PNoy to exceed GMA’s feat?

PNS –Citing the high level of public trust and investor confidence, the Aquino administration is confident it could exceed the economic achievement of former president Gloria Macapagal-Arroyo.

Secretary Herminio Coloma, head of the Presidential Communications Operations Office, said the President’s campaign against corruption is also expected to give the economy a much-needed boost.

“Ang pangulo enjoys the clear mandate of the people, mataas din po ang level of confidene ng mga namumuhunan, isinasaayos yung framework para sa public private- partnership, gagawing more efficient ang assessment sa build operate transfer, tinatanggal ang red tape, ang pamahalaan po natin ay transparent, ipinapakita ang processes at procedures, lahat na ito makakatulong for stimulating economic growth,” Coloma said.

“Kaya po malaki ang aming expectations na higit pang lalago ang ekonomiya, and achieve higher growth,” he added.

The political opposition earlier challenged the Aquino administration to follow the lead of his predecessor after no less than the President’s economic managers admitted that Arroyo did a good job in keeping the economy intact.

Finance Secretary Cesar Purisima and Bangko Sentral ng Pilipinas Gov. Amando Tetangco, Jr. acknowledged during a recent budget hearing that the former president was able to keep the economy afloat in the face of the global economic crisis.

Coloma said the economy is seen to get better under the Aquino administration with the entry of more foreign investors. He said the President has received a number of invitations and commitments from foreign investors to do business in the country, which are expected to be finalized in the course of the President’s planned foreign trips.