{"id":11399,"date":"2014-05-21T16:24:27","date_gmt":"2014-05-21T08:24:27","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=11399"},"modified":"2014-05-22T16:26:40","modified_gmt":"2014-05-22T08:26:40","slug":"wef-is-a-chance-to-showcase-phl-growth-story-drilon","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/05\/21\/wef-is-a-chance-to-showcase-phl-growth-story-drilon\/","title":{"rendered":"WEF is a chance to showcase PHL growth story \u2013 Drilon"},"content":{"rendered":"
\"Sen.<\/a>
Sen. Franklin Drilon delivers his speech at the Wallace Business Forum in 2013. Photo by Joseph Vidal\/PRIB via Drilon’s Facebook page.<\/figcaption><\/figure>\n

MANILA -\u2013 Senator Franklin Drilon on Wednesday said the hosting of the World Economic Forum (WEF) on East Asia is an opportunity for the Philippines to showcase to the world the country\u2019s economic growth story.<\/p>\n

\u201dHosting the World Economic Forum (WEF) on East Asia is an opportunity for Filipinos to tell the world about our country\u2019s economic success. This is our moment,\u201d Drilon said in a press statement at the start of the three-day WEF at the Makati-Shangri-La Hotel.<\/p>\n

The Senate leader said the economic forum to be held in the Philippines for the first time is an \u201causpicious venue\u201d to encourage more investors, expand trade activities and attract more tourists in the country.<\/p>\n

\u201dWe shall showcase not just the economic miracle that we are experiencing, but also the government\u2019s massive efforts to improve infrastructure and create an environment conducive for business to flourish as well as a vast pool of excellent human resources, the Filipino\u2019s resilience and indomitable spirit even in the face of heart-breaking natural and man-made calamities,\u201d Drilon said.<\/p>\n

While there is a need to highlight the country economic gains, Drilon said there are much more needs to be done for the Philippines to attain inclusive growth.<\/p>\n

\u201dWe need to create more jobs for our people and ease poverty. Hence, we are taking concrete measures to strengthen our economic fundamentals so as to transform the Philippines into a major investment and tourist destination in Asia,\u201d Drilon said.<\/p>\n

\u201dFor decades, the Philippines had been known as the \u201csick man of Asia\u201d. However, in the last three years or more, we have seen a major change in the country\u2019s economic performance,\u201d Drilon added.<\/p>\n

The Philippines is now the fastest growing economy in the region, next only to China. Last year, the country posted GDP growth of 7.2 percent, much higher than the 6.8 percent posted in 2012.<\/p>\n

\u201dThe impressive economic performance, the investment grade status, improved rankings in global competitiveness surveys, and the overwhelming confidence of the international community in our economy are attributed to the government\u2019s relentless efforts to improve the quality of governance. If not for the various disasters that affected our country, the economic figures could be higher,\u201d Drilon said.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA -\u2013 Senator Franklin Drilon on Wednesday said the hosting of the World Economic Forum (WEF) on East Asia is …<\/p>\n","protected":false},"author":44,"featured_media":9989,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[95],"tags":[188,3250,3486,3495],"class_list":["post-11399","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news-ph","tag-188","tag-franklin-drilon","tag-wef","tag-world-economic-forum","mauthors-philippines-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/11399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=11399"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/11399\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/9989"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=11399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=11399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=11399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}