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We need business to understand its social responsibility, that the main task and objective for a business is not to generate extra income and to become rich and transfer the money abroad, but to look and evaluate what a businessman has done for the country, for the people, on whose account he or she has become so rich.

Our educational system should make the Filipino fit not just for whatever jobs happen to be on offer today, but also for whatever economic challenge life will throw in their way.

Filipino talents and skills are becoming ubiquitous in many parts of the world. Returning Filipino workers have helped improve our skills and technological standards.

Businessmen need to understand the challenges of society and contribute to solving them.

In a global arena, what our businessmen need in order to be competitive is transparency and a level playing-field.

Apart from boosting our long-term economic strength like other Asian economic powers, Philippine companies expanding overseas and going beyond our comfort zones, or going to some uncharted territories, will help sharpen our management skills.

My administration's compact with the Filipino people will demand no less than the attainment of lasting peace and equitable prosperity. We will employ all the tools at our disposal to achieve this.

Throughout Philippine history, it's the immigrants who built fortunes and, in the process, helped build Philippine economy.

The Philippines is strategically located and blessed with the greatest resource: its people, who are hard-working, very loyal, and very adaptive.

The developing world is full of entrepreneurs and visionaries, who with access to education, equity and credit would play a key role in developing the economic situations in their countries.