Insisting on the gains made in strengthening the economy, President
Gloria Arroyo has expressed confidence that the Philippines is at a
“tipping point” and will reach First World status within a
generation.
In a report filed by the Philippine News
Agency, Mrs. Arroyo said “I’m confident that the Philippines
will tip forward in pursuit of reaching the status of first-world
within a generation.”
Consumers are facing another week of higher fuel
prices as local oil firms hiked prices at the pumps for the fifth
time this month due to continued increase in oil prices in the world
market.
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