Economic team of the Aquino government

Malacanang said the present exchange of ideas and principles between the Executive and Judiciary branches of government has no direct effect in the country’s economic growth as it assured that the economic team of the Aquino government will continue to pursue further efforts to uplift the lives of the Filipino people.

In a press briefing at Malacanang on Friday, Presidential Spokesperson Edwin Lacierda said that even the American Chamber of Commerce (Amcham) was convinced that President Benigno S. Aquino III’s programs in government pertained to abiding by the rule of law and achieving political stability.

He cited an interview with Amcham executive director Jeffrey Woodruff over ABS-CBN News Channel’s “Business Nightly,” where Woodruff told the show’s host, Coco Alcuaz, that rule of law and political stability in the Philippines were among the top concerns of the business community. He said businessmen were pleased with President Aquino’s efforts to fight corruption.

“The American Chamber of Commerce said that it would not affect… the foreign direct investments in the region have generally decreased so the dialogue between the Executive and Judiciary is not in any way a factor in the slow down or in the decrease of foreign direct investments,” Lacierda said.

Lacierda noted the considerable decrease in the unemployment rate in the country despite the ongoing events in the political arena.

“We also just want to let you know that the unemployment numbers have gone down… so, in spite of the discussions between the Executive and the Judiciary, we’ve seen an increase in employment in the country,” Lacierda said.

He also said that the early signing of the General Appropriations Act bearing the national budget for the year 2012 stood proof that more developments would happen in the coming year.

“And because of the early signing of the budget … as we have promised, and as the President have stated, that come January (2012), a full implementation of our infrastructure projects, and that the economic team is devoted and focused on further improving the economy,” Lacierda said, adding that the first Public-Private Partnership project has been auctioned off.

“Whatever is going to happen in the political landscape the economic landscape will not be affected, it will in fact be accelerated with the signing of the 2012 budget… also, we just bid out our first PPP project so tumatakbo po ang ating economy despite of whatever you’re hearing in the political arena,” Lacierda said.

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