Pres. Aquino returning from the U.S. Tuesday with $ 2.7-B in investments

September 28, 2010 10:55 am 

MANILA, Sept. 27 — President Benigno S. Aquino III returns to the country on Tuesday with US$ 2.7 billion in new investments as he caps his seven-day official business trip to the United States.

In a speech at the Mission Dolores Church Sunday afternoon (Monday morning in Manila) in San Francisco, the President said that after no less than 45 meetings with various business groups, he will bring home billions of dollars in investments in the sectors of power generation, consumer products, business and knowledge processing, process outsourcing, healthcare, garments and leather goods, among others.

“Honestly, I was reluctant to visit the U.S. because foreign travels are expensive and we need to focus on reforms at home,” the Chief Executive said. “My economic managers assured me that this trip will be extremely beneficial to our economy,” he added.

The President expressed optimism on the business proposals from various foreign investors. He said this will boost trade and economic relations between the U.S. and the Philippines.

It will also, according to him, generate employment for Filipinos and additional tax to the public coffer which will redound to improving the living standards of the people.

The Chief Executive said that all the support received during the trip were all geared towards one solitary goal: a Philippines free of hunger, ignorance and poverty.

“We are now in the stage of revitalizing our nation. Time and again, we have proven to the world that if united, nothing is impossible for us Filipinos,” the President said. “Our burning sense of communal responsibility has instilled hope where there was once despair, and together, we are fostering trust in our public institutions once more.”

President Aquino called on Filipinos to be steadfast in their commitment to being loyal servants of God’s will, keeping the desire to have a better home that will be built on the foundation that endures.

The Chief Executive also asked the people to pray for him and the entire nation to forge a future worthy of the next generation. He also urged Filipinos to keep working to stay on the straight path, where peace, progress and prosperity are waiting.

The President is set to arrive at 3 a.m. Tuesday at the Ninoy Aquino International Airport (NAIA) Centennial Terminal 2. (PNA)



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