Aquino cites good governance in achieving sustainable progress and development

February 3, 2012 10:49 pm 

MANILA, Feb. 3 — President Benigno S. Aquino III stressed the importance of implementing good governance in pursuit of real and sustainable progress in the country and the people as he warned those who are still living in deceit and corruption to be ready to face the consequences of their malevolent acts.

In his speech during the 65th anniversary celebration of the Development Bank of the Philippines (DBP) at the Penthouse of the Bulwagan ng Diwang Pilipino, DBP Head Office in Makati City on Friday, President Aquino expressed the unyielding and intensified efforts of the government to go after unscrupulous public servants who are getting wealthy at the expense of the Filipino people.

“To those who might still be holding on to their ways despite my expressed direct order to thread the straight path, please do not test me… I can be a patient man but my patience has its limits especially for those who stand as obstacles to reform,” the President said.

“Keep this in mind especially for the next year, which will be more challenging and more important, we will be continuing our pursuit… conviction and punishment of those who have done wrong and we will make certain that the fruits we have picked along the path of good governance redounds in tangible ways to the benefit of the Filipino people,” he said.

President Aquino cited the acceptable results of good governance that could promote the influx of more investors in the country resulting to more jobs and economic opportunity for the people.

“Good governance pays dividends… it fosters confidence in our institutions attracting more investors in establishing a system of predictable outcomes and stability,” the President said.

“Those who fall in line, follow the rules and work hard will get their goals… those who break the law will be held accountable. All of us must strengthen our efforts at good governance… on your shoulders lies the fate of the development projects for our countrymen,” he stressed.

The Chief Executive, together with Finance Secretary Cesar Purisima, led the celebration of the state-owned Development Bank of the Philippines’ anniversary rites.

During the event, DBP president and chief executive officer Francisco del Rosario Jr. reported on the new DBP initiatives designed to increase its assistance to various priority thrusts of the Aquino administration. This includes the Connecting Rural and Urban Intermodal Systems Efficiently (CRUISE) program, which is the bank’s response to the national government’s efforts to promote increased investment in the transport infrastructure.

With a budget allocation of P20 billion, it is aligned with the Philippine Development Plan 2011-2016 for infrastructure investments.

Other DBP projects include the Tree-Planting Financing Program (TPFP) and Financing for Public Basic Education (FPBE), among others.

The DBP officials and Board of Directors, assisted by Purisima, also presented to the President the symbolic check bearing the P4-billion dividends to the national government. The actual check will be given to the government during the Government-Owned and Controlled Corporations (GOCC) Governance Day on Feb. 6, Monday.

Forty one scholars representing the 458 DBP student scholars for the school year 2011-2012 under the DBP Endowment for Education Program (DEEP) were also presented. (PNA) RMA/PCOO/ssc


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