1. Efforts to address rising criminality

2. Strengthening the military to protect our territorial claims

3. Efforts to address a looming power crisis in the countryside

And while he's at it, admit to the general public that certain programs didn't work, like PPP, etc.

[Monseratto]

Sona sa monday. Baka naman si Corona pa rin topic sa speech nya or GMA pa rin titirahin nya. Sana maiba naman. Laging ganun na lang.

What else is new?

[oliver1013]

Ok lang yan isama si GMA..para madikdik lalo pati si FG..

[greenlyt]

^ well kung mapakulong niya si GMA, major achivement na yun

[Ry_Tower]

May plunder case na kay GMA due to the PCSO intel funds scam. Surely it will be in the SONA.

Sana ma-address din addt'l gove't spending for infra and agri para tumaas pa GDP.