MANILA – President Benigno S. Aquino III downplays the country’s traffic problems saying it’s better to face the heavy gridlock in EDSA than to have a dismal economic activity.
Everyday, thousands of people endures horrible traffic situation along EDSA. But Aquino said during a visit in Cebu that traffic congestion along Metro Manila’s main thoroughfare is a sign of a booming economy.
“Maganda na siguro ang problema na binabanggit na ma-trapik sa EDSA, tama po yan, dahil marami ang nasa kalsada, buhay na buhay ang ating economiya kaysa naman walang trapik sa EDSAa dahil wala ng makabili ng gasolina na patakbuhin ang kanyang sasakyan,” the President said.
(The heavy traffic on EDSA is a better problem, that’s right, because many vehicles are on the road because the economy is doing well. Having no traffic on EDSA, on the other hand, means nobody can buy gasoline for their cars)
But the heavy traffic in EDSA is not the only problem that the administration needs to urgently resolve.
Aquino also welcomes the challenge of coming up a better plan to address the peso-dollar exchange rates.
Last Tuesday, the peso, which is considered the best performing currency in Asia, surged against dollar at 40.57.
“We can sell peso bonds which have actually been oversubscribed. Bangko Sentral ng Pilipinas, however, has asked us to issue dollar bonds to help temper the fluctuation of the exchange rate,” the President said in Filipino.
Despite these challenges, Aquino emphasized the positive changes which resulted from the reforms initiated during his term and called on the people’s continued support in his administration.
With reports from Manila Bulletin