PH Is Enjoying A Robust Economy Says Top Envoy

by Joseph G. Lariosa

CHICAGO (JGL) – The Philippines is enjoying a robust economy buoyed by an improving peace and order in the country, according to Philippine Ambassador to the United States Jose L. Cuisia, Jr.

In a talk before his fellow alumni at the 20th anniversary celebration of the La Salle Philippines Alumni Association (LSPAA) in Crystal City, Virginia over the weekend, Ambassador Cuisia said,  “The economy is up, with economic growth registered at 6.4 percent for the second quarter of 2014, that’s up from 5.6 percent for the first quarter.”

He cited the observation of the World Economic Forum that based on its Global Competitive Report for 2014-15, the Philippines has jumped the “rankings of the World Economic Forum’s (WEF) Global Competitive Report for 2014-2015 by seven places to be ranked 52nd out of 144 countries.  This is no small feat, with the WEF noting that the Philippines has achieved the largest jump in rankings since 2010.”

Cuisia also noted that “the political and security fronts” are now on course to ensure stability as the Bangsamoro Basic law is being refined to end the decades-long Muslim separatist movement in Mindanao.

He also optimistic that the territorial dispute by the Philippines with China that is pending before the United Nations arbitral tribunal will further contribute to further stability in the Asian region.

“This also means that our friends and family at home have a better chance at a brighter future where there is greater security and more opportunities to create a future of peace and prosperity.”

“And more importantly, if you are planning to return home, either for vacation or for good, you will see a new and developing Philippines,” Ambassador Cuisia said.

In his remarks, Ambassador Cuisia also paid tribute to the LSPAA for actively supporting the One La Salle Scholarship Fund, which aims to give full scholarships to 20 percent of La Salle students all over the Philippines, and for its Calamity Relief Programs what will help rebuild classrooms damaged by Typhoon Haiyan.



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