BUILDING ON SUCCESSES, COMMITTED TO FURTHER REFORMS

29 July 2005


Socioeconomic Planning Secretary and NEDA Director General AUGUSTO B. SANTOS at the Press Conference of the Economic Team recently held at the Development Bank of the Philippines Penthouse in Makati City. Santos reiterated the government’s commitment to build on the successes and implement new initiatives that include raising the competitiveness of key sectors such as agribusiness, small and medium enterprises, mining, tourism and ICT (information and communications technology), all of which are laid out in the 2004-2010 Medium-Term Philippine Development Plan. He also said that in the first quarter of 2005, the Philippines recorded a remarkable 4.6 percent growth—higher than that of other oil importing ASEAN countries. In the photo with Sec. Santos (center) is Department of Trade and Industry Secretary Peter B. Favila (left) and Department of Energy Secretary Raphael Perpetuo M. Lotilla (right).nified Multirpurpose ID System.