Aquino to PECC: Task force solving traffic problem

President Aquino again boasted of economic achievements under his term. This time before the Pacific Economic Cooperation Council (PECC).

He cited the rebound in the manufacturing sector, TESDA graduates finding employment, and the government's transparency and accountability, which he says, are now realities and not just concepts.

He also mentioned the traffic problem and what's being done about it.

The President said state infrastructure spending will account for 5% of gross domestic product by 2016.

"A task force of different agencies is hard at work to alleviate traffic along Metro Manila thoroughfares. Critical transport infrastructures like seaports, airports, bus terminals and light rail transport continue to be upgraded while big ticket transportation systems are in the pipeline," said Aquino.

"This will not only ensure that the Philippines becomes more competitive but the benefits of trade, investment and growth are able to reach even the most far-flung communities in the Philippines," he added.

The Philippines is hosting the general meeting of the PECC for the second time since 1999.

The meeting brings to Manila leaders from business, government, and civil society from the Asia-Pacific region to discuss issues and challenges affecting the region.

Recommendations from the meeting will feed into the APEC leaders' meeting which the Philippines will chair in November.