Secretary Cesar Purisima named Finance Minister of the Year for Asia 2011

London-based magazine Emerging Markets has named Finance Secretary Cesar V. Purisima “Finance Minister of the Year for Asia 2011,” calling him an optimist for believing that it is possible to cut the national deficit without raising taxes, while at the same time ensuring growth and promoting foreign investment. Under his leadership, however, strong gains have been made in this endeavor.

Open governance in the Aquino administration

Open governance was the unifying theme of the different speaking engagements of President Aquino during his recent working visit to the United States. He told his American audience of the Filipino people’s efforts to transform People Power from an instrument of last resort versus dictatorship into the mortar that serves to unite people and institutions in our democracy.

The Philippines takes center stage in Open Governance efforts

Last Tuesday, upon the personal invitation of U.S. President Barack Obama and President Dilma Rousseff of Brazil, President Benigno S. Aquino III represented the Philippines at the launch of the Open Government Partnership (OGP) in New York.

“People Power” as leadership in the Aquino Administration

A few days before the anniversary of the declaration of Martial Law, President Benigno S. Aquino III, during his trip to the United States, affirmed People Power as the force that brought him to the presidency, and that continues to drive his administration’s efforts to give the Filipino people a better quality of life.

President Aquino speaks at the Asia Society

Part of President Aquino’s trip to the United States was a visit to the Asia Society—a non-profit educational institution for the promotion of knowledge on Asia founded in 1956 by John D. Rockefeller. Following both his parents’ footsteps, the President addressed the crowd gathered at the event, and later fielded questions on pressing issues in the globe and in the Philippines.

$15 million investment pledge in the Philippine coconut industry among economic gains of the US trip

During courtesy calls last Monday in New York City, representatives from the US giant Pepsi Corporation (PepsiCo), American beverage company Vita Coco and its local affiliate Fiesta Coco Equity, disclosed to President Aquino their plans to invest in the Philippine coconut industry. This initiative is to address the growing global market for coconut water as an alternative to carbonated drinks for health-conscious consumers, as well as for its other medicinal properties.