Balisacan to give economic briefing in Cebu on Feb. 28

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Sunday, February 23, 2014


NEDA Director General and Socioeconomic Planning Secretary Arsenio Balisacan will be in Cebu on Feb. 28 to give a briefing on the performance of the economy and its outlook.

Despite the series of natural disasters that hit the country in the latter part of the year, the economy expanded by 7.2 percent, improving from the 6.8 percent achieved in 2012.

What made possible this creditable performance? How do we stand now with respect to our neighbors in the Asean and the rest of East Asia? What sectors contributed most to growth? Are these sources of growth desirable when viewed for their sustainability and capacity to achieve inclusive growth? What challenges still remain and how are we to confront them?

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In the first three years of the present administration, what lessons have we learned in our national development effort? What are the salient features of the updated Philippine Development Plan and how do we measure the success of its implementation?

What are we to do with our high unemployment and poverty rates that prevail across the different sectors of the economy and areas of the country?

Balisacan will tackle these questions during the Cebu Annual Economic Briefing and Investment Forum on Feb. 28 from 1 p.m. to 5 p.m. at the City Sports Club in Cebu Business Park.

More inputs on the subject will also be given by Dr. Karl Chua, World Bank Senior Country Economist to the Philippines, together with reactions from responsible officials of the local business groups here in Cebu. Capping this event is a presentation on the performance of the Philippine Stock Market and its outlook to be given by Unicapital Securities, Inc. president and CEO Leonardo Arguelles, Jr.

The event, which is in its fourth year now, is organized by Cebu Business Club with Cebu Holdings, Inc. and Unicapital Securities, Inc. in cooperation with the Cebu and Mandaue Chambers of Commerce and Industries, Bosconian International Chamber of Commerce and the Department of Economics of the University of San Carlos. (PR)

Published in the Sun.Star Cebu newspaper on February 24, 2014.

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