Inclusive economic growth, corruption top bishops’ Sona wish list

IF IT were up to the bishops, they would put premium on how the government will address the absence of inclusive economic growth as well as the continuing efforts to combat corruption in the forthcoming State of the Nation Address (Sona) of President Benigno Aquino III.

In separate interviews, several members of the Catholic Bishops Conference of the Philippines (CBCP) opined that these two issues are in need of the President’s immediate attention and should be included in the Sona.

According to Cubao Bishop Honesto Ongtioco and Sorsogon Bishop Arturo Bastes, there is no doubt that the issue of economic growth not being felt by common Filipinos should be addressed since many continue to be poor despite the administration’s harping of the improving economy. Read more

Traders await Sona economic program

BUSINESS leaders in Cebu are hoping to hear significant developments as President Benigno Aquino III delivers his State of the Nation Address (Sona) on July 22.

Although, Aquino has already done a “great job” in uplifting the Philippine economy, Cebu Chamber of Commerce and Industry president Lito Maderazo is hoping his Sona will address the country’s competitiveness by initiating amendments on certain economic provisions of the Constitution.

“(President Aquino), in his three-year term, was able to bring major changes in the government in the areas of transparency and accountability. This is the reason why business confidence among investors is high,” said Maderazo. Read more

Economy up 7.8% in first quarter

MANILA (2nd Update, 11:12 a.m.) – The Philippine Statistical Board reported a 7.8 percent growth in the country’s economy for the first quarter of 2013, a 1.3 percent increase compared to year ago data.

The 7.8 percent growth in gross domestic product (GDP) was attributed to the upbeat business and consumer sentiment, and sustained government capital expenditure. Read more