In a report on his first 100 days in office on Thursday, President Benigno Simeon "Noynoy" Aquino III boasted of strengthening the Philippine economy and ending certain anomalous government practices but remained silent on the controversial August 23 hostage incident.
In his 20-minute speech at the La Consolacion College Manila, Aquino did not mention anything about the August 23 hostage incident for which his administration was highly criticized.
The Aquino government received criticism from the local and international community for its poor handling of the Manila hostage incident wherein eight Hong Kong tourists and the hostage-taker Rolando Mendoza were killed.
In his speech, Aquino focused instead on the improvements in the Philippine economy. He also cited that education, health, and social services were also given priority in the national budget.
"Kinikilala na ng pandaigdigang merkado ang pagtatag ng piso" (The world market recognizes the strengthening of the peso)," he said.
"All-time high po ang ating Gross International Reserves na umabot na sa 52.3 billion dollars noong ika-dalawampu ng Setyembre (The Gross International Reserves have reached an all-time high of $52.3 billion on September 20)," he said.
"Ang dati rati’y parang imposibleng maabot na Philippine Stock Exchange Index na 4,000, nalampasan natin. Kahapon lamang po, all-time high na naman ito na umabot sa 4,196.73 points," he added.
(What seemed impossible to achieve before — the Philippine Stock Exchange Index of 4,000 — we have surpassed that. Just yesterday, it reached an all-time high again at 4,196.73 points.)
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