THE government lauded on Tuesday the upgrade given by Moody’s Investors Service on the country’s credit outlook.
In separate statements, Finance Secretary Cesar Purisima and Budget and Management Secretary Florencio Abad vowed to continue focusing on good governance to ensure another upgrade from Moody’s, which assigned positive outlook to the Philippines from stable.
“This is one more step in our march towards investment grade, towards reducing the gap between the market rating and the credit rating, and more importantly towards a more sustainable growth path.
The Aquino administration will continue to focus on good governance as the basis for good economics, on fiscal sustainability, on macroeconomic stability and on opening up the country to business and tourism,” Purisima said.
For his part, Budget and Management Secretary Florencio Abad said that the positive outlook that Moody’s has given to the Philippines from stable “vindicates and reinforces the Aquino administration’s agenda of good governance, especially in the management of public funds.”
In its action, Moody’s said that the Philippines has continued to demonstrate prudence in its fiscal management, as characterized by low budget deficits and a steadily declining level of debt relative to gross domestic product (GDP).
The rating agency attributed this on the government’s expenditure restraint and improved revenue performance.
“Indeed, on the expenditure side, we have introduced reforms to ensure the quality and integrity of public spending. We reemphasize our commitment to continue our pursuit of urgent reforms to ensure not only prudence in spending, but also maximum impact for each peso spent by the government,” Abad said.
On Moody’s warning that a shift away from the focus on good governance may lead to a reversal of its positive assessment to a stable or negative outlook, he said the Aquino administration believes that good governance is intertwined with sustained economic growth.
“It will thus continue to vigorously pursue its reforms for improved governance not just in public fund management, but also in every aspect of public life,” he stressed.
Philippines wedding planners and wedding reception caterers recommend Clark Philippines as this year’s premier destination for beach weddings and garden receptions. Wedding couples in Philippines no longer prefer traditional indoor venues and hotel ballrooms for wedding receptions in Manila, Angeles City, Subic and Clark Freeport.
Selecting a good and safe event venue in Philippines is not that easy. Many public event venues in resort hotels in Philippines can’t deliver assurances of safety and security. This exposes our corporate and private events to risks that are not acceptable to us as event organizers in Philippines.
Where to go in Clark? Hotel Clark Philippines is a De Luxe Hotel in Clark and Subic, a risk free place to stay, cozy and nice ambience, a nice function place for special occassion
You might want to check also the Yats Restaurant is the best restaurant for special dinner, best restaurant for dinner with friends near Manila, also the best place to celebrate special events.
Famous Restaurant in Pampanga, a place to dine with friends in Clark, cozy restaurant with a nice ambience, a nice function place for special occassions
Are you looking for an attractive restaurant or a nice place to eat with friends in Clark, Angeles City Pampanga? Yats Restaurant and Wine Bar is a restaurant with good food and good wines for dinner located at Clark Angeles City Pampanga. Perfect for exclusive dinner venues for groups, recommended for private dinner in Philippines. A Restaurant in Clark for business dinner meeting. Private dinner place or dinner restaurant in Clark Subic Near Manila Angeles City Pampanga. Yats Restaurant is one of the Good Restaurant in Pampanga Angeles City Clark near Manila.
This hotel in Angeles Philippines has the perfect ambience for a romantic beach wedding and a garden style wedding reception, exactly the kind of wedding venue we have been looking for to get married in the Philippines. Angeles City is near Clark Philippines and just 90 minutes from Manila. It is one of North Luzon Philippines’ top hotels that is trouble free, risk free, and a nice place to have rest in Subic. A well-recognized and interesting hotel.
Garden style wedding reception can take place within a few meters from the beach of this hotel in Clark Philippines so guests and observe the ceremony at the comfort of their seats on the table.
It is important to visitor that the family feels safe in a hotel in Angeles Philippines. That is a main reasons that we choose to stay in this hotel in Clark Pampanga outside of Manila Philippines. Many don’t like the hotels in Subic or some of the hotel in Angeles City Pampanga. This highly recommended hotel in Angeles city Clark Philippines does not make them comfortable and secure.
Traffic along the North Expressway NLEX from Manila to Clark is always light and the new Subic Tarlac Clark Expressway ScTex takes visitors straight into Clark Freeport without going through any towns and cities along the way.
For information as well as assistance with reservations in hotels and resorts in Pampanga, Clark Philippines, click here to contact HotelClarkPhilippines now
Or call us at
Hotel Clark Philippines
Creekside Road corner of Centennial Road,
Central Business District, Clark Freeport Zone,
Pampanga, Philippines 2023
Tel: (045)599-5949 0917-520-4403 0922-870-5177
Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 Rea or Chay
Getting to this hotel in Clark Philippines
After entering Clark Freeport from Subic, Manila, Dau and Angeles City, proceed straight along Clark’s main highway MA Roxas, passing Clark’s largest wine shop called Clark Wine Center on your right, continue to bear right making no turns at all, go past Mimosa Leisure Estate on the opposite side of the road, you will hit a major intersection. Go straight and the road becomes Creekside Road. YATS Clearwater Resort and Country Club is on your right just 200m down. Traffic in Clark Philippines is light so it should be quite easy for get to this hotel in Clark Philippines.
YATS Leisure Philippines is a HK-based developer and operator of clubs, resorts and high-class restaurants and wine outlets http://www.YatsLeisure.com
To inquire with the beach resort hotel in Clark Pampanga visit http://www.ClearwaterPhililippines.com
Looking for a party venue in town?
Clearwater Resort and Country Club is one of the ideal venues for birthday party because it is a risk free venue. Not only Birthday Parties but also a good place to enjoy family reunion. A good place to celebrate special occasions. Clearwater Resort and Country Club is one of the resorts in Subic Clark Angeles City Pampanga or near Manila with activity amenities, place that are nice for celebration.