Philippine Economic Briefing on February 13, 2013

The Philippine Economic Team-- led by the Finance Secretary-- and the Bangko Sentral ng Pilipinas to hold The Philippine Economic Briefing on Wednesday, February 13, 2013
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Feb. 11, 2013 - PRLog -- Eleven Cabinet Secretaries of President Benigno S. Aquino III’s Cabinet and the Governor of the Bankgo Sentral ng Pilipinas will meet with key stakeholders of the Philippine Republic on today (February 13, 2013) for the Philippines’ Year-End Economic Briefing, focusing on the country’s economic transformation and journey toward investment grade status.

With the theme “Good Governance is Good Economics: Achieving Investment Grade Status,” the briefing of the economic policy-makers
will report on trhe performance of the economy last year and discuss the country's quest to attain investment grade status. The Philippines is rated one notch below investment grade, having gained 10 rating upgrades with S&P, Moody's and Fitch since 2010. The government is hoping to obtain the investment grade rank within this year.

“We believe that this briefing provides a good venue for all our stakeholders to meet economic policy-makers face-to-face and get an
update on the economy and the sectors as well the Philippines’ journey towards investment grade. Key policy-makers and heads of agencies will attend this briefing. We hope that this update will give our stakeholders better inputs to help them in planning and, on the other hand, for Government officials to get feedback,” said Claro Fernandez, Executive Director of the BSP’s Investor Relations Office. The BSP IRO is organizing the economic briefing which is held twice a year.

The briefing is at the Philippine International Convention Center (PICC) in Pasay CIty and starts at 9:00 a.m. (Manila Time). This Briefing is open to the public and seats are on first-some-first-served basis.  The Briefings of the IRO are attended by members of the business community, investors, diplomatic corps, academe, media and other stakeholders of the Republic.

To access the streaming video of the Briefing, please visit

Materials to be distributed for this Economic Briefing are now available for download at
Presentation 13Feb13.pdf. These are materials from various economic agencies including the National Economic and Development Authority, Bangko Sentral ng Pilipinas, Department of Finance, Department of Budget and Management, Department of Trade and Industry, Department of Agriculture, Department of Transportation and Communications, Department of Department of Public Works and Highways Department of Energy, Department of Tourism, Public-Private Partnership Center.

For this Briefing, the Republic has assembled two panel discussions.

First panel discussion will focus on the following:
1. Transformation of the various sectors since June 2010.
2. Performance in 2012 in comparison to targets set in the Philippine Development Plan. The achievements of the sectors in 2012.
3. Contribution of the sectors to growth in 2013 and the Republic’s goal of investment grade credit rating.
4. Mindanao holds a lot of promise for the overall growth and development of the entire economy because of its size, population base and its rich natural resources. But the island’s potentials have not been fully translated into sustained socioeconomic growth. The peace dividends and policies aimed at harnessing Mindanao’s growth potentials.

This panel will be composed of the following:
• DOTC Secretary Jose Emilio Abaya
• DPWH Secretary Rogelio Singson
• BSP Governor Amando M. Tetangco, Jr.
• NEDA Secretary Arsenio Balisacan
• DTI Secretary Gregory Domingo
• DOE Secretary Carlos Jericho Petilla
• NCC Co-Chair Guillermo Luz
• Narra Venture Capital Managing Partner Francisco Sandejas
• Abotiz Equity Ventures President and CEO Erramon Aboitiz

For the second panel discussion, the focus is on the following:
1. Improvements and challenges in Governance since 2010.
2. The focus in the sectors for 2013.
3. Sustaining and institutionalizing good governance becomes across
the bureaucracy (i.e. national level to local level) till 2016 and beyond.

This panel will be composed of the following:
• DBM Secretary Florencio Abad
• DOT Ramon Jimenez, Jr.
• DA Secretary Proceso Alcala
• Cabinet Secretary Jose Rene Almendras
• DOJ Secretary Leila De Lima
• BIR Commissioner Kin Jacinto-Henares
• BOC Commissioner Rozzano Rufino Biazon
• SEC Chairperson Teresita Herbosa
• Communications Secretary Ricky Carandang

Other Government resource persons who have confirmed to attend the Economic Briefing:

1. DOF Secretary Cesar Purisima, who will be doing the closing remarks.
2. PPP Center Executive Director Cosette Canilao
3. Mindanao Development Authority (MINDA) Director Romeo Montenegro
Source:Investor Relations Office
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Location:Manila - Metro Manila - Philippines
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