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The country received some sobering economic news last week. During the first quarter of the current year, the Philippines was able to sustain its economic recovery and expansion with a GDP growth of 6.4 percent, a growth rate that actually exceeded forecasts. But the second quarter data took the wind out of that recovery trajectory when the economy grew by 4.3 percent, the slowest since the first quarter of 2021 when the economy contracted 3.8 percent.

Many of you, perhaps, are wondering why I am developing Villar City south of Metro Manila. Some of you may be even skeptical about its success and think that it is too late in the game to create a new city.

Last week, we inaugurated Villar Avenue, a 10-kilometer, 10-lane road that we envision will help decongest traffic and reduce travel time from Las Piñas City to portions of Bacoor and Dasmariñas in Cavite province. In addition, we see this road as an important component in creating jobs for our people, opening up more economic opportunities thus paving the way for growth and expansion.