jap-2002-ban-spch.gif (4515 bytes)

bulet-arow.gif (83 bytes) PGMA's Speech during a Meeting with the Filipino Community
bulet-arow.gif (83 bytes) PGMA's Speech before the Joint Session of the Diet
bulet-arow.gif (83 bytes) PGMA's Speech during the State Dinner hosted by their Majesties the Emperor and Empress of Japan
bulet-arow.gif (83 bytes) PGMA's Speech during the Opening Ceremony of the first E-Services Philippines I.T. Exhibition and Interactive Business Investment Seminar
bulet-arow.gif (83 bytes) PGMA's Speech during the Luncheon hosted by the Heads of the Japanese Economic Organizations (Nippon Keidanren)
bulet-arow.gif (83 bytes) PGMA's Opening Statement during a Press Conference at the Japan National Press Club

PGMA's Speech during a Meeting with the Filipino Community (Ballroom, Hotel Mariners Court Tokyo Japan -02 Dec 2002)
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MARAMING SECRETARY BLAS OPLE SA IYONG PAGPAKILALA SA AKIN. AT GUSTO KO RIN
IPAKILALA SA ATING MGA KAIBIGAN DITO SA HAPON, MGA PILIPINO SA HAPON ANG
INYONG MAYBAHAY, SI MRS. SUSAN OPLE. NANDIYAN SIYA.

AT GUSTO KO RIN IPAKILALA SA INYONG LAHAT, ALTHOUGH NAGKASAMA NA TAYO NOONG
ISANG TAON, KASAMA KO RIN ANG AKING KABIYAK, SI ATTORNEY MIKE ARROYO;
DALA-DALA KO RIN NGAYON ANG AKING ANAK, SI LULI ARROYO;
ANG AKING ANAK AT ANG AKING MANUGANG, NA SI MIKEY AT SAKA SI
ANGELA ARROYO; SIYEMPRE GUSTO KONG BATIIN 'YUNG ATING
AMBASSADOR DITO SA HAPON AT NAGPAPASALAMAT AKO SA MAGANDA NIYANG
PAG-ORGANIZE NITONG ATING PAGBISITA DITO, SI AMBASSADOR SIAZON.
AT ALAM NIYO NAMAN SI AMBASSADOR SIAZON AY JAPANESE BY HEART DAHIL ANG
KANYANG MAYBAHAY AY HAPONESA, SI MRS. KAY SIAZON.

NANDITO RIN ANG ILANG AKING CABINET MEMBER. 'YUNG ILAN AY IPAPAKILALA KO
SA INYO, SI SECRETARY LITO CAMACHO KASAMA SI MRS. CAMACHO; SI
SECRETARY MAR ROXAS NA WALA PANG MRS.; SI SECRETARY
DANTE CANLAS; WALA YATA SI GOVERNOR BUENAVENTURA DITO NGAYONG
GABI. GUSTO KO RIN BIGYAN NG BATI ANG ATING SENADOR MULA SA MINDANAO, SI
NENE PIMENTEL; AT ISA RING CONGRESSWOMAN NA ANG PUSO RIN NIYA
AY NASA HAPON DAHIL ANG KANYANG KABIYAK DIN AY HAPON, SI CONGRESSWOMAN NENE
RAMIREZ-SATO; NARITO RIN SI CONGRESSMAN JING PARAS;
AT SAKA SI CONGRESSMAN ANTONINO ROMAN NG BATAAN;
NARITO RIN SI GOVERNOR TOMMY JOSON; AT SAKA SI GOVERNOR
CABALLERO AT SAKA SI MRS. CABALLERO NG COMPOSTELA VALLEY; SI
GOVERNOR PLAZA AT SAKA 'YUNG KANYANG MATRIARCH NG PLAZA FAMILY,
SI MRS. VALENTINA PLAZA NA NAKAUPO DOON, FORMER GOVERNOR; SI
MAYOR BOKING MORALES NG MABALACAT; AT SAKA YUNG NAG-AALAGA SA
INYO, SI SECRETARY PAT SANTO TOMAS.

MERON RIN TAYONG ILAN PANG MGA CABINET OFFICIALS NA NARIRITO, SI SECRETARY
TOTING BUNYE, ANG AKING PRESS SECRETARY; ISANG HAPON NA
MESTIZO DAHIL KASAMA 'YUNG KANYANG LOLO SA UNANG WAVE NG IMMIGRANTS FROM
JAPAN TO THE PHILIPPINES TO BAGUIO, SI SECRETARY YONGYONG HAMADA AFABLE;
SI SECRETARY JOEY RUFINO AT SAKA KANYANG MAYBAHAY SI CHING;
'YUNG TUMUTULONG SA ATIN NA AYUSIN 'YUNG MGA RED TAPE SA ODA SI
MAI JIMENEZ; INYONG SUGO, INYONG NAGLILINGKOD SA OVERSEAS
WORKERS WELFARE ADMINISTRATION SI VER ANGELO. SAAN SIYA? AT
SAKA GUSTO KO RIN BATIIN GALING SA OSAKA, SI CONSUL GENERAL ANTONIO
VILLAMAYOR.

AT SANA HINDI KO NA BABANGGITIN LAHAT NG PANGALAN NILA PERO PAPATINDIGIN KO
YUNG KASAPI NG PHILIPPINE BUSINESS DELEGATION, NANDOON SILA SA BANDA ROON.
NARIYAN DIN ANG PHILIPPINE MEDIA. KAYA SA INYONG LAHAT, SA
KANILA, SA INYONG MGA KABABAYAN MINAMAHAL KO, MERRY CHRISTMAS SA INYONG
LAHAT. WELCOME TO THIS CHRISTMAS PARTY.

AT CARING MALUGUD KUNG CABALEN CAPANGPANGAN, PASALAMATAN CU PUNG LUBUS ING
PAMANYATANG YU NGENING BENGI. MAKARENG CU.

KADAKAYO NGA KAKAILIAK TI BANGIR NI MAMANG KO, NAIMBAG NGA RABII
YO AMIN, KADWAN TI ABRAEÑON ASSOCIATION IN JAPAN, AGIAMAN KADAKAYO NGA
UMAY KAYO TATTA NGA RABII.

SA AKONG MGA KAUBANANG TAGA-MINDANAO ASA AKO NIDAKO UG ASA NAGIKAN SI
SENADOR NENE PIMENTEL, DAGHANG SALAMAT SA INYONG PAG-ABOT KARONG GABIUNA.

SA MGA KASIMANWA SANG AKONG BANA NGA ILONGGO, KAUPOD ANG ORGANIZATION FOR
THE DEVELOPMENT AND ADVANCEMENT OF NEGROS IN JAPAN -- NGANO
KAMO, ORIENTAL O OCCIDENTAL? OCCIDENTAL. O, SALAMAT GID NGA NAKADTO KAMO
SA ATONG PROGRAMA SUBONG.

MGA BATANGUEÑO AT 'YUNG MGA KABABAYAN NI TOMMY JOSON, JAPAN
ASSOCIATION OF NOVO ECIJANOS. MALAKI ANG ATING NUEVA ECIJA
DELEGATION NGAYON AT NANDIYAN DIN SI PRESIDENTIAL ASSISTANT RENE DIAZ AT
SAKA MEMBER OF THE BOARD NG SAN MIGUEL, SI RICO FAJARDO.

BINABATI KO ANG IBA PANG MGA ASOSASYON AT SAMAHAN NG ATING MGA KABABAYAN NA
NARITO NGAYONG GABI. HINDI KO ALAM KUNG KUMPLETO ANG AKING LISTAHAN PERO
SA ALAM KO NANDITO ANG SAMAHANG PILIPINO, ISA SA PINAKAMALAKING
GRUPO NG FILIPINO SA HAPON. AT YUNG PHILIPPINE MEN'S LEAGUE,
'YUNG ASSOCIATION OF FILIPINO STUDENTS IN JAPAN; 'YUNG SCIENCE
AND TECHNOLOGY ADVISORY COUNCIL NG JAPAN, SALAMAT AT TUMUTULONG
KAYO SA PAGBIBIGAY NG "UNLAD KABAYAN AT TULOY ARAL" BUSINESS COURSES SA
ATING MGA OFW.

NARITO RIN DAW ANG FILIPINO CIRCLE FOR ADVANCEMENT AND PROGRESS;
ANG OVERSEAS FILIPINO WORLD NET FOUNDATION -- AH, WALA. AH, NANDIYAN; ANG
ASSOCIATION OF FILIPINOS IN TOKYO; ANG CIRCLE OF FRIENDS;
ANG PHILIPPINE LADIES ASSOCIATION IN JAPAN; ANG
FILIPINO WIVES OF JAPANESE ASSOCIATION. DAPAT GAWIN NIYONG
MEMBER SI CONGRESSWOMAN SATO, HA? O, MEMBER SIYA; HAWAK KAMAY SA MAHAL NA
INA; OVERSEAS WORKERS ASSOCIATION; PHILIPPINE
DEVELOPMENT SOCIETY; 'YUNG KUMANTANG TEATRO KANTO; UNITED
FILIPINO GROUP OF YOKOHAMA; UNITED PHILIPPINE-JAPAN
ASSOCIATION; PHILIPPINE ASSOCIATION FOR COMMON CAUSE;
KABAYAN-YAMATO; FILIPINO MARITIME NETWORK.

EL SHADDAI JAPAN CHAPTER; AKABANE SAMPAGUITA;
CHRISTIAN DIOCESE OF TRADITIONAL LAYMEN'S EVANGELIZATION;
KAPATIRAN; WOW! FILIPINO MISSIONARIES GROUP; MGA
KINATAWAN NG FILIPINO COMMUNITY MULA SA KANSAI AT OSAKA AREA.

AT SALAMAT ANG AKING IPINAAABOT, I AM THANKING THE ALL-JAPAN SEAMEN'S
UNION FOR THEIR BIG HELP ONCE AGAIN TONIGHT IN OUR PARTY HERE.

YOU KNOW, IN MANILA WE CONDUCTED THE FIRST INTERNATIONAL EMPLOYERS AWARD
JUST A FEW DAYS AGO. THE OUTSTANDING FOREIGN EMPLOYERS OF FILIPINOS WERE
HONORED FOR THEIR CONTINUED PREFERENCE FOR FILIPINO WORKERS AND SEAMEN, FOR
INSTALLING PROGRAMS THAT RAISED OUR OFWs PRODUCTIVITY AND PERFORMANCE, AND
FOR PROVIDING EXTRAORDINARY ACTS OF ASSISTANCE AND AID TO OFWs IN TIMES OF
HAZARD OR DISTRESS. NINETY-THREE EMPLOYERS RECEIVED AWARDS. NINETEEN
RECEIVED A PRESIDENTIAL AWARD OF DISTINCTION. AND OF THE 19, NINE WERE
JAPANESE INCLUDING THE ALL-JAPAN SEAMEN'S UNION.
CONGRATULATIONS AT ARIGATO, ALL-JAPAN SEAMEN'S UNION.

PERO BINABATI KO RIN HINDI LANG KAYONG LAHAT PATI NA RIN ANG PHILIPPINE
EMBASSY LALO NA... LALO NA DAHIL BUKAS SILA NGAYON KAHIT SABADO.
NAALAALA NINYO KASI MARAMI KAYO NUNG MINSAN NA NARITO AKO 'YON
ANG ISANG IPINAGBILIN KO INOONG HULI AKO'Y NARITO. AT NATUTUWA RIN AKO NA
PATULOY ANG SERBISYONG MEDIKAL PARA SA MGA KABABAYAN NATIN DITO SA JAPAN,
SA PAKIKIPAGTULUNGAN SA IBA'T-IBANG ASOSASYON AT SAMAHAN.

AT NAIS KO RING PASALAMATAN ANG PHILIPPINE ASSISTANCE GROUP NA KAAGAPAY NG
ATING EMBAHADA SA PAGBIBIGAY NG REPATRIATION AT MEDICAL SERVICES
SA ATING MGA KABABAYAN DITO.

MY ADMINISTRATION IS DETERMINED TO BRING GOVERNMENT CLOSER TO OUR PEOPLE,
INCLUDING THE OVERSEAS FILIPINOS. EVEN WHEN I WAS A SENATOR I ALREADY FELT
THAT WAY. THAT'S WHY WHEN I WAS A SENATOR, I FILED AN OVERSEAS VOTING
BILL, OTHER SENATORS DID TOO. SOME FILED BEFORE ME, SOME IN THE SAME
SESSION, SOME AFTERWARDS BUT LIKE MANY OTHER OVERSEAS VOTING BILLS BEFORE
AND AFTER MINE, AT THAT TIME WHEN I WAS SENATOR, MY BILL DIDN'T EVEN
PROGRESS BEYOND THE COMMITTEE LEVEL. SO WHEN I BECAME PRESIDENT, I
CERTIFIED AS ONE OF MY FIVE MOST URGENT BILLS, THE OVERSEAS VOTING BILL.

NOW, AT LAST, FOR THE FIRST TIME AFTER SO MANY ATTEMPTS, THE
OVERSEAS VOTING BILL HAS PASSED BOTH HOUSES OF CONGRESS. SALAMAT SA ATING
SENATOR AT MGA CONGRESSMEN. AND LET'S PRAY THAT THE HOUSE AND
THE SENATE CAN IRON OUT THEIR CONFLICTING PROVISIONS BECAUSE AS SOON AS
THEY DO SO I WILL SIGN IT INTO LAW WITHIN 24 HOURS.

AT BAGO KAMI UMALIS NG PILIPINAS, PINAG-ISIPAN NAMIN NILA SECRETARY PAT SANTO TOMAS KUNG ANO ANG MAGANDANG AGINALDONG MABIBIGAY SA INYO NGAYONG PASKO. AT
ETO, MAGLULUNSAD TAYO NG MGA PROGRAMA UPANG MAKAPUNDAR SA KINABUKASAN
NINYONG MGA PILIPINONG NAGTATRABAHO SA IBAYONG DAGAT HABANG PINAGAGANDA ANG
BUHAY NINYO AT NG MGA PAMILYA NINYO SA PILIPINAS. HAYAAN NINYONG IHAYAG KO
SA UNANG PAGKAKATAON NA TINALAGA KONG SUGO SA ATING MGA KABABAYANG NASA
IBANG BANSA ANG AKING MAHAL NA KABIYAK, SI ATTORNEY JOSE MIGUEL ARROYO.
SIYA NGAYON ANG AKING SPECIAL REPRESENTATIVE TO THE OFWs. KAYA
LANG, MIKE, WALANG SUWELDO ITO (LAUGHTER) KUNDI ANG AKING PAGMAMAHAL.
TUTULUNGAN SI MIKE NG ISANG INTER-AGENCY TEAM NA ANG
MANGUNGUNA AY ANG DFA AT KASAMA ANG DOLE, HUDCC -- IYUNG SA HOUSING -- AT
SAKA SSS NA MAGDADALA SA ATING MGA BAGONG BAYANI NG PROGRAMANG TINATAWAG
NATING "KABAYANIHAN." AT DITO SA HAPON, INILULUNSAD ITONG PROGRAMANG ITO.

THE "KABAYANIHAN" SEEKS TO INSTALL AN INTEGRATED DELIVERY OF BASIC SERVICES
TO OFWs IN YOUR WORKSITE ABROAD AND ALSO AT HOME IN THE PHILIPPINES. UNDER
THIS PROGRAM, YOU WILL BE ABLE TO AVAIL OF THE FOLLOWING SERVICES:

OWWA ON-SITE WELFARE SERVICES INCLUDING EXPANDED AND VOLUNTARY MEMBERSHIP
WITH OWWA.

DOLE/OWWA/POEA ELECTRONIC IDENTIFICATION CARD OR E-CARD SERVICES. THE
E-CARD IS THE ULTIMATE IDENTIFICATION CARD OF OFWs. WITH THAT E-CARD, IT
WILL NO LONGER BE NECESSARY FOR AN OFW TO FALL IN LINE AT THE POEA TO
OBTAIN AN OVERSEAS EMPLOYMENT CERTIFICATE FOR THE PURPOSE OF
EXEMPTION FROM THE TRAVEL TAX AND THE AIRPORT TERMINAL FEE. SO, BY SIMPLY
PRESENTING THE E-CARD, YOU CAN HAVE IMMEDIATE ACCESS ALSO TO OWWA WELFARE
SERVICES, POEA PROCESSING REQUIREMENTS, AND EVEN DUTY FREE SHOP DISCOUNTS.
YOU CAN ALSO USE THIS AS A CREDIT CARD AND AS AN ATM CARD
FOR PHILIPPINE COMMERCIAL BANKS.

ANOTHER SERVICE IS HEALTH MAINTENANCE SERVICE THROUGH THE OWWA MEDICARE
PROGRAM.. THE OFW AND MEMBERS OF YOUR FAMILY WILL BE ENTITLED TO
BENEFITS OVER AND ABOVE THOSE WHICH ARE GRANTED BY PHILHEALTH.

ISA PANG SERBISYO, 'YUNG PAG-IBIG FUND. KANINA MASAYANG-MASAYA 'YUNG MGA
PAG-IBIG DESK DOON. DAMI RAW NG NABENTA NILANG HOUSING SERVICES.
THE DOLE AND THE PAG-IBIG FUND HAVE ALREADY SIGNED A MEMORANDUM OF
AGREEMENT FOR THE JOINT IMPLEMENTATION OF THE PAG-IBIG OVERSEAS HOUSING
PROGRAM. THIS PROGRAM AIMS TO EXPAND PAG-IBIG MEMBERSHIP AMONG
OFWs AND PROVIDE YOU WITH THE OPPORTUNITY TO BUY YOUR OWN HOMES BACK HOME
BUT AT VERY AFFORDABLE MEANS. AND I'D LIKE TO INFORM YOU THAT THE PAG-IBIG
FUND HAS REDUCED THE EQUITY REQUIREMENTS OF ITS HOUSING PROGRAM FOR
OFWs. KASI NUNG ARAW MALAKI ANG INYONG COUNTERPART. NGAYON,
ILILIIT NA RIN NG PAG-IBIG.

ISA PANG SERBISYO, 'YUNG SSS PROVIDENT FUND OR FLEXI-FUND SERVICES. ITO
AY PARA SA OFWs LAMANG, EXCLUSIVELY. IT WAS DESIGNED TO ENABLE YOU TO SAVE
YOUR HARD-EARNED MONEY WHILE WORKING ABROAD. WHEN YOU INVEST IN THE
FLEXI-FUND AT A VERY AFFORDABLE COST, YOU ARE GUARANTEED CONTINUED EARNINGS
AFTER YOUR RETIREMENT. SO, I ENCOURAGE YOU TO INVEST IN THE FLEXI-FUND.
IT'S LIKE A SAVINGS ACCOUNT BUT WITH HIGHER INTEREST RATES. AND MORE
IMPORTANTLY, YOU CAN WITHDRAW IT ANYTIME.

UMPISA SA ENERO 2003, MAGBUBUKAS NA ANG "KABAYANIHAN" NG SARILING WEBSITE
NA MAAARI NINYONG GAMITIN UPANG MAIPAABOT SA AKIN ANG INYONG MGA MUNGKAHI
KUNG PAPAANO HIGIT PANG MAPAPABUTI NG PAMAHALAAN ANG MGA SERBISYO PARA SA
INYO.

BUKOD NAMAN SA "KABAYANIHAN" -- NGUNIT SUPORTADO KO RIN -- AY ANG PROGRAMA
KUNG SAAN PUMAYAG SI BISE-PRESIDENTE TEOFISTO GUINGONA NA MANGUNA. ITO AY
BINUO NG OVERSEAS FILIPINO INVESTMENT BOND NA MAGBIBIGAY NG SERBISYO MEDIKO
AT SEGURO SA OFW, AT PABAHAY SA KATAPUSAN NG BOND. ANG PROGRAMA NIYA AYON
DITO SA TAGUIG ITATAYO ANG UNANG PABAHAY SA OFWs AY KASAMA RIN SA
PROGRAMA ANG PANUKALANG MAGNA CARTA FOR SEAFARERS.

GAYA NANG SABI NI AMBASSADOR SIAZON AKO, SAMPU NG AKING MGA KASAMAHAN AY
MULING NARITO THIS TIME SA ISANG STATE VISIT SA PAANYAYA NG EMPERADOR AT
EMPERADORA NG BANSANG HAPON. BUT I'M HERE FOR THE SAME REASON I CAME TWO
TIMES SINCE BECOMING PRESIDENT: TO FOCUS ON THE ECONOMY AND SECURITY OF THE PHILIPPINES.
WHETHER IT'S THE FIGHT AGAINST GLOBAL TERRORISM OR IMPROVING OFFICIAL
DEVELOPMENT ASSISTANCE, AT THE END OF THE DAY, IT'S ALWAYS ABOUT THE
ECONOMY AND IMPROVING THE LIVES OF OUR PHILIPPINE CITIZENS.

IF YOU REMEMBER, WHEN I BECAME PRESIDENT 20 MONTHS AGO, I INHERITED AN
ECONOMY WITH 4 MILLION JOBLESS FILIPINOS AND A 40 PERCENT POVERTY INCIDENCE.

TODAY, INSPITE OF THE GLOBAL SLOWDOWN, WE ARE AN ECONOMY THAT HAS
DELIVERED ONE OF THE HIGHEST GROWTH RATES IN ASIA. IN THE FIRST THREE
QUARTERS OF THIS YEAR, PHILIPPINE GDP GREW BY 4.1 PERCENT AND GNP --
WASN'T IT, DANTE -- 5 PERCENT? GDP WAS POWERED BY THE RECOVERY OF
INDUSTRY AND CONTINUED STRENGTHENING OF SERVICES. INDUSTRY GREW BY 3.8
PERCENT BECAUSE EXPORTS GREW BY 9.5 PERCENT, AND CONSTRUCTION IS ON THE
REBOUND. NCSO SAYS THAT CONSTRUCTION HAS REBOUNDED BY 25 PERCENT GROWTH.

SERVICES GREW BY 5.1 PERCENT BECAUSE OF THE EXPANSION OF TELECOMS, TRADE
AND PRIVATE SERVICES INCLUDING TOURISM. 'YUNG TURISMO NOONG OCTOBER ANG
KANYANG GROWTH RATE COMPARED TO OCTOBER LAST YEAR WAS 39.5 PERCENT OR 40
PERCENT KAHIT NA MAY BALI BOMBING. AT ISA PANG NAGPALAKI SA ATING
EKONOMIYA NGAYON YUNG FINANCIAL SECTOR MALIBAN SA BANGKO. IT HAS HOST
INCLUDING INSURANCE. IT HAS POSTED THE HIGHEST GROWTH IN FOUR YEARS.

PERO KUNG UMANGAT ANG ATING GDP NG 4.1 PERCENT, ANG ATING GNP AY UMANGAT NG
5. THE DIFFERENCE BETWEEN OUR GNP AND GDP IS THE CONTRIBUTION OF OUR
OVERSEAS FILIPINO WORKERS LIKE YOU. YOUR INCREASING
REMITTANCES HAVE BOOSTED CONSUMPTION GROWTH IN THE PHILIPPINES. NANUNUOD
AKO SA TV KAGABI, PINAPAKITA NILA 'YUNG MGA TIANGGE, 'YUNG MGA SHOPPING
AREAS, PUNUNG-PUNO NG NAMIMILI NG CHRISTMAS SHOPPING AT NOVEMBER 30 PA
LAMANG -- AH, NO, NO DECEMBER 1. A LOT OF IT IS BECAUSE OF THE MONEY YOU
SENT. LAST YEAR, YOU, THE OVERSEAS FILIPINOS REMITTED SIX BILLION FOR THE
WHOLE YEAR. THIS YEAR, FOR THE FIRST HALF OF THE YEAR, YOU
ALREADY REMITTED FOUR BILLION. AND FOR THE FIRST THREE QUARTERS, YOU
ALREADY REMITTED THE SIX BILLION THAT YOU REMITTED LAST YEAR. THANK YOU SO
MUCH FOR YOUR SUPPORT.

SABI KO SA INYO OUR ECONOMIC GROWTH IS ONE OF THE HIGHEST IN ASIA TODAY.
IN FACT, IT IS SURPASSED ONLY BY THE INDUSTRIAL GIANTS -- CHINA AND KOREA
-- AND BY VIETNAM, WHICH STARTED FROM A MUCH LOWER BASE.

OUR INFLATION RATE IS LOW AT 2.7 PERCENT. RICE FOR THE MASSES IS PRICED AT
14 OR 16 PESOS PER KILO. AT PAG MAY NAGSUSUMBONG NA SA ISANG PALENGKE AY
WALA 'YUNG 16, AY AKO AY TINATAWAGAN KO AGAD ANG NFA. OUR INTEREST RATES
ARE LOW, KAYA PANAHON NGAYON MAGPAG-IBIG KAYO AT BUMILI NG BAHAY.
'YUNG 91-DAY TREASURY BILL HAS BEEN STEADY AT 5 PERCENT. THESE
RATES ARE AT THEIR LOWEST IN THE LAST FIFTEEN YEARS. KAYA TALAGA 'YUNG
PAG-IBIG DOON DAPAT TALAGANG MASIGASIG ANG KANILANG SALES.

WE ARE ALSO TAKING STEPS TO FURTHER STRENGTHEN OUR MACROECONOMIC
FUNDAMENTALS. WE WILL CONTINUE TO BE VIGILANT IN OUR EFFORTS TO REDUCE OUR
DEFICIT. ANG CUSTOMS, ANG BIR, AT ANG BAGONG TINAYO KONG -- 'YUNG BIR AT
SAKA YUNG CUSTOMS -- 'YUNG BAGONG TINAYO KONG IYUNG ANTI-SMUGGLING
INTELLIGENCE AND INVESTIGATION COMMISSION, NA NGAYON AY PINUPUNO NG MGA
BAGONG COMMISSIONER AY KAILANGANG MAGTRABAHONG MASIGASIG. KASI ANG MENSAHE
KO SA ATING MGA KABABAYAN SA PILIPINAS NA UMIIWAS MAGBAYAD NG BUWIS AY
GANITO: "WHETHER YOU ARE BIG BUSINESS OR SMALL, FORGET THE ACCOUNTING
TRICKS, JUST PAY YOUR TAXES AND DUTIES OR SEE YOU IN COURT."
PERO KAYONG MGA OFW INCOME TAX EXEMPT KAYO, 'DI BA? KAYA TULUNGAN NA LANG
NINYO AKONG MANAWAGAN SA INYONG MGA KAIBIGAN SA PILIPINAS NA MAGBAYAD NG
TAMANG BUWIS.

WE ARE SUSTAINING A NO-NONSENSE DRIVE AGAINST CORRUPTION, INSULATING OUR
PROCEDURES BETTER FROM GRAFT, AND PUTTING GRAFT BUSTERS IN THE SENSITIVE
AGENCIES.

'YUNG PEACE AND ORDER SITUATION NAMAN IT HAS IMPROVED. ANG REPORT NG ATING
PULIS BAGO AKO UMALIS AY BUMABA NA NG 35 PERCENT ANG KIDNAPPING, DAHIL ANIM
NA SINDIKATO AY NABUWAG NA NATIN.

THE ADVERSE GLOBAL ENVIRONMENT HAS PROVIDED OPPORTUNITIES TO ADDRESS OUR NATIONAL SECURITY CONCERNS.
NINE-ELEVEN, THE SUBSEQUENT WAR ON TERRORISM, AND THE LOOMING WAR IN IRAQ
HAVE ALL COMBINED TO DAMPEN THE WORLD ECONOMY. BUT EVEN BEFORE 9-11, ALAM
NAMAN NINYO, IN THE PHILIPPINES, WE WERE ALREADY WAGING A WAR ON TERRORISM.
YOU WILL RECALL THAT THE ABU SAYYAF WAS ABLE TO GENERATE AT LEAST 20
MILLION DOLLARS IN RANSOM FROM SIPADAN, LONG BEFORE 9-11, WHICH
STRENGTHENED THEIR CAPABILITY FOR TERROR. BUT WITH OUR DECISIVE RESPONSE
TO 9-11, WE GAINED FOREIGN ALLIES IN OUR WAR AGAINST TERROR, WHICH HAS
ENABLED US TO NEUTRALIZE THE NOTORIOUS ABU SABAYA LAST JUNE AND TO DEGRADE
THE ABU SAYYAF STRENGTH FROM THOUSANDS TO HUNDREDS.

NANANAWAGAN AKO NA IPAGPATULOY NINYO NA MAGDASAL PARA SA ATING PAMAHALAAN,
PARA SA ATING BANSA KAGAYA NG DASAL NI FATHER KANINA. ITULOY NINYO ANG
INYONG PAKIKI-ISA SA GOBYERNO UPANG LALONG TUMIBAY ANG ATING PAGKAKAISA SA
IISANG PAMBANSANG LAYON NA MAAHON ANG ATING BANSA MULA SA KAHIRAPAN.

NO PRESIDENT CAN BUILD A STRONG REPUBLIC SINGLE-HANDEDLY. I CAN DO THIS
ONLY IF I CAN COUNT ON THE SUPPORT OF THE MORE THAN 7 MILLION FILIPINOS
OVERSEAS.

YOU, THE FILIPINOS IN JAPAN, ARE PART OF THE WELLSPRING OF SUPPORT, THE
NETWORK OF FILIPINOS ALL OVER THE WORLD THAT I'M COUNTING ON.

NAGPAPASALAMAT AKO SA INYONG PAGMAMALASAKIT SA ATING KAPWA PILIPINO AT SA
ATING BAYAN. IPAGPATULOY NATIN ANG ATING MAGAGANDANG GAWAIN -- 'YUNG MGA
BINANGGIT KO KANINANG GINAGAWA NINYO -- ANG ATING PAGBUBUKLOD-BUKLOD.
SALAMAT AT NARITO KAYO KAHIT NA NANDITO NA KAYO NUNG ISANG TAON AT ITULOY
NATIN ANG ATING PAGKAKAISA.

SA INYONG LAHAT, MGA PILIPINO DITO SA HAPON, CONGRATULATIONS BECAUSE YOU
ARE GREAT AMBASSADORS OF THE PHILIPPINES. YOU ARE GREAT FILIPINO WORKERS.

MARAMING SALAMAT SA INYONG LAHAT.

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PGMA's Speech before the Joint Session of the Diet (House of Councillors, National Diet of Japan Tokyo, Japan - 03 Dec 2002)
.
THANK YOU VERY MUCH.

FIRST OF ALL, I WOULD LIKE TO THANK PRIME MINISTER KOIZUMI FOR BEING HERE
TODAY TO LISTEN TO ME. THANK YOU, MR. PRIME MINISTER, YOU HONOR ME.

PRESIDENT KURATA, SPEAKER WATANUKI, HONORABLE MEMBERS OF PARLIAMENT,
MEMBERS OF THE PHILIPPINE DELEGATION, LADIES AND GENTLEMEN.

IT'S AN HONOR FOR ME TO BE IN THIS AUGUST ASSEMBLY TO EXPRESS TO THE
JAPANESE PEOPLE, THROUGH THEIR DISTINGUISHED REPRESENTATIVES, THE
APPRECIATION OF THE FILIPINO PEOPLE FOR WHAT JAPAN HAS BEEN TO US -- A
RELIABLE ALLY, A SINCERE PARTNER, A COMPASSIONATE FRIEND.

I UNDERTAKE THE FIRST STATE VISIT BETWEEN OUR TWO COUNTRIES IN THE NEW
CENTURY. PRESIDENT RAMOS WAS THE LAST STATE VISITOR TO JAPAN FROM MY
COUNTRY ALMOST A DECADE AGO.

SINCE THEN, IN THE LAST 10 YEARS, SO MUCH HAS TAKEN PLACE WITHIN OUR TWO
NATIONS, OUR REGION AND THE WORLD.

IN MY COUNTRY, THE PAST DECADE SAW EFFORTS TO DEEPEN THE ROOTS OF DEMOCRACY
AND PRIVATE ENTERPRISE, RESTRUCTURE THE ECONOMY AND MAKE PHILIPPINE
INDUSTRY MORE GLOBALLY COMPETITIVE.

IT ALSO SAW FILIPINOS RISE AS ONE TO MANIFEST THEIR ABHORRENCE OF CORRUPT
GOVERNMENT, THEIR YEARNING FOR GENUINE SOCIAL JUSTICE AND FOR FREEDOM FROM
THE SHACKLES OF PATRONAGE.

AFTER 10 YEARS, EAST ASIA -- OUR COMMON HOME -- IS ALSO A DEEPLY CHANGED
PLACE. WITH PEACE REGAINED IN CAMBODIA, STABILITY HAS BEEN RESTORED TO
INDOCHINA. THE THREE DECADE-OLD DREAM OF A SOUTHEAST ASIA UNITED UNDER
ASEAN HAS BEEN REALIZED. HONG KONG AND MACAO HAVE PEACEFULLY REJOINED THE
SOVEREIGNTY OF CHINA. EAST TIMOR HAS BECOME THE NEWEST MEMBER OF THE
COMMUNITY OF NATIONS.

YET, THE LUSTER AND EXUBERANCE OF THE BOOM YEARS ARE GONE, MUTED BY THE
CRISIS FEW THOUGHT COULD HAPPEN. AND JUST AS COUNTRIES IN THE REGION WERE
AGAIN GETTING BACK TO THE RHYTHM OF NORMALCY, TERROR STRUCK IN BALI.

ON THE GLOBAL SCALE, INTERDEPENDENCE IS SO MUCH TRUER NOW THAN TEN YEARS
AGO. MULTILATERALISM IN PURSUIT OF WORLD SECURITY AND ECONOMIC GOALS IS
TAKING A FIRMER HOLD. BUT DIFFICULT GLOBAL CHALLENGES HAVE LIKEWISE
MULTIPLIED OR DEEPENED. HUNDREDS OF MILLIONS STILL GO HUNGRY AND
UNSCHOOLED AGAINST THEIR WILL. AS THE NEW CENTURY ROLED IN, WE AWAKENED TO
THE FACT THAT NO COUNTRY, NOT EVEN THE MOST POWERFUL IS IMMUNE TO
TRAGEDIES INFLICTED BY AGENTS OF DISCORD AND TERROR.

DURING THE LAST TEN YEARS, WE SAW FREEDOM MARCH ON. BUT WE ALSO SAW THE
RISE OF NEW FORCES RANGED AGAINST IT. WE SAW PEOPLES YEARNING TO CHART
THEIR OWN DESTINY AND ACHIEVE NATIONHOOD. BUT WE ALSO WITNESSED PEOPLE
LOSE CONTROL OF THEIR NATIONS TO THE THUGS OF RADICALISM. WE SAW KINDNESS
MOBILIZED TO COMFORT THE AFFLICTED. BUT WE ALSO SAW FEAR AND INTOLERANCE
CREEP UPON MANY NATIONS.

THE CHALLENGES ARE ENORMOUS; THE THREATS ARE MANY. WE JUST HAVE TO KEEP
CARRYING ON WITH COURAGE AND A SINGLENESS OF AIM. FOR THE LARGER TRUTH IS
THAT FREE PEOPLE HAVE IN THEIR OWN HANDS THE CAPACITY TO OVERCOME
ADVERSITY, TO PROSPER AND TO STAY FREE.

MY COUNTRY WAS FORTUNATE TO BE SPARED THE FULL BRUNT OF THE ASIAN CRISIS.
THOUGH BARELY, THE PHILIPPINE ECONOMY MANAGED TO GROW EVEN WHILE THE
FINANCIAL STORM WAS CUTTING A WIDE SWATH OF DEVASTATION IN THE REGION.
THIS ENCOURAGED MANY ANALYSTS TO EXPECT OUR ECONOMY TO REBOUND FAST AND
STRONGLY AS THE STORM PASSED. BUT REGRETFULLY, IT ALSO ENCOURAGED
COMPLACENCY.

THUS, MY ADMINISTRATION WAS TO INHERIT AN ECONOMY THAT HAD LOST MOMENTUM,
HAD LOST STEAM. WITH CONFIDENCE IN THE PAST LEADERSHIP FAST EBBING, AND
CAPITAL FLIGHT AND FIERCE COMPETITION PUMMELING ITS ECONOMY, THE COUNTRY
WAS CAST ADRIFT JUST ABOUT WHEN IT NEEDED MOST A FIRM MOORING.

WHEN I ASSUMED OFFICE IN JANUARY 2001, LAST YEAR, MY MOST IMMEDIATE TASKS
WERE TO RALLY MY NATION OUT OF DESPAIR AND TO RESTORE BUSINESS CONFIDENCE.
WE REINED IN THE RISING INTEREST RATES THAT STUNTED BUSINESS. WE STEMMED
THE RISING PRICES THAT DENIED THE POOR ACCESS TO MANY OF THEIR BASIC NEEDS.
WE RESTORED THE PEOPLE'S TRUST IN THE INTEGRITY OF THE HIGHEST LEADERSHIP OF GOVERNMENT.

PRIVATE ANALYSTS FORECASTED PHILIPPINE GROWTH IN 2001 TO BE BELOW THREE
PERCENT BUT GDP ACTUALLY GREW BY 3.4 PERCENT AND GNP BY 3.7 PERCENT IN THE
FIRST YEAR OF MY ADMINISTRATION. NOW, IN THE FIRST THREE QUARTERS OF THIS
YEAR, GDP GREW BY 4.1 PERCENT AND GNP BY 5 PERCENT. GDP WAS POWERED BY
THE RECOVERY OF INDUSTRY AND CONTINUED STRENGTHENING OF SERVICES. INDUSTRY
GREW BY 3.8 PERCENT BECAUSE EXPORTS GREW BY 9.5 PERCENT. AND PRIVATE
CONSTRUCTION IS ON THE REBOUND. SERVICES GREW BY 5.1 PERCENT BECAUSE OF
THE EXPANSION IN TELECOMMUNICATIONS, TRADE AND PRIVATE SERVICES INCLUDING
TOURISM. AND WITH CONTINUED RESPONSIBLE FISCAL MONETARY AND SUPPLY SIDE
POLICIES, INFLATION AND INTEREST RATES ARE THE LOWEST IN MORE THAN A
DECADE.

GIVEN THE HURDLES THAT THE PHILIPPINE ECONOMY HAD TO OVERCOME, THE ONLY
EXPLANATION TO OUR ECONOMIC PERFORMANCE HAS BEEN THE RESOURCEFULNESS AND
INDUSTRY OF THE GREAT FILIPINO WORKERS, AS WELL AS THEIR
SUPPORT FOR THE POLICIES OF THE NEW GOVERNMENT.

MY ECONOMIC TEAM AND I ARE DETERMINED TO FULLY RESTORE THE ECONOMY'S
FINANCIAL HEALTH AND TO FURTHER IMPROVE BUSINESS CONDITIONS FOR INVESTMENT.
WE HAVE INITIATED A BUDGET DEFICIT REDUCTION PROGRAM TO PREVENT GOVERNMENT
FROM CROWDING OUT THE PRIVATE SECTOR FOR INVESTMENT FUNDS. WE ARE ALSO
FOCUSED ON CONTINUED PRICE STABILITY.

TO FURTHER STRENGTHEN THE FINANCIAL SECTOR, MY URGENT PROPOSAL TO CREATE A
SPECIAL ASSET MANAGEMENT COMPANY SECTOR, DESIGNED TO EFFICIENTLY ADDRESS
THE NON-PERFORMING LOAN PROBLEMS OF THE BANKING SYSTEM, HAS ALREADY PASSED
BOTH HOUSES OF THE PHILIPPINE CONGRESS.

OUR OVERRIDING VISION IS TO CONQUER POVERTY WITHIN THE FIRST DECADE OF THIS
CENTURY BY BUILDING A STRONG PHILIPPINE REPUBLIC.

DEVELOPMENT IS AN ENORMOUS TASK. IN THIS GLOBALIZED WORLD, IT IS ALSO
PRACTICALLY IMPOSSIBLE TO GO IT ALONE. WE KNOW THIS WELL: "FORTRESS
ECONOMIES WITHER, CLOSED ECONOMIES DIE."

THAT IS THE REASON WHY SINCE THE EDSA REVOLUTION THAT REINSTALLED DEMOCRACY
IN MY COUNTRY IN 1986, SUCCESSIVE ADMINISTRATIONS HAVE PURSUED A CONTINUOUS
PATH OF ENGAGING WITH THE WORLD. WE NEED ASEAN. WE NEED APEC. WE NEED
EAST ASIA. WE NEED JAPAN.

FOR THE PHILIPPINES, COOPERATION IS BEST ACHIEVED THROUGH ONE EAST ASIA.

EAST ASIA'S ECONOMIC MIRACLE IS FIRST AND FOREMOST ABOUT PEOPLE. THE
MIRACLE IS THAT, FOR THE FIRST TIME, THE MAJORITY OF CHILDREN IN THE REGION
HAVE BECOME BETTER SCHOOLED FOR LIFE IN AN ERA OF FAST, FLEETING AND
PROFOUND CHANGE.

THIS HAS PERMITTED FAMILIES TO ATTAIN THE HIGHEST SAVINGS RATES IN THE
WORLD, NOT SIMPLY, AS IN THE PAST, TO HEDGE AGAINST HARD TIMES, BUT
INCREASINGLY TO INVEST IN A BRIGHTER AND MORE BRILLIANT NEXT GENERATION.

IT HAS MEANT, FOR THE FIRST TIME IN THE REGION'S HISTORY, THAT A MIDDLE
CLASS COULD BE RAISED, NURTURED AND POISED TO BECOME LEADERS IN
TRANSFORMING THEIR SOCIETIES.

OUR REDEMPTION AND OUR FUTURE ARE ALREADY HERE, ALREADY IN OUR HANDS --
THEY LIE IN OUR PEOPLE. WE MUST NOT WASTE THIS MOST VALUABLE, THIS MOST
PRECIOUS RESOURCE.

THAT WAS WHY WHEN THE 1997 CRISIS VERY NEARLY DID, TO LAY THE HUMAN
RESOURCES TO WASTE WAS TRULY UNFORTUNATE. ALMOST OVERNIGHT, AS GOOD JOBS
VANISHED, AS SAVINGS WERE DECIMATED, AS PURCHASING POWER ERODED AND AS
CONSUMER AND INVESTOR CONFIDENCE EVAPORATED, THE NASCENT MIDDLE CLASS WAS
BESIEGED. FAMILIES WERE BEING SWALLOWED UP AGAIN INTO THE RANKS OF THE
POOR.

FOR THE FIRST TIME IN TWO OR THREE DECADES, THE WAR AGAINST POVERTY WAS IN
DANGER OF BEING LOST IN MANY PARTS OF THE REGION.

THE DANGER CAME AND PASSED. WE WERE BRUISED BY IT BUT NOT COMPLETELY
MAIMED, BECAUSE WE WERE NOT ALONE. WE HAD FRIENDS AND PARTNERS TO ASSIST
US. ONE OF THEM, AND WE WILL ALWAYS REMEMBER THIS -- IS JAPAN.

WITH THE COUNSEL OF HINDSIGHT, LET'S LOOK TO THE FUTURE.

THE CONTINUING CHALLENGE IS TO BUILD, THROUGH OUR JOINT EFFORTS, THE
CAPACITY IN THE REGION TO PREVENT THE RECURRENCE OF ECONOMIC SHOCKS LIKE
THE ONE THAT HIT US IN 1997.

THE ASEAN+3 CHIANG MAI INITIATIVE IS A LANDMARK AGREEMENT FOR, AMONG OTHER THINGS, HARNESSING REGIONAL
COORDINATION OF ECONOMIC AND MONETARY POLICIES TO ENSURE STABILITY OF
CURRENCY AND FINANCIAL MARKETS.

IN SOUTHEAST ASIA, WE ARE FORGING TOWARDS FULL IMPLEMENTATION OF AFTA.
BARELY A MONTH AGO, ASEAN AND CHINA SIGNED THE FRAMEWORK FOR THE
ESTABLISHMENT OF THE ASEAN-CHINA FREE TRADE AREA, WHILE ASEAN AND JAPAN
AGREED ON THE FRAMEWORK FOR THE ESTABLISHMENT OF A COMPREHENSIVE ECONOMIC
PARTNERSHIP.

EXPECTEDLY, NOT EVERYONE IS AGREED ON THE SIGNIFICANCE OR DESIRABILITY OF
THESE REGIONWIDE DEVELOPMENTS. FOR INSTANCE, SOME SEE THE SLIDE OF
ASEAN's INTO IRRELEVANCE. SOME WARN THAT SMALLER SOUTHEAST ASIAN NATIONS
RISK NEEDING TO DEFER, ONCE AGAIN, TO THE LARGER POWERS.

BUT THE FACT THAT ASEAN HAS MANY "SUITORS" SHOWS ITS ATTRACTIVENESS, ITS
"RELEVANCE" HERE AND NOW. BUT DOES ONE NECESSARILY BECOME IRRELEVANT BY
MARRYING INTO A FAMILY, EVEN A BIGGER FAMILY? I DO NOT BELIEVE SO.

THE EMERGENCE OF CHINA AS A MARKET ECONOMY IS INTEGRAL TO THE FURTHER
GROWTH AND DEVELOPMENT OF EAST ASIA. THE PHILIPPINES REGARDS IT AS A
CATALYST FOR MORE RAPID EXPANSION AND GREATER STABILITY IN ASIA.

BUT FOR NOW AND THE FORESEEABLE FUTURE, ASEAN's NEED FOR JAPAN AND ITS
CONTINUED COOPERATION IS FAR MORE ESSENTIAL. THE REVIVAL OF THE JAPANESE
ECONOMY, THE RESUMPTION OF ITS TRADITIONAL ROLE AS A GROWTH ENGINE IS OF
UTMOST IMPORTANCE TO THE PHILIPPINES, TO EAST ASIA, TO THE WORLD.

ON THE BILATERAL PLANE, THE RECENT ENTRY INTO FORCE OF THE JAPAN-SINGAPORE
COMPREHENSIVE PARTNERSHIP AGREEMENT INSPIRES OUR EFFORTS TO CONCLUDE AN
APPROPRIATE AGREEMENT BETWEEN OUR TWO COUNTRIES -- THE PHILIPPINES AND
JAPAN.

IN OUR VIEW, AN IDEAL FOR THE PROPOSED AGREEMENT IS TO MAXIMIZE THE MANY
AREAS OF COMPLEMENTARITY BETWEEN OUR TWO ECONOMIES. ONE SUCH AREA IS HUMAN
RESOURCE DEVELOPMENT.

ONE FACET OF OUR HRD COMPLEMENTARITY INVOLVES THE DEMOGRAPHIC REALITIES IN
OUR TWO COUNTRIES. JAPAN HAS AN AGING POPULATION WHILE THE PHILIPPINES HAS
A YOUNG POPULATION WHICH SUPPLIES SOME OF THE BEST-TRAINED AND MOST
COMPASSIONATE HEALTH CARE WORKERS IN THE WORLD. A GROWING NUMBER OF
COUNTRIES IN NORTH AMERICA, EUROPE AND THE MIDDLE EAST NOW HOST THIS
FILIPINO HEALTH CARE GIVERS.

IN SIMILAR VEIN, JAPAN IS THE ACKNOWLEDGED LEADER IN THE REGION IN THE
FIELD OF ADVANCED TECHNOLOGY INCLUDING ICT AND CAPITAL-INTENSIVE INDUSTRY.
THE PHILIPPINES, ON THE OTHER HAND, IS WELL-ACKNOWLEDGED INTERNATIONALLY
FOR ITS TOP-QUALITY KNOWLEDGE WORKERS. WE CAN DEVISE THE RIGHT
ARRANGEMENTS TO TAKE FULLER ADVANTAGE OF THESE REALITIES.

BUT ALL THESE PROSPECTS, ALL THE EXCITING POSSIBILITIES FOR ECONOMIC
REVIVAL OR ADVANCEMENT IN MY COUNTRY OR IN JAPAN, OR IN THE REGION MAY NOT
SEE THE LIGHT OF DAY WITHOUT A PEACEFUL AND STABLE POLITICAL AND SECURITY
ENVIRONMENT.

SOME PARTS OF OUR REGION ARE A TINDERBOX OF INTER-ETHNIC TENSION, AND LONG
BEFORE THIS A BATTLEFIELD OF IDEOLOGICAL RIVALRY AND A FOCAL POINT OF
GEO-STRATEGIC COMPETITION IN THE COLD WAR.

NO ONE CAN OR SHOULD SAY, TOO THAT THERE IS NO IMMEDIATE DANGER OF
HOSTILITIES. BECAUSE, AS SEPTEMBER 11 HAS TAUGHT US, AS BALI HAS TAUGHT
US, WE SOMETIMES DO NOT KNOW WHERE THE ENEMY LURKS, MUCH LESS WHERE OR WHEN
IT WILL STRIKE NEXT.

THERE ARE SERIOUS SECURITY FAULT LINES IN EAST ASIA. WE BOTH KNOW THEM SO
WELL. OUR TWO COUNTRIES HAVE BEEN VERY CLOSE ALLIES FOR SO LONG AND, EVEN
AS I SPEAK, WE CONTINUE TO WORK TOGETHER IN ADDRESSING SOME OF THESE.

BUT WHEN OR HOW ANY OF THESE FAULT LINES WILL SNAP, NO ONE CAN TELL FOR
CERTAIN. ALL WE CAN DO IS PREPARE. AND WHERE WE CAN, PROVIDE THE SAFETY
NETS, THE SAFETY VENTS TO RELIEVE THE BUILD UP OF PRESSURE AND AVOID
SUDDEN, MASSIVE EXPLOSIONS.

UNDER CONDITIONS OF UNCERTAINTY, PRUDENCE IS THE BEST POLICY. VENTING
PRESSURE IS PRUDENT AND OFTEN VERY EFFECTIVE.

OPEN AND ACTIVE DIALOGUE, THROUGH THE ASEAN REGIONAL FORUM, THE ASEAN+3
PROCESSES AND ALL OTHER CHANNELS, MUST BE THE ENDURING MEANS FOR CLARIFYING
THE SECURITY CONCERNS AND ASSESSMENTS OF COUNTRIES, FOR EXPLAINING NATIONAL
DEFENSE DOCTRINES AND PLANS, AND FOR CONTAINING AND REMOVING TENSION.

WE IN EAST ASIA MUST REINFORCE ALL ELEMENTS OF PREDICTABILITY, STABILITY
AND BALANCE IN THE SECURITY FIELD.

ON CERTAIN FRONTS, WE ARE MAKING TREMENDOUS PROGRESS. THE AGREEMENT SIGNED
IN PHNOM PENH ON THE REGIONAL CONDUCT IN THE SOUTH CHINA SEA IS AN
IMPORTANT BREAKTHROUGH. NOT ONLY FOR THE PHILIPPINES AND OTHER COUNTRIES
IN THE IMMEDIATE VICINITY, BUT ALSO FOR COUNTRIES SERVED BY THAT MARITIME
AREA.

BUT ON OTHER FRONTS, RECENT DEVELOPMENTS ARE CAUSE FOR CONCERN. THE
REVELATIONS ABOUT NUCLEAR WEAPONS DEVELOPMENT IN THE KOREAN PENINSULA ARE A
BIG ISSUE. WE OPPOSE NUCLEAR WEAPONS PROLIFERATION AND WE WILL RESIST A
NUCLEAR ARMS RACE IN EAST ASIA.

APART FROM INTERNATIONAL TERRORISM, NEW TRANSNATIONAL THREATS TO PEACE,
FREEDOM AND PROGRESS REQUIRE OUR JOINT ATTENTION AND ACTION. TRANSNATIONAL
CRIME, INCLUDING THE ILLICIT TRADE IN NARCOTICS AND WEAPONS, TRAFFICKING IN
HUMAN BEINGS, MONEY LAUNDERING, AND PIRACY IN THE HIGH SEAS, AS WELL AS
TRANS-BOUNDARY ENVIRONMENTAL THREATS, ARE FIELDS FOR URGENT COOPERATION.

ALL COUNTRIES IN OUR REGION, ESPECIALLY THOSE FOR WHOM FREEDOM IS A MATTER
OF NATIONAL HONOR ARE WITHOUT A DOUBT DETERMINED TO DO MORE TO CONTRIBUTE
TO THE STABILITY, SECURITY AND PEACE IN EAST ASIA. BUT ACTING SINGLY
GREATLY LIMITS THEIR OPTIONS FOR POSITIVE ACTION.

FOR SO LONG, JAPAN HAS BEEN ABLE TO CONTRIBUTE SO MUCH. YOUR PIVOTAL ROLE
IN THE STABILIZATION OF CAMBODIA, IN THE TRANSITION TO NATIONHOOD OF EAST
TIMOR, IN PROMOTING PEACEFUL DIALOGUES AS THE MEDIUM FOR SETTLING THE
THORNY ISSUES IN THE KOREAN PENINSULA, AND IN SO MANY MORE ARENAS, THESE
ACHIEVEMENTS OF JAPAN ARE NOT LOST ON US. AND WE CONGRATULATE YOU.

THE LONG HISTORY OF COOPERATION BETWEEN OUR TWO COUNTRIES -- AS PARTNERS,
AS FRIENDS, AS ALLIES -- IS SOLID BASIS FOR FURTHER AND MORE INTENSE
COLLABORATION. WE BOTH MUST BE READY TO ACT AND OPERATE, WHERE NEEDED AND
WHEN NECESSARY, AS ONE FORCE FOR REGIONAL SECURITY.

TO FACE THE THREATS JOINTLY AND TO TRIUMPH -- THIS IS OUR COMMON MISSION.

TO SHOW THE WORLD WHAT INTERDEPENDENCE MEANS FOR US: TO PRESERVE FREEDOM,
TO WIN PROSPERITY IN THE 21st CENTURY AND FOR ALL TIME.

THANK YOU, MR. SPEAKER, MR. PRESIDENT, MR. PRIME MINISTER.

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PGMA's Speech during the State Dinner hosted by their Majesties the Emperor and Empress of Japan (Banquet Hall, Imperial Palace Tokyo Japan -03 Dec 2002)
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YOUR EXCELLENCIES, LADIES AND GENTLEMEN.

IT'S MY GREAT HONOR AND PRIVILEGE TO BE IN JAPAN UPON YOUR MAJESTIES KIND
INVITATION. THIS VISIT MANIFESTS THE DEEP FRIENDSHIP THAT BINDS OUR TWO
COUNTRIES AND PEOPLES.

AS THE RECENT EVENTS IN OUR REGION AND IN THE WORLD HAVE MADE CLEAR, ONLY
THROUGH EARNEST ACTS OF FRIENDSHIP AND COOPERATION ESPECIALLY BETWEEN
NEIGHBORS LIKE OURS CAN NATIONS HOPE TO EFFECTIVELY ADDRESS THE COMMON
THREATS AND CHALLENGES FACING THEM.

THE FRIENDLY RELATIONS BETWEEN THE PHILIPPINES AND JAPAN ARE BLESSED WITH A
LONG HISTORY. THIS FRIENDLY TIES COULD BE TRACED AS FAR BACK AS THE EXILE
OF LORD OKUN TAKAYAMA, A GREAT CHRISTIAN SAMURAI AND HIS FAMILY TO MANILA
IN 1614.

THREE CENTURIES AFTER THAT, THE PHILIPPINES BEGAN BENEFITING IMMENSELY FROM
THE IMPORTANT CONTRIBUTIONS OF JAPANESE IMMIGRANTS TO OUR COUNTRY.

ROAD CONSTRUCTION IN THE PHILIPPINE SUMMER CAPITAL OF BAGUIO, WHICH YOU
VISITED, YOUR MAJESTIES RECEIVED A GREAT BOOSTS FROM THE FIRST LARGE WAVE
OF JAPANESE MIGRATION TO MY COUNTRY IN 1903.

THE CENTENNIAL OF JAPANESE IMMIGRATION TO THE PHILIPPINES NEXT YEAR IS AN
IMPORTANT MILESTONE. AND WE ALREADY HAVE LINED UP APPROPRIATE ACTIVITIES
TO MARK THE OCCASION.

A SUBSEQUENT WAVE IN THE SAME YEAR LED TO THE ESTABLISHMENT OF A SIZABLE
COMMUNITY OF JAPANESE DESCENT IN THE PROVINCE OF DAVAO IN THE ISLAND OF
MINDANAO. THAT COMMUNITY BECAME A CATALYST FOR AGRICULTURAL DEVELOPMENT IN
SOUTHERN PHILIPPINES WHICH TODAY SUPPLIES 90 PERCENT OF THE BANANAS AND THE
GREAT BULK OF THE PINEAPPLES ENJOYED IN JAPAN TODAY.

ON A MORE PERSONAL NOTE, I STILL VIVIDLY REMEMBER ANOTHER MILESTONE IN
JAPAN-PHILIPPINE RELATIONS THAT YOUR MAJESTY TALKED ABOUT EARLIER -- THE
VISIT OF YOUR MAJESTIES TO MANILA 40 YEARS AND ONE MONTH AGO.

AND I AM VERY PROUD AND HONORED THAT IT WAS MY FATHER, THEN THE PRESIDENT
OF THE PHILIPPINES, WHO HOSTED THE THEN VISITING CROWN PRINCE AND CROWN
PRINCESS.

YOUR VISIT TO MY COUNTRY, YOUR MAJESTIES SIGNAL THE CLOSE OF A DIFFICULT
CHAPTER IN OUR COMMON HISTORY AND SIGNAL THE START OF A NEW ONE -- A
CHAPTER OF TRUE FRIENDSHIP, A CLOSE ALLIANCE OF GENUINE PARTNERSHIP.

THIS PARTNERSHIP HAS SINCE BORN MUTUALLY BENEFICIAL FRUITS FOR BOTH
COUNTRIES. JAPAN HAS THROUGH ALL THESE YEARS BEEN A LEADING SUPPORTER OF
PHILIPPINE EFFORTS FOR SUSTAINABLE DEVELOPMENT AND NATION-BUILDING.

THE ASIAN FLU AND THE ASIAN CRISIS AFFECTED US BOTH. YET, AT THE HEIGHT OF
THE FINANCIAL STORM THAT HIT FIVE YEARS AGO, JAPAN SOLIDARITY WAS A STRONG
AND HEARTFELT PRESENCE IN MY COUNTRY AS IT WAS IN THE REST OF SOUTHEAST
ASIA.

YOU MAJESTIES, YOUR EXCELLENCIES, I'M HERE TO BUILD UPON A ROBUST BILATERAL
PARTNERSHIP. THIS VISIT OF STATE IS THE FIRST BETWEEN OUR TWO COUNTRIES IN
THE NEW CENTURY. AND IT COMES CLOSELY ON THE HEELS OF THE LAUNCH OF NEW
COOPERATION PARADIGMS IN EAST ASIA.

THE PHILIPPINES AND JAPAN ARE VITAL ALLIES IN BUILDING AND MAINTAINING
PEACE AND STABILITY IN THE WHOLE REGION. OUR ALLIANCE CAN BE FURTHER
STRENGTHENED. IT CAN BE EXPANDED TO REINFORCE THE MARCH TOWARDS REGIONAL
INTEGRATION.

JAPAN'S CONTRIBUTIONS TO GREATER EAST ASIAN INTEGRATION IS EXEMPLIFIED IN
ITS ACTIVE SUPPORT FOR THE ASEAN+3 AND THE ASEAN REGIONAL FORUM PROCESSES.
ITS COMPREHENSIVE ECONOMIC PARTNERSHIP INITIATIVES WITH ASEAN AND OTHER
EAST ASIAN COUNTRIES AND ITS ROLE IN BUILDING THE PEACE FOUNDATION FOR
STABILITY AND PROGRESS IN COUNTRIES LIKE CAMBODIA AND EAST TIMOR.

IN THIS AND OTHER IMPORTANT INITIATIVES SUCH AS ON ISSUES OF IMMEDIATE
CONCERN IN NORTHEAST ASIA, JAPAN'S UNFLINCHING ADVOCACY OF DIALOGUE HAS MY
COUNTRIES FULL SUPPORT AND COOPERATION.

EAST ASIA IS OUR COMMON HOME. IN THIS HOUSE, DIALOGUE PROVIDES THE BEST
AVENUE FOR RESOLVING DIFFERENCES. IT CAN BE THE ONLY MEANS TO BRING
CLOSURE TO A DIFFICULT TASK.

WE HAVE WITNESSED HOW DIALOGUE COULD FACILITATE GREATER UNDERSTANDING AND
CHART NEW AVENUES FOR COOPERATION. WE SAW THIS IN 1999 WHEN IN THE COURSE OF THE ASEAN+3 MEETINGS,
MANILA HOSTED THE FIRST SUMMIT IN HALF A CENTURY BETWEEN THE LEADERS OF
JAPAN, CHINA AND SOUTH KOREA.

JAPAN AND THE PHILIPPINES HAVE BOTH LONG RECOGNIZED THAT COMMON STRANDS RUN
THROUGH OUR STAKE IN THE DESTINY AND COHESION OF THE REGION. BY WORKING
TOGETHER, WE CAN ADVANCE TOGETHER.

OUR TWO COUNTRIES HAVE LAID FOUNDATIONS OF AMITY, DEEPER AND MORE SOLID
THAN THOSE OF BRIDGES OR FACTORIES. I SAW THIS FIVE YEARS AGO WHEN THEIR
MAJESTIES RECEIVED HERE, MY MOTHER, THE FIRST LADY, WHO WELCOMED THEM IN
MANILA 40 YEARS AGO.

OUR PEOPLE SHALL STRENGTHEN THIS FOUNDATION BY EVERY PASSING YEAR. GREATER
THAN FIVE THOUSAND JAPANESE-FILIPINO COUPLES WHO EXCHANGED WEDDING VOWS
EACH YEAR. THEY AND THEIR MANY CHILDREN WILL PROVIDE THE STRONGEST BONDS
THAT WILL KEEP JAPAN-PHILIPPINE RELATIONS VIBRANT AND STRONG, THE BONDS
THAT ONLY FAMILIES CAN BUILD.

IN THAT SPIRIT AND IN BEHALF OF A GRATEFUL NATION, LET ME OFFER A TOAST.

TO YOUR GOOD HEALTH, YOUR MAJESTY.

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PGMA's Speech during the Opening Ceremony of the first E-Services Philippines I.T. Exhibition and Interactive Business Investment Seminar (Jetro Business Support Center Tokyo, Japan -03 Dec 2002)
.
THANK YOU VERY MUCH SECRETARY ROXAS.

MR. WATANABE, CHAIRMAN AND CEO OF JETRO; MR. IZUKA, ALSO OF JETRO;
SECRETARY GENERAL TAKASHI ONDA OF THE ASEAN-JAPAN CENTER; MR. SHOICHI
KAMEYAMA, THE PRESIDENT OF JCCI-MANILA; MEMBERS OF THE PHILIPPINE
DELEGATION -- PHILIPPINE OFFICIALS AND BUSINESS DELEGATION BOTH; SENIOR
EXECUTIVES AND OFFICERS OF JETRO; DISTINGUISHED MEMBERS OF THE BUSINESS
COMMUNITY IN JAPAN; AND OF COURSE, THE OTHER ORGANIZERS, SPONSORS AND
EXHIBITORS OF THE FIRST PHILIPPINE I.T. EXHIBITION & BUSINESS SEMINAR IN
JAPAN, GOOD AFTERNOON.

IN BEHALF OF THE ENTIRE FILIPINO NATION, I THANK ALL OF YOU FOR
PARTICIPATING IN THIS EVENT THAT MARKS A NEW AND EXCITING PHASE IN
PHILIPPINE-JAPANESE TRADE AND INVESTMENT RELATIONS.

I THANK IN PARTICULAR THE JAPANESE BUSINESSMEN WHO ARE WITH US TO EXPLORE
THE MANY POSSIBILITIES OF MUTUALLY REWARDING PARTNERSHIPS.

MY THANKS TO THE ORGANIZERS OF THIS EXHIBITION AND SEMINAR: JETRO, METI,
THE JAPANESE EMBASSY IN MANILA -- MR. AMBASSADOR -- THE PHILIPPINE
DEPARTMENT OF TRADE AND INDUSTRY, THE PHILIPPINE EMBASSY AND OUR EVENT
SPONSORS: THE ASEAN-JAPAN CENTER, THE JAPANESE CHAMBER OF COMMERCE AND
INDUSTRY OF THE PHILIPPINES AND MEGAWORLD-EASTWOOD CITY CYBERPARK, AND ALL
OUR SPEAKERS AND EXHIBITORS FOR PUTTING TOGETHER THIS PHILIPPINES
FIRST "E-SERVICES PHILIPPINES: I.T. EXHIBITION AND BUSINESS INVESTMENT
SEMINAR IN JAPAN"

WE HAVE CHOSEN JAPAN TO BE THE FIRST COUNTRY OUTSIDE THE PHILIPPINES TO
STAGE THIS E-SERVICES PHILIPPINES EXHIBITION TO SHOWCASE OUR UNIQUE
OUTSOURCING CAPABILITIES WHICH GARTNER RESEARCH CALLS THE "BEST KEPT
SECRET."

BECAUSE JAPAN HAS A LONG HISTORY OF BUSINESS RELATIONSHIP WITH THE
PHILIPPINES AND IT'S A WORLD LEADER IN INFORMATION AND COMMUNICATIONS
TECHNOLOGY, AND LIKEWISE IN MANUFACTURING, TRANSPORTATION, CONSTRUCTION,
ROBOTICS AND ANIMATION, TO MENTION A FEW, ALL OF WHICH DEPEND UPON
INFORMATION AND COMMUNICATION TECHNOLOGIES.

IN THE AREA OF I.T. AND I.T.-ENABLED SERVICES, THERE IS A GROWING NUMBER OF
JAPANESE INVESTMENTS AND OUTSOURCING INITIATIVES IN THE PHILIPPINES. THIS
IS ESPECIALLY TRUE IN THE FIELDS OF ENGINEERING DESIGN, SOFTWARE
DEVELOPMENT, DIGITAL ANIMATION AND BACK OFFICE OPERATIONS.

THE PHILIPPINES HAS ALSO ESTABLISHED ITSELF AS A PRODUCTION SUPPORT CENTER
FOR THE FAMED JAPANESE ANIME'. LIKEWISE, WE FUNCTION REMOTELY AS YOUR
BACK OFFICE OPERATIONS IN DOCUMENTATION, ACCOUNTING AND HUMAN RESOURCE
MANAGEMENT SERVICES. WE ALSO PROVIDE YOUR BUSINESS' CUSTOMER SERVICES
REQUIREMENTS IN ENGLISH AND IN OTHER ASIAN LANGUAGES THROUGH OUR NUMEROUS
CALL CENTERS IN THE PHILIPPINES. THE JAPANESE COMPANIES THAT HAVE
PARTNERED WITH PHILIPPINE-LOCATED I.T. FIRMS HAVE RECOGNIZED OUR QUALITY
HUMAN RESOURCES WHOSE FLEXIBILITY AND CREATIVITY SET THEM APART FROM OTHER
I.T. PLAYERS AS CITED BY A JETRO PUBLICATION, DATELINE, IN ITS NOVEMBER TO
DECEMBER 2002 ISSUE.

JAPANESE COMPANIES ARE SETTING THE TREND OF LOCATING THEIR I.T. AND
I.T.-ENABLED OPERATIONS IN OTHER DEVELOPING HUBS IN OUR COUNTRY OUTSIDE
METRO MANILA SUCH AS CALABARZON, SUBIC AND CEBU. THESE AREAS HAVE AN
ABUNDANCE OF HIGHLY-TRAINABLE I.T. KNOWLEDGE WORKERS SUPPORTED BY THE
PRESENCE OF TECHNICALLY COMPETENT SCHOOLS, GOOD TELECOMMUNICATIONS
FACILITIES AND OFFER A LIFESTYLE COMPATIBLE WITH JAPANESE PREFERENCES.

OUR EXPRESSION OF GRATITUDE WOULD NOT BE COMPLETE IF WE WILL NOT CITE YOUR
SUPPORT IN THE PROMOTION OF ACCREDITATION PROGRAMS FOR FILIPINO I.T.
PROFESSIONALS VIA THE JAPANESE INFORMATION TECHNOLOGY STANDARD EXAMINATION
OR JITSE. LIKEWISE, JETRO HAS HELD SEMINARS FOR LOCAL I.T. INDUSTRIES IN
MANILA AND CEBU, BACKED UP BY A BUSINESS MATCHING SYSTEM IN THEIR WEBSITE
THAT AIMS TO PROMOTE BUSINESS THROUGH THE INTERNET.

I HOPE THAT MY ADMINISTRATION STRONG SUPPORT FOR ICT, WHICH WE RECOGNIZE AS
A KEY DRIVER OF OUR ECONOMY, REASSURES THEJAPANESE COMPANIES OF THE CONTINUED GROWTH OF YOUR ICT INTEREST IN OUR
COUNTRY. I PERSONALLY HEAD THE I.T. AND E-COMMERCE COUNCIL OF THE
PHILIPPINES. THIS IS OUR COUNTRY'S HIGHEST I.T. POLICY-MAKING BODY THAT
COUNTS AMONG ITS MEMBERS MOST OF OUR RESPECTED I.T. INDUSTRY AND BUSINESS
LEADERS.

OUR ECONOMIES' RESPECTIVE STRENGTHS COMPLEMENT EACH OTHER VERY WELL.
JAPAN'S LEADERSHIP IN VARIOUS TECHNOLOGICAL FIELDS CAN BE ADEQUATELY
SUPPORTED BY THE PHILIPPINES' LARGE POOL OF QUALITY HUMAN RESOURCES WITH
HIGH I.T. LITERACY, TO BOOST OUR JOINT I.T. PROSPECTS AND TAKE THEM TO
UNCHARTED HEIGHTS.

IN THIS REGARD, WE WISH TO FURTHER INTENSIFY OUR MUTUAL INITIATIVES IN
E-SERVICES THROUGH THE FOLLOWING:

ACCELERATION OF THE PROMOTION OF JAPANESE INVESTMENTS AND OUTSOURCING
PROJECTS INVOLVING I.T. AND I.T.-ENABLED SERVICES;
INTENSIFICATION OF THE CONDUCT OF TRAINING PROGRAMS RELATED TO ICT
INNOVATION AND TECHNOLOGY ADVANCEMENT, WORKER SKILLS UPGRADING, AND PROJECT
MANAGEMENT;
CONTINUATION AND EXPANSION OF THE EXISTING CERTIFICATION PROGRAMS THAT
ATTUNE FILIPINO I.T. WORKERS TO JAPANESE STANDARDS;
FAST TRACKING OF INFORMATION EXCHANGE BETWEEN OUR TWO COUNTRIES TO FURTHER
DEVELOP OUR RESPECTIVE ICT INDUSTRIES AND MARKET.

THE OPPORTUNITIES WE FACE ARE TRULY TREMENDOUS. WITH THIS "E-SERVICES
PHILIPPINES: I.T. EXHIBITION AND BUSINESS INVESTMENT SEMINAR," WE ARE
TAKING THE FIRST STEP IN REALIZING SUCH PROSPECTS.

WE HOPE TOO THAT WITH THIS EVENT, WE COULD ENCOURAGE YOU TO VISIT THE
PHILIPPINES AND ATTEND THE THIRD "E-SERVICES PHILIPPINES: I.T. OUTSOURCING
AND SUBCON EXHIBITION" WHICH WILL TAKE PLACE FROM FEBRUARY 13th TO 15th
2003 AT THE WORLD TRADE CENTER IN METRO MANILA.

OUR PHILIPPINE DEPARTMENT OF TRADE AND INDUSTRY, WHICH IS ORGANIZING THIS
EVENT, WILL SET UP THE APPROPRIATE SITE TOURS AND VISITS OUTSIDE OF THE
EXHIBITION AND PROVIDE BUSINESS MATCHING SERVICES ESPECIALLY FOR THE
JAPANESE DELEGATION.

THE PHILIPPINE BOARD OF INVESTMENTS, JAPAN DESK AND THE JETRO, THROUGH THE
BUSINESS SUPPORT CENTER THAT HAS JUST BEEN ANNOUNCED TODAY BY MR. WATANABE,
WILL PROVIDE THE NECESSARY SUPPORT TO FIRMS INTENDING TO OUTSOURCE TO OR
LOCATE IN THE PHILIPPINES. SO WE ENSURE YOU OF THE FULL RANGE OF BUSINESS
FACILITATION.

IN CLOSING, I INVITE ALL OF YOU TO MAKE I.T. THE PHILIPPINES FOR ALL YOUR
I.T. AND I.T.-ENABLED BUSINESS REQUIREMENTS. WE PROUDLY WELCOME YOU TO
ASIA'S NEW E-SERVICES HUB, THE PHILIPPINES, AND DISCOVER FOR YOURSELF THE
WORLD'S "BEST KEPT SECRET."

WITH THIS, I DECLARE THE FIRST-EVER "E-SERVICES PHILIPPINES: I.T.
EXHIBITION IN JAPAN" OFFICIALLY OPEN.

THANK YOU.

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PGMA's Speech during the Luncheon hosted by the Heads of the Japanese Economic Organizations (Nippon Keidanren) (Rose Room, Tokyo Kaikan Tokyo, Japan (04 Dec 2002)
.
THANK YOU, SECRETARY ROXAS.

CHAIRMAN YAMAGUCHI, CHAIRMAN OKUDA, CHAIRMAN KOBAYASHI, VICE CHAIRMAN
SASAKI, CHAIRMAN TOLLUMI, CHAIRMAN KANEKO, OTHER DISTINGUISHED
REPRESENTATIVES FROM THE BUSINESS COMMUNITY, MEMBERS OF THE PHILIPPINE
DELEGATION, LADIES AND GENTLEMEN.

I'D LIKE TO THANK THE JAPANESE ECONOMIC ORGANIZATIONS FOR INVITING ME TO
THIS LUNCHEON VISIT DURING MY STATE VISIT TO YOUR GREAT COUNTRY.

IT IS IMPORTANT FOR ME TO MEET YOU OFTEN BECAUSE JAPAN, AS YAMAGUCHI SAN
HAS SAID, IS THE SECOND LARGEST TRADE PARTNER OF THE PHILIPPINES, AND JAPAN
ACCOUNTS FOR A SIZABLE AMOUNT OF FOREIGN DIRECT INVESTMENTS. YOUR OFFICIAL
DEVELOPMENT ASSISTANCE CONSTITUTES MORE THAN 60 PERCENT OF WHAT THE
PHILIPPINES RECEIVES FROM ABROAD.

JAPAN'S ECONOMY IS THE SECOND LARGEST IN THE WORLD. JAPAN'S GDP IS MORE
THAN HALF OF THE ENTIRE REGION. JAPAN HOUSES LEADING EDGE AND WORLD-CLASS
COMPANIES LIKE YOURS IN INDUSTRIES SUCH AS AUTOMOBILE, INFORMATION
TECHNOLOGY, ROBOTICS AND MACHINE TOOLS, TO NAME A FEW. IT IS THEREFORE IN
OUR COLLECTIVE INTERESTS TO SEE JAPAN SUCCEED IN SUSTAINING ITS ECONOMY AS
AN ENGINE OF GLOBAL GROWTH.

LET ME NOW UPDATE YOU ON DEVELOPMENTS ABOUT THE PHILIPPINE ECONOMY.

THE COUNTRY'S GROWTH IN THIS FIRST SEMESTER OF THIS YEAR IS THE HIGHEST SO
FAR AMONG THE FIVE LEADING ECONOMIES IN SOUTHEAST ASIA.

AND IN THE FIRST THREE QUARTERS OF THIS YEAR, PHILIPPINE GDP GREW BY 4.1
PERCENT. GDP WAS POWERED BY THE RECOVERY OF INDUSTRY AND CONTINUED
STRENGTHENING OF SERVICES. INDUSTRY GREW BY 3.8 PERCENT BECAUSE EXPORTS
GREW BY 8.9 PERCENT, AND PRIVATE CONSTRUCTION IS ON THE REBOUND. WHILE
EXPORT FIGURES TO JAPAN HAVE BEEN SLUGGISH, DEMAND WITHIN OTHER

PARTS OF ASIA MORE THAN TOOK UP THE SLACK, WITH EXPORTS TO CHINA ACCOUNTING
FOR A LARGE SHARE.

SERVICES GREW BY 5.1 PERCENT BECAUSE OF THE EXPANSION OF
TELECOMMUNICATIONS, TRADE AND PRIVATE SERVICES, INCLUDING TOURISM. THE
STRENGTH OF THE SERVICE SECTOR IS BASED LARGELY ON THE GAINS MADE BY THE
LIBERALIZATION AND DEREGULATION MEASURES THAT THE PHILIPPINES HAS PURSUED
OVER THE PAST FEW YEARS. THUS, FOLLOWING THE OPENING UP OF LONG DISTANCE
SERVICE AND MANDATORY INTERCONNECTIONS, THE COMMUNICATIONS SECTOR CONTINUES
TO REGISTER DOUBLE-DIGIT GROWTH RATES.

AND WITH CONTINUED RESPONSIBLE MONETARY, FISCAL AND SUPPLY-SIDE POLICIES,
INFLATION AND INTEREST RATES ARE THE LOWEST IN MORE THAN A DECADE.

WE ARE WELL ON OUR WAY TO MEET THE WORLD BANK FORECAST OF AN OVERALL GDP
GROWTH RATE OF AT LEAST 4 PERCENT FOR THE PHILIPPINES THIS YEAR, FROM THE
3.2 PERCENT THAT WAS ACHIEVED LAST YEAR. THE WORLD BANK FORECAST FOR THE
PHILIPPINES IS THE HIGHEST AMONG THE FOUR SOUTHEAST ASIAN COUNTRIES THAT
THE WORLD BANK RECENTLY REVIEWED. FURTHERMORE, THE WORLD BANK FORECASTS A
GROWTH RATE OF 4.3 PERCENT FOR THE YEAR 2003.

THE TRANSPORT SECTOR IS BENEFITING FROM THE MOTOR VEHICLE COMPLEMENTATION
SCHEME IN SOUTHEAST ASIA, AND FROM THE GROWING TRADE IN SPARE PARTS AND
COMPONENTS WITH EAST ASIA. IT IS IN THIS SECTOR THAT JAPAN HAS PROVEN TO
BE A VERY IMPORTANT PLAYER, AND WE SHALL CONTINUE TO FOSTER OUR CLOSE
PARTNERSHIP IN THIS AREA.

IN SEEKING SUSTAINABLE GROWTH, MY ADMINISTRATION CONTINUES TO FOCUS
UNSWERVINGLY ON BUILDING A STRONG PHILIPPINE REPUBLIC SIMILAR TO THE STRONG
JAPANESE DEMOCRATIC NATION. TWO ESSENTIAL FEATURES MARK OUT A STRONG
NATION. THE FIRST IS INDEPENDENCE FROM CLASS AND SECTORAL INTERESTS SO
THAT THE NATION STANDS FOR THE INTEREST OF THE PEOPLE RATHER THAN OF A
POWERFUL MINORITY. THE SECOND IS THE CAPACITY, REPRESENTED BY STRONG
INSTITUTIONS AND A STRONG BUREAUCRACY, TO EXECUTE GOOD POLICY AND DELIVER
ESSENTIAL SERVICES.

MY ADMINISTRATION CONTINUES TO FOCUS ON THE ESSENTIAL SERVICES THAT CONCERN
FIRMS THAT WOULD INVEST IN THE PHILIPPINES. THIS INCLUDES THE FOLLOWING:

POWER. AS YAMAGUCHI SAN HAS SAID, OUR PROGRAM TO REFORM THE POWER SECTOR
TO ASSURE ADEQUATE AND RELIABLE POWER SUPPLY TO CONSUMERS AND TO INDUSTRY WAS INITIATED
WITH THE PASSAGE OF THE ELECTRIC POWER INDUSTRY REFORM ACT LAST YEAR. IT
WAS PASSED LAST YEAR AFTER A DELAY OF 10 YEARS. AND I THANK SENATOR
PIMENTEL AND THE CONGRESSMEN AND CONGRESSWOMAN WHO ARE PRESENT HERE TODAY
BECAUSE THEY WERE THE ONES WHO DID THAT FOR OUR REPUBLIC. SINCE THEN,
POWER COST HAVE GONE DOWN. FROM BEING THE ECONOMY WITH THE SECONDMOST
EXPENSIVE ELECTRICITY RATES IN THE REGION, THE PHILIPPINES HAS GONE DOWN TO
BEING NUMBER SIX. AND WE AIM TO REDUCE POWER COST EVEN MORE THROUGH A
COMPREHENSIVE ENERGY LIBERALIZATION PROGRAM THAT COVERS POWER GENERATION,
TRANSMISSION AND DISTRIBUTION.

FOR THE WORK FORCE. THE JAPANESE ARE WITNESSES TO THE CREATIVITY,
INDUSTRIOUSNESS AND SKILL OF THE GREAT FILIPINO WORKER. AND NOW WITH ALL
OUR EFFORTS, WE HAVE THE LOWEST STRIKE RATE IN THE LAST 20 YEARS. THE
COUNTRY'S MAINSTREAM LABOR GROUPS HAVE ANNOUNCED THAT THEY ARE SUSPENDING
DEMANDS FOR WAGE INCREASES. THE REPRESENTATIVES OF WORKERS AND EMPLOYERS IN
THE AUTOMOTIVE INDUSTRY RECENTLY COMMITTED TO PROMOTE PRO-ACTIVE AND
RESPONSIBLE USE OF PLANT LEVEL MECHANISMS IN SETTLING DISPUTES TO PREVENT
THEM FROM MATURING INTO ADVERSARIAL ACTIONS.

AS FOR THE RULE OF LAW. THE PHILIPPINES HAS A STABLE SYSTEM OF LAW AND
GOVERNMENT, AND GREAT TRANSPARENCY IN THE MEDIA THAT FORCES THE OFFICIALS
TO BEHAVE. IN THE AREA OF INTELLECTUAL PROPERTY RIGHTS, SIGNIFICANT GAINS
ARE BEING MADE NOT ONLY IN TERMS OF CONFORMITY TO GLOBAL RULES, BUT ALSO IN
TERMS OF VERY AGGRESSIVE IMPLEMENTATION. COMPARED TO OTHER COUNTRIES, THE
PHILIPPINES HAS A COMPETITIVE EDGE IN TERMS OF THE ENVIRONMENT FOR
INTELLECTUAL PROPERTY.

ON PEACE AND ORDER. MY ADMINISTRATION IS DISMANTLING KIDNAP SYNDICATES AND
GETTING RID OF RASCALS IN THE POLICE, ESPECIALLY IN METRO MANILA. ON THE
OTHER HAND, THE GLOBAL ENVIRONMENT, THE ADVERSE GLOBAL ENVIRONMENT HAS
PROVIDED OPPORTUNITIES TO ADDRESS OUR NATIONAL SECURITY CONCERNS.
NINE-ELEVEN, THE SUBSEQUENT WAR ON TERRORISM, AND THE LOOMING WAR IN IRAQ
HAVE ALL COMBINED TO DAMPEN THE WORLD ECONOMY. BUT EVEN BEFORE 9-11, WE
HAD ALREADY BEEN WAGING A WAR ON TERRORISM.

YOU WILL RECALL THAT THE ABU SAYYAF WAS ABLE TO GENERATE AT LEAST 20
MILLION DOLLARS IN RANSOM FROM SIPADAN IN THE YEAR 2000 WHICH STRENGTHENED
THEIR CAPABILITY FOR TERROR. BUT WITH OUR DECISIVE RESPONSE TO 9-11, WE
HAVE GAINED FOREIGN ALLIES IN OUR WAR AGAINST TERROR, WHICH ENABLED US TO
NEUTRALIZE THE NOTORIOUS ABU SABAYA LAST JUNE AND TO DEGRADE THE ABU SAYYAF
STRENGTH FROM THOUSANDS TO A COUPLE OF HUNDREDS.

THE PHILIPPINES IS POSITIONING ITSELF WITHIN EAST ASIA -- THE REGION OF THE
HIGHEST GROWTH IN THIS CENTURY -- AS A REGIONAL HUB. GEOGRAPHICALLY, THE
PHILIPPINES IS LOCATED IN THE CENTER OF THE ASIA-PACIFIC, WHICH MEANS ALL
MAJOR ASIAN CITIES CAN BE REACHED IN 3 TO 4 HOURS. BUT WE INTEND TO BECOME
A REGIONAL HUB NOT ONLY BY VIRTUE OF PROXIMITY, BUT ALSO BY PROVIDING
SERVICES TO THE REGION.

FIRST, IN INFORMATION TECHNOLOGY AND TELECOMMUNICATIONS SERVICES. THE
PHILIPPINES HAS AN INTERNATIONAL REPUTATION FOR ITS EDGE IN EDUCATION,
ENGLISH PROFICIENCY, ADAPTABILITY AND EXPERTISE IN E-COMMERCE. THE
PHILIPPINES IS HIGHLY COMPETITIVE IN TERMS OF GETTING QUALITY LABOR IN
QUANTITY. AS AN ENGLISH-LITERATE COUNTRY, THE PHILIPPINES IS ABLE TO
ABSORB HIGH TECHNOLOGY EASILY. THIS IS WHY WORLD-CLASS FIRMS SUCH AS
INTEL, TEXAS INSTRUMENTS AND AMKOR ANNAM HAVE A STRONG PRESENCE IN OUR
COUNTRY AS WELL AS OTHER JAPANESE FIRMS THAT EXHIBITED IN YESTERDAY'S I.T.
EXHIBITION.

THE GROWTH OF PRIVATE SERVICES SUCH AS CALL CENTERS, BACKROOM OPERATIONS
AND SOFTWARE DESIGN IS ACCELERATING EVEN AS MY GOVERNMENT CONTINUES TO
CULTIVATE A DYNAMIC I.T. SECTOR. THE I.T. FAIR BEING HELD IN TOKYO IS A
MAJOR VENUE WHERE OUR I.T. FIRMS CAN MERGE THEIR STRENGTHS.

AS A REGIONAL HUB, THE PHILIPPINES IS WELL-POSITIONED TO TAKE ADVANTAGE OF
THE RAPIDLY EXPANDING MARKET OF CHINA. WITH REGARD CHINA, ESPECIALLY AFTER
ITS ACCESSION TO THE WTO, WE SEE THIS AS A LUCRATIVE MARKET FOR OUR
LOGISTICS SERVICES, MANUFACTURING AND COMMODITY FIRMS. BEFORE CHINA JOINED THE WTO, WE HAD
A TRADE DEFICIT WITH CHINA OF 300 MILLION DOLLARS. AFTER CHINA ENTERED
WTO, WE NOW ENJOY A TRADE SURPLUS OF 700 MILLION DOLLARS.

WE ARE ALSO WORKING TO MAKE MAKATI, WHOM MANY OF YOU KNOW AS OUR PREMIER
COMMERCIAL CENTER, A SPECIFIC URBAN TOURIST DESTINATION. THE BIGGEST
SPENDING JAPANESE TOURIST IS THE SINGLE WORKING FEMALE. THEY PREFER
URBANIZED DESTINATIONS LIKE HONGKONG AND HONOLULU, WHERE THEY

TRAVEL IN SMALL GROUPS OF FRIENDS FOR SHOPPING AND REST AND RECREATION.
MAKATI IN THE PHILIPPINES WITH ITS COMPACT, EASY TO SECURE LOCATION,
WORLD-CLASS MALLS, ENTERTAINMENT FACILITIES AND CHEAP SHOPPING CAN BE
PROMOTED AS AN ATTRACTIVE DESTINATION WITH A SIDE TRIP TO ONE OF OUR MANY
BEACH RESORTS AS PART OF THE PACKAGE. I HAVE INSTRUCTED THE DEPARTMENT OF
TOURISM TO SPECIFICALLY PROMOTE THIS CONCEPT TO JAPAN'S TOURIST AGENCIES
AND BUREAUS BY HOSTING GROUPS OF OFFICIALS OF SUCH AGENCIES AND BUREAUS TO
COME TO THE PHILIPPINES TO SEE FOR THEMSELVES.

AS WE POSITION OURSELVES TO BE A REGIONAL HUB, WE ALSO TAKE CARE OF
ENSURING THE PROPER MACROECONOMIC ENVIRONMENT FOR BUSINESS FIRMS TO THRIVE.

WE HAVE PUT TOGETHER A GOOD NEW TEAM TO INCREASE OUR TAX COLLECTIONS. IT
IS HEADED BY A NEW COMMISSIONER OF INTERNAL REVENUE WHO IS PRECEDED BY HIS
IMPRESSIVE RECORD WHEN HE WAS COMMISSIONER OF CUSTOMS, AND WHO HAS THE
PERSONAL INTEGRITY, THE TECHNOLOGICAL COMPETENCE, AND THE PEOPLE'S SKILLS
TO MEET THE TARGET SET FOR THE REST OF THE MEDIUM-TERM PLAN PERIOD. HIS
WORK WILL BE COMPLEMENTED BY A NEW ANTI-SMUGGLING INTELLIGENCE AND
INVESTIGATION COMMISSION.

WE ARE COMMITTED TO NOT ONLY SHORT-TERM BUT LONG-TERM STRUCTURAL REFORMS.
THE SPECIAL ASSET MANAGEMENT COMPANY BILL, WHICH HAS NOW PASSED BOTH HOUSES
OF CONGRESS SHOULD FREE UP MORE BANK RESOURCES FOR EXPORT AND OTHER
PROJECTS THAT THE GOVERNMENT IS NOT IN A FISCAL POSITION TO FUND.

THE BILL TO MAKE LAND ACCEPTABLE AS BANK COLLATERAL, WHICH PASSED THE HOUSE
OF REPRESENTATIVES LAST WEEK WILL STIMULATE PRIVATE INVESTMENTS IN
AGRICULTURE.

IN THE INTERNATIONAL FRONT, THE PHILIPPINES ATTACHES GREAT IMPORTANCE TO
ENSURING THAT THE DOHA ROUND OF THE WTO DELIVERS ITS PROMISE TO MAINSTREAM
TRADE INTO THE DEVELOPMENT AGENDA SO THAT IT CAN CONTRIBUTE TO ECONOMIC
GROWTH, SUSTAINABLE DEVELOPMENT AND POVERTY ALLEVIATION.

IN THE REGIONAL FRONT, THE INTEREST OF JAPAN, CHINA AND INDIA, THE DOMINANT
ECONOMIES IN ASIA TO JOIN THE ASEAN FREE TRADE AREA INDICATES THE
COMFORTING STRENGTH OF THE LARGER, INTEGRATED MARKETS.

BY CREATING A POWERFUL TRADE AREA, WE EXPECT BUSINESS FIRMS LIKE YOURS TO
DIRECT YOUR INVESTMENTS INTO THE NATURAL STRENGTHS OF THE VARIOUS
MEMBER-ECONOMIES. IT MAKES PERFECT SENSE NOT TO LIMIT YOUR INVESTMENTS TO
ONLY ONE COUNTRY, SO THAT YOU CAN HEDGE AGAINST POLITICAL AND ECONOMIC
RISKS.

JAPAN WILL ALWAYS BE AN IMPORTANT PARTNER OF THE PHILIPPINES, AND INDEED OF
THE WHOLE EAST ASIA REGION IN OUR COMMON RESOLVE TO BUILD A REGIONAL
COMMUNITY WHERE THERE IS ECONOMIC AND HUMAN SECURITY, AND WHERE OUR PEOPLE
WOULD BE ABLE TO REALIZE THEIR POTENTIALS IN KEEPING WITH THEIR FUNDAMENTAL
VALUES.

THE BUSINESS COMMUNITY HAS A LARGE ROLE TO PLAY IN REALIZING THIS VISION.
SO I ASK YOU, LEADERS OF THE JAPANESE COMMUNITY, LET US MOVE FORWARD
TOGETHER. LET US MAKE ASEAN PROSPEROUS. LET US MAKE THE PHILIPPINES
PROSPEROUS BECAUSE THAT IS WHAT WILL MAKE JAPAN PROSPEROUS AND THEREFORE
THE REST OF OUR REGION PROSPEROUS.

THANK YOU.

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PGMA's Opening Statement during a Press Conference at the Japan National Press Club (Nippon Press Center, Tokyo, Japan - 04 Dec 2002)
.
THANK YOU VERY MUCH, CHAIRMAN SUGITA.

MANAGING DIRECTOR NABE; ESTEEMED MEMBERS OF THE JAPAN NATIONAL PRESS CLUB;
MY FRIENDS: GOOD AFTERNOON.

I AM GRATEFUL FOR THE CHANCE TO ADDRESS THE JAPAN NATIONAL PRESS CLUB
AGAIN. SINCE I WAS HERE LAST YEAR, SEVERAL KEY EVENTS HAVE OCCURRED: THE
GLOBAL WAR AGAINST TERRORISM, PARTICULARLY GIVEN RECENT ATTACKS IN THE
REGION; THE U.N. RESOLUTION AND IMPENDING WAR WITH IRAQ; AND THE EMERGENCE
OF CHINA AS A WILLING PLAYER WITH ASEAN.

THE FIGHT AGAINST TERRORISM IS A GLOBAL ONE AND NOT THE CHALLENGE OF A
SINGLE NATION OR REGION. WE HAVE SEEN FROM TRAGIC EVENTS THAT TERRORISTS
KNOW NO GEOGRAPHICAL BOUNDARIES AND ARE NOT GUIDED BY MORAL OR RELIGIOUS
CONVICTIONS. THEY ARE NOTHING MORE THAN MURDERERS OF INNOCENT PEOPLE.
THEY'RE DRIVEN BY AN IDEOLOGY OF MAYHEM THAT'S WHY WE MUST WORK TOGETHER AS
NATIONS AROUND THE WORLD TO FIGHT TERRORISM.

WE UNDERSTAND THE CHALLENGE TERRORISM POSES FOR ALL COUNTRIES THAT VALUE
PEACE AND ORDER. FROM THE MOMENT I TOOK OFFICE, I DECLARED WAR ON
TERRORISM IN THE PHILIPPINES. THAT'S WHY I IMMEDIATELY DECLARED MY
SOLIDARITY WITH THE GLOBAL COALITION AND HAVE JOINED THE FAMILY OF NATIONS
IN THE FIGHT AGAINST TERRORISM. A FEW OF MY OPPONENTS HAVE CRITICIZED MY
DECISION. BUT I HAVE TO TELL YOU: I MAKE NO APOLOGIES FOR AGGRESSIVELY
SEEKING TO ROOT OUT TERRORISM IN THE PHILIPPINES AND TO PUTTING
CONSIDERABLE EFFORT INTO SEEKING REGIONAL CONSENSUS ON FIGHTING TERRORISM.

TERRORISM DRAINS HUMAN CAPITAL AND ECONOMIC RESOURCES, POVERTY FUELS
SUPPORT FOR TERRORIST ACTIVITIES, AND RESTORING SECURITY ASSISTS IN
ENHANCING THE ENVIRONMENT FOR BUSINESS AND THE PROMOTION OF FOREIGN DIRECT
INVESTMENT.

THOUGH THE ABU SAYYAF REMAIN A THREAT, THEY ARE A DIMINISHED THREAT. WE
HAVE WORKED TO CRUSH THEIR ARMED SOLDIERS AND BREAK UP THEIR INTELLIGENCE
CELLS. REMEMBER, THOUGH SOLITARY ACTS OF DESTRUCTION ARE STILL POSSIBLE,
WHAT IS INCREASINGLY MORE DIFFICULT FOR ABU SAYYAF IS EXTENSIVE,
COORDINATED MILITARY ATTACKS.

MY GOVERNMENT IS DOING ITS BEST TO RESTORE LASTING PEACE IN MINDANAO. MY
OVERALL PLATFORM LINKS THE GLOBAL WAR AGAINST TERRORISM WITH MY VISION OF
ELIMINATING POVERTY. THUS, I APPRECIATE JAPAN'S FIELDING OF AN APPRAISAL
MISSION FOR THE SOCIAL FUND PROJECT OF THE AUTONOMOUS REGION OF MUSLIM
MINDANAO, WHICH IS A SIGNIFICANT FIRST STEP.

I CONSIDER MY STATE VISIT AS AN OPPORTUNITY TO HIGHLIGHT THE IMPORTANCE OF
JAPAN AS THE PREEMINENT CONTRIBUTOR TO THE ECONOMIC SECURITY OF THE
PHILIPPINES AND THE REGION. JAPAN PLAYS A CENTRAL ROLE IN HELPING THE
PHILIPPINES ON BOTH THE ECONOMIC AND MILITARY SECURITY FRONTS. FOR THE
PHILIPPINE-JAPANESE BILATERAL RELATIONSHIP, THIS MEANS THAT THE VITAL
COMPONENT OF THE POLITICAL SECURITY OF THE PHILIPPINES DEPENDS ON THE
ECONOMIC CONTRIBUTION OF JAPAN AS A SOURCE OF AID, TRADE AND INVESTMENT.

WE VALUE THE INVESTMENTS THAT THE JAPANESE GOVERNMENT AND JAPAN BUSINESSES
HAVE MADE IN THE PHILIPPINES. AS OUR PARTNERS, THE JAPANESE ARE WITNESSES
TO THE CREATIVITY, INDUSTRIOUSNESS AND SKILL OF THE GREAT FILIPINO WORKERS
WHO ARE MAKING IMPORTANT CONTRIBUTIONS IN JAPANESE BUSINESSES. WE AIM TO
CONTINUE TO HARNESS THIS RESOURCE TO BRING CHANGE TO OUR LIVES IN THE
PHILIPPINES AND INCREASE PROSPERITY TO THE REGION.

FOR EXAMPLE, MARUBENI HAS BUILT THE MAJORITY OF THE POWER PLANTS OWNED BY
THE PHILIPPINE NATIONAL POWER CORPORATION AND HAS JUST COMPLETED A 1.4
BILLION-DOLLAR MULTI-PURPOSE DAM. MATSUSHITA IS EXPANDING ITS
AIRCONDITIONER PLANT IN THE PHILIPPINES, AND WE ARE ENCOURAGING IT TO
RELOCATE ITS ENTIRE WINDOW-TYPE AIR CONDITION BUSINESS TO THE PHILIPPINES.

THE PHILIPPINES CONTINUES TO WORK HARD TO STRENGTHEN OUR ECONOMIC
ENVIRONMENT THROUGH CONTINUED ENHANCEMENT OF OUR INFRASTRUCTURE AND AN
ONGOING REFORM PROCESS AND FOCUS ON GOOD GOVERNANCE.

WE ARE MAKING IMPORTANT ECONOMIC PROGRESS. LET'S NOT FORGET THAT WHEN MY
ADMINISTRATION TOOK OFFICE, WE HAD AN ECONOMY THAT WAS HEADING TOWARDS BANKRUPTCY, AND ECONOMIC AND
POLITICAL CHAOS STRAINED OUR RELATIONS WITH THE INTERNATIONAL FINANCIAL
COMMUNITY AND CREATED SIGNIFICANT MARKET INSTABILITY.

TODAY, WE STILL FACE MANY CHALLENGES BUT HAVE THE STABILITY AND STRONG
RELATIONS WITH OUR GLOBAL FINANCIAL AND ECONOMIC PARTNERS THAT SUPPORT
IMPLEMENTATION OF THE PHILIPPINE ECONOMIC PLAN, OUR BLUEPRINT FOR
SUSTAINABLE GROWTH AND POVERTY REDUCTION.

THE ECONOMY IS ON TRACK TO ACHIEVE A GROWTH THIS YEAR OF FOUR TO
FOUR-AND-A-HALF PERCENT GDP AS EVIDENCED BY THE BETTER-THAN-EXPECTED
PERFORMANCE OF LEADING INDICATORS IN THE FIRST THREE QUARTERS OF THIS YEAR.
INFLATION AND INTEREST RATES ARE STILL AT RECORD LOWS. EXPORT GROWTH IS AT
NINE PERCENT VERSUS THE ORIGINAL PROJECTION OF ZERO GROWTH SO THAT
INTERNATIONAL RESERVES ARE 1 BILLION DOLLARS MORE THAN THE TARGET.

WHILE THE BUDGET DEFICIT REMAINS A CHALLENGE, WE ARE TAKING CONCRETE STEPS
TO ADDRESS IT. WE REMAIN FOCUSED ON RESPONSIBLY MANAGING EXPENDITURES AND
MAXIMIZING REVENUES. WE ARE SPENDING WITHIN BUDGET BUT DISBURSING IT MORE
EFFICIENTLY AND IMPLEMENTING PROJECTS FASTER.

SEVERAL ENFORCEMENT MEASURES ARE ALREADY IN PLACE TO INCREASE REVENUE
COLLECTIONS. WE HAVE PUT TOGETHER A GOOD TEAM TO INCREASE OUR TAX
COLLECTIONS HEADED BY A NEW COMMISSIONER OF INTERNAL REVENUE, WHO IS
PRECEDED BY HIS IMPRESSIVE RECORD AS A SUCCESSFUL COMMISSIONER OF CUSTOMS,
AND COMPLEMENTED BY A NEW ANTI-SMUGGLING INTELLIGENCE AND INVESTIGATION
COMMISSION.

THE TEAM HAS BEEN REFORMING THE COLLECTION OF THE VALUE-ADDED TAX,
INCLUDING CROSS-CHECKING OF IMPORTATION DATA FROM THE BUREAU OF CUSTOMS
WITH THAT REPORTED TO THE BUREAU OF INTERNAL REVENUE. LAST 15th OF
NOVEMBER, THEY CLOSED AND PROSECUTED 53 FIRMS FOR UNDERPAYMENT OF THE
VALUE-ADDED AND OTHER TAXES. THEY ARE INTENSIFYING AUDIT FOR BOTH
CORPORATES AND INDIVIDUALS EVEN AS THEY HAVE MADE THE OPTION TO PAY TAXES
ON-LINE WIDELY AVAILABLE.

ASIDE FROM THESE IMMEDIATE REFORMS, WE ARE COMMITTED TO LONG-TERM
STRUCTURAL REFORMS. WE'VE PROPOSED LEGISLATION TO CORPORITIZE THE INTERNAL
REVENUE AGENCY INTO A NATIONAL REVENUE AUTHORITY. MEANWHILE, I ISSUED AN
EXECUTIVE ORDER TO RESTRUCTURE THE AGENCY.

TO REFORM EXPENDITURE MANAGEMENT, THE PHILIPPINE SENATE HAS BEGUN
DELIBERATING THE PROCUREMENT REFORM BILL WHICH WILL BRING ABOUT AN
ESTIMATED SAVINGS OF 30 PERCENT ON THE BUDGET. MEANWHILE, I'M IMPLEMENTING
E-GOVERNMENT TO ELECTRONICALLY RELEASE FUNDS TO AGENCIES AUTOMATICALLY FOR
A MORE EFFICIENT UTILIZATION OF FUNDS.

THE POWER SECTOR IS OUR KEY REFORM AREA IN ORDER TO ASSURE ADEQUATE AND
RELIABLE POWER SUPPLY TO CONSUMERS AND TO INDUSTRY. THIS PROGRAM WAS
INITIATED WITH THE PASSAGE OF THE ELECTRIC POWER INDUSTRY REFORM ACT LAST
YEAR AFTER A DELAY OF 10 YEARS. THE ANSWER TO SOURCING THE HUGE CAPITAL
REQUIREMENTS OF OUR POWER SECTOR IS PRIVATIZATION. THE FIRST KEY TO
PRIVATIZATION IS TO CREATE AN INVESTMENT CLIMATE THAT'S ATTRACTIVE TO BOTH
DOMESTIC AND FOREIGN INVESTORS. THE SECOND KEY TO CREATE A SUCCESSFUL
PRIVATIZATION PROCESS IS ONE THAT IS TRANSPARENT AND FREE OF CORRUPTION.

WITH THE REFORMS WE ARE IMPLEMENTING, AND WHICH WE HOPE CONGRESS WILL ENACT
AS SOON AS POSSIBLE, WE ARE CONFIDENT WE WILL ACHIEVE HIGHER GROWTH IN 2003.

THERE IS NO MORE IMPORTANT BENCHMARK OF A DEVELOPED NATION THAN ITS
ENGAGEMENT IN THE WORLD TRADING SYSTEM. BUT AS DEVELOPED AND DEVELOPING
COUNTRIES ALIKE KNOW TO BE TRUE, THE BENEFITS OF GLOBALIZATION AND TRADE
ARE NOT ALL APPARENT OR ALL POSITIVE. AS THE PHILIPPINES COMES DOWN ON THE
SIDE OF TRADE, WE UNDERSTAND THAT AT THE SAME TIME, WE MUST MANAGE THE
TRANSITION WELL WITH OUR POOR IN ORDER TO GAIN THEIR POLITICAL SUPPORT FOR
ADDITIONAL POLITICAL AND ECONOMIC REFORMS DOWN THE ROAD.

WE ARE COMMITTED TO LIFTING OUR PEOPLE OUT OF POVERTY. WE MUST PUT FOOD
NOT PROMISES ON THE TABLE TODAY. OUR ECONOMIC PLAN WILL GET US THERE --
OUR TRADE POLICY IS AN INTEGRAL PART OF OUR GROWTH PLAN. BUT OUR PRICE IN
ACHIEVING THIS VISION MUST BE SUSTAINABLE.

THUS, WE COMMEND JAPAN'S EFFORTS TO FURTHER DEEPEN ITS TIES IN THE REGION THROUGH ECONOMIC PARTNERSHIP AGREEMENTS. IN OUR VIEW, AN IDEAL FOR
THE PROPOSED AGREEMENT IS TO MAXIMIZE THE MANY AREAS OF COMPLEMENTARITY
BETWEEN OUR TWO ECONOMIES. ONE SUCH AREA IS HUMAN RESOURCE DEVELOPMENT.

ONE FACET OF OUR HRD COMPLEMENTARITY INVOLVES THE DEMOGRAPHIC REALITIES
BETWEEN OUR TWO COUNTRIES. JAPAN HAS AN AGING POPULATION WHILE THE
PHILIPPINES HAS A YOUNG POPULATION WHICH SUPPLIES SOME OF THE BEST-TRAINED
AND COMPASSIONATE HEALTH CARE WORKERS IN THE WORLD. IN A SIMILAR VEIN,
JAPAN IS THE ACKNOWLEDGED LEADER IN THE REGION IN THE FIELD OF ADVANCED
TECHNOLOGY INCLUDING ICT AND CAPITAL-INTENSIVE INDUSTRY. THE PHILIPPINES,
ON THE OTHER HAND, IS WELL-ACKNOWLEDGED INTERNATIONALLY FOR ITS TOP-QUALITY
KNOWLEDGE WORKERS. WE CAN DEVISE THE RIGHT ARRANGEMENTS TO TAKE FULLER
ADVANTAGE OF THESE REALITIES.

JAPAN'S AID IS IMPORTANT AS A VITAL WEAPON FOR ENSURING REGIONAL STABILITY
AND SECURITY. JAPANESE LEADERSHIP TO SUSTAIN AID TO THE PHILIPPINE
GOVERNMENT IN MY EFFORTS TO REDUCE POVERTY AND SUSTAIN ECONOMIC RECOVERY IS
EVERY BIT AS IMPORTANT AS MILITARY COOPERATION IN ENSURING REGIONAL
SECURITY.

ECONOMIC SECURITY IS THE GREATEST DEFENSE AGAINST POLITICAL INSTABILITY,
POVERTY AND TERRORISM. MAKE NO MISTAKE: "THE YEN IS MIGHTIER THAN THE
SWORD." THE ECONOMIC ROLE JAPAN HAS TO PLAY IN THE REGION CANNOT BE
OVERSTATED.

JAPAN, CHINA AND ASEAN FORM AN ECONOMIC SPHERE TO RIVAL EUROPE AND NORTH
AMERICA. IT IS THE DAWN OF A NEW AGE IN ASIA AS JAPAN, CHINA AND ASEAN
NEIGHBORS COME TOGETHER SEEKING GREATER ECONOMIC COOPERATION AND
INTEGRATION.

JAPAN, AS AN IMPORTANT DEVELOPMENT PARTNER AND DONOR FOR THE PHILIPPINES
AND ASEAN IS CRUCIAL IN THE REGIONAL FIGHT AGAINST POVERTY, THE RECRUITING
GROUND FOR TERRORISM. IT'S ONLY THROUGH ECONOMIC PARTNERSHIP THAT AS A
REGION WE WILL CHART THE SECURITY OF ASIA AND THE PROSPERITY OF OUR PEOPLE.
WITH JAPAN LEADING THE WAY, I'M CONFIDENT THE REGION WILL FLOURISH.

THANK YOU.

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