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Inside this issue: National News Page High investor confidence due to gov’t determination to institute change—Palace 3 Luen Thai Announces Expansion in RP 4 Improving U.S. Markets pulling in RP Investors 5 MPTC eyes government priority road projects 6 Inflation seen to hit 12-month low 7 Regional News Angara pushes Baler as economic, cultural, educational, tourist hub 8 Subic skydiving festival slated in November 9 Jin Air to Start Flights at DMIA 10 P1-Billion MRO Hanger to Rise in Clark Aviation Complex 11 Governor vows to boost multibillion peso furniture industry in Pampanga 12 Global Gateway News Senator impressed with Freeport facility 13 Chavit leads 1st KBC Auto Show Kick-Off 14 “Transcending Pwede Na” 14 Sheikh Ahmad Daoud Salman Al Sabah visit Philippines 15 GGLC attracts world-class medical service provider 16 Site Progress 17 References 20
PAGE 3 National News High investor confidence due to gov’t determination to institute change— Palace October 21, 2010, Malacanang Website Malacanang on Thursday said the bullish outlook of investors on the Philippine economy was another testament of the growing confidence in the Aquino Administration’s policy of good governance and level playing field for the business sector. According to the Dutch financial giant ING’s quarterly Investor Dashboard Survey, investor confidence in the Philippines remained at a record high in the third quarter of 2010, mainly due to higher level of trust in the Aquino government. GGLC NEWSLETTER EXPRESS Net inflows increased from US$128 million in June, reflecting positive investor sentiment on the back of the nation's stronger growth momentum, expectations of manageable inflation for the rest of the year, and healthy external payments dynamics, the BSP said. ING said the country ranks considerably higher than the overall pan-Asia rating, which rose 7 percent to 146 in the third quarter from 136 in the previous quarter, and is leading among emerging markets in Southeast Asia. The survey also revealed that investors are confident in the local market despite continued signs of slowdown in the US economy. The Philippines scored 157 in investor sentiment during the third quarter, the same as the second quarter and up from 139 in the first. Presidential Communications Operations Office Secretary Herminio Coloma said the policy of good governance by President Benigno S. Aquino had set the tone for the bullish outlook on the economy and has inspired confidence among investors. “The high investor confidence can be attributed to the President’s commitment to ensure a level playing field for investors, untangle a complicated regulatory environment for businesses and his nononsense determination to curb corruption,” Coloma said. As a result, the Philippines foreign direct investments (FDI) showed a net inflow of US$222 million in July, data from the Bangko Sentral ng Pilipinas showed last week. a behind the glass look at the state of the Philippine economy "Local and foreign investors alike have reflected this optimism by pumping more money into Philippine stocks," said PJ Garcia, head and chief investment officer of ING Investment Management Philippines. Garcia noted that average daily turnover in the local bourse has doubled to over P6 billion in September from only P3.9 billion in the previous months. Garcia said investors are confident that the performance of the Aquino administration, whose main platform is to curb graft and corruption, will translate to gains for the local economy. In the second quarter, 69 percent of Philippine investors responded positively when asked about the impact of the new administration on economic growth.
Page 4 and 5: PAGE 4 National News GGLC NEWSLETTE
Page 6 and 7: PAGE 6 National News GGLC NEWSLETTE
Page 8 and 9: PAGE 8 Regional News GGLC NEWSLETTE
Page 10 and 11: PAGE 10 Regional News GGLC NEWSLETT
Page 12 and 13: PAGE 12 Regional News GGLC NEWSLETT
Page 14 and 15: PAGE 14 Global Gateway News GGLC NE
Page 16 and 17: PAGE 16 Global Gateway News GGLC NE
Page 18 and 19: Captured…. A tour at the GGLC off
Page 20: References Luen Thai Announces Expa

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