DEPARTMENT OF FOREIGN AFFAIRS 
P R E S S  R E L E A S E
www.dfa.gov.ph                                                                                           2330 Roxas Blvd., Pasay City, Philippines                                                                                 Tel. No. 834-4000 
SFA-AGR-828-05                                                                                                                                                                                                                             21 November  2005

ECONOMIC FUNDAMENTALS ARE UP

Information Announced by Hon. Dr. Alberto G. Romulo
Secretary of Foreign Affairs
DFA Media Room, 21 November 2005

1.     TAMING THE BUDGET DEFICIT

2.     EXCHANGE RATE/RESURGING PHIL PESO/DARLING CURRENT ASIA/WORLD

3.     INFLATION TAMED

4.     INCREASED INVESTMENT/ STREAM OF CAPITAL INFLOWS

5.     TOURISM INCREASE

6.     ROBUST STOCK EXCHANGE

7.     POSITIVE BALANCE OF PAY

8.     ALL THE TIME HIGH US$ RESERVES

9.    ROLL BACK AND SOFTENING OF FUEL PRICES THAT TAMED THE IMPACT OF E-VAT TO CONSUMERS

10.      P2.5B BUDGET TO FIGHT BIRD FLU

11.     PROJECTION OF ICT EXPORTS TO HIT $6.4B

12.     OFW REMITTANCES SOAR TO HISTORIC FIGURES

13.     BACKING OF 3 APEC LEADERS OF THE RP-MILF PEACE TALKS

14.     BUSH’S EXPRESSION OF HAPPINESS OVER RP-US INTEL EXCHANGE


END

/jay